Deposit Money the Key to a good deal

In my 25 years of selling real estate I have learned that smart listing agents look for as much deposit money as possible.  I have seen several buyers walk away from $1000 or $2500 deposits. Its rare that buyers put up 10% of the purchase but they should be expected to provide a healthy deposit. It needs to be enough really commit the buyer to the purchase. If buyers balk at this then that should be a red flag.  I would have concerns that they may have other financial issues that were not disclosed.

The bottom line is…bigger deposits reduce risk…ask for the money!

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