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From My Affiliates: Gurnee, Long Grove and Palatine Illinois home buying, real estate listings, and homes for sale in Lake County, IL

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Making An Offer >Good Faith Deposits

After many months of searching, you have found your ideal house. You are a little older and a little wiser now, so you want to give the impression that you are serious without appearing to be too eager. What should you do? In the marketplace, "money talks."

There is no absolute rule about how much "good-faith" deposit you should put down--but it is a tool to make your point with the seller. The typical $1,000 will hold many homes for you, except in larger-home markets where it may be critical for you to show that you are an especially serious and able buyer. You don't want to make a deposit that is too large in case there is a problem getting your money back, but if your offer is substantially below the asking price, a larger deposit--$5,000 or $10,000--might influence the seller. If you make a low deposit with your offer, be sure to provide for an increased deposit when the offer is accepted or upon removal of the contingencies.

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Q	In what real estate market are more than 90 percent of home sales cash transactions?
A	Palm Beach, home to princes, politicians, and CEOs, has homes from 2,000 sq.ft. condos to 56,000 sq.ft. estates.
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Jane Lee Realty Group, REALTORŽ, real estate agents and broker for Gurnee, Long Grove and Palatine Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

Jane Lee Team
RE/MAX Top Performers
210 N. Waukegan Road
Lake Bluff
IL 60044
Direct Office: 847-970-5583
Direct Fax: 847-295-0801
Main Office: 847-295-0800
Main Fax: 847-295-0801
Cell Phone: 847-420-8866
E-mail: leads@janeleehomes.com
The Jane Lee Team assists their clients by focusing on these seven priorities:

1. Providing Quality Service
2. Meaningful Communication
3. Addressing the Customer's Individual Needs
4. Providing Professional Advice
5. Delivering a Successful Market Plan through Innovation
6. Team Work
7. Continual Professionalism.

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