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Buying a home
. . . in earnest
Want to be a stronger buyer? Want home sellers to take your purchase offer seriously?
Write a bigger check! That's right, offer more earnest money than expected.
When making a purchase offer, it is customary that buyers provide an earnest money deposit. It is also common for most buyers to offer as little earnest money as possible. If you were selling your home for $175,000, how would you feel if a buyer offered only $500 or $1,000 as earnest money?
Now consider your reaction if the buyer offered $10,000 or $20,000 as earnest money. Even though the money is held in escrow, the buyer would appear to be serious about completing the sale. It also illustrates that the buyer actually has that amount in the bank.
The best home buyers are those who are motivated and financially capable of buying a home. They are most appreciated by sellers, who often respond favorably to them.
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