deposit with offer: how much?

[condogrrl]

From a buyer’s standpoint in this market, what would be a “wise” amount for a deposit check to accompany an offer? 1% of price? 3%? Can the buyer call the shots?

[NotCranky]

[quote=condogrrl] Can the buyer call the shots?[/quote]

It is always your offer(the buyers). There may be situations when you have reason to consider offering more or offer more or less.A large down with a cash offer with no contingencies would probably matter more to a seller than similar offers with lots of contingencies and different down payments.Getting the pulse of the buyers actual likelihood to complete the purchase is more important from a seller’s or sellers agent’s pov .

[NotCranky]

[quote=condogrrl] Can the buyer call the shots?[/quote]

It is always your offer(the buyers). There may be situations when you have reason to consider offering more or offer more or less.A large down with a cash offer with no contingencies would probably matter more to a seller than similar offers with lots of contingencies and different down payments.Getting the pulse of the buyers actual likelihood to complete the purchase is more important from a seller’s or sellers agent’s pov .

[NotCranky]

[quote=condogrrl] Can the buyer call the shots?[/quote]

It is always your offer(the buyers). There may be situations when you have reason to consider offering more or offer more or less.A large down with a cash offer with no contingencies would probably matter more to a seller than similar offers with lots of contingencies and different down payments.Getting the pulse of the buyers actual likelihood to complete the purchase is more important from a seller’s or sellers agent’s pov .

[NotCranky]

[quote=condogrrl] Can the buyer call the shots?[/quote]

It is always your offer(the buyers). There may be situations when you have reason to consider offering more or offer more or less.A large down with a cash offer with no contingencies would probably matter more to a seller than similar offers with lots of contingencies and different down payments.Getting the pulse of the buyers actual likelihood to complete the purchase is more important from a seller’s or sellers agent’s pov .

[NotCranky]

[quote=condogrrl] Can the buyer call the shots?[/quote]

It is always your offer(the buyers). There may be situations when you have reason to consider offering more or offer more or less.A large down with a cash offer with no contingencies would probably matter more to a seller than similar offers with lots of contingencies and different down payments.Getting the pulse of the buyers actual likelihood to complete the purchase is more important from a seller’s or sellers agent’s pov .

[condogrrl]

Thanks, Rustico. How about a small deposit check to open escrow, with a large down payment due at the end of escrow, or even an all cash offer with a small deposit check?

[condogrrl]

Thanks, Rustico. How about a small deposit check to open escrow, with a large down payment due at the end of escrow, or even an all cash offer with a small deposit check?

[condogrrl]

Thanks, Rustico. How about a small deposit check to open escrow, with a large down payment due at the end of escrow, or even an all cash offer with a small deposit check?

[condogrrl]

Thanks, Rustico. How about a small deposit check to open escrow, with a large down payment due at the end of escrow, or even an all cash offer with a small deposit check?

[condogrrl]

Thanks, Rustico. How about a small deposit check to open escrow, with a large down payment due at the end of escrow, or even an all cash offer with a small deposit check?

[(former)FormerSanDiegan]

The down payment is typically (always ?) paid at/near the close of escrow anyway. Offering a large down payment at the end of escrow is essentially the same as offering a large down payment.

The deposit check is used as a sign of good faith. The larger it is the more the buyer puts at stake. There is always a risk that the buyer loses some of the deposit if they back out without cause (e.g. one of their contingencies).

The amount of deposit should depend on two things:
1. How much competition for the property
2. How much do you want to signal that you will follow through with the purchase. (strong buyer)

[(former)FormerSanDiegan]

The down payment is typically (always ?) paid at/near the close of escrow anyway. Offering a large down payment at the end of escrow is essentially the same as offering a large down payment.

The deposit check is used as a sign of good faith. The larger it is the more the buyer puts at stake. There is always a risk that the buyer loses some of the deposit if they back out without cause (e.g. one of their contingencies).

The amount of deposit should depend on two things:
1. How much competition for the property
2. How much do you want to signal that you will follow through with the purchase. (strong buyer)

[(former)FormerSanDiegan]

The down payment is typically (always ?) paid at/near the close of escrow anyway. Offering a large down payment at the end of escrow is essentially the same as offering a large down payment.

The deposit check is used as a sign of good faith. The larger it is the more the buyer puts at stake. There is always a risk that the buyer loses some of the deposit if they back out without cause (e.g. one of their contingencies).

The amount of deposit should depend on two things:
1. How much competition for the property
2. How much do you want to signal that you will follow through with the purchase. (strong buyer)

[(former)FormerSanDiegan]

The down payment is typically (always ?) paid at/near the close of escrow anyway. Offering a large down payment at the end of escrow is essentially the same as offering a large down payment.

The deposit check is used as a sign of good faith. The larger it is the more the buyer puts at stake. There is always a risk that the buyer loses some of the deposit if they back out without cause (e.g. one of their contingencies).

The amount of deposit should depend on two things:
1. How much competition for the property
2. How much do you want to signal that you will follow through with the purchase. (strong buyer)

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