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Lee Wilbanks And The W.R.E.C. Group
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Thank You For Everything You Did
Thank you for everything you did in helping us purchase our home. We received the keys for our home and everything looked great!! Thanks again!
Kevin & Dawn
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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 |
What 70-room East Coast mansion was built as a summer home and is known as a "Gilded Age cottage"?
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| A |
Cornelius Vanderbilt's "Breakers" Mansion in Newport, Rhode Island, named for the waves crashing along the cliff that separates the property from the ocean. |
See More Real Estate Trivia > |
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Lee Wilbanks And The W.R.E.C. Group RE/MAX Alliance 37569 Five Mile Rd Livonia MI 48154 Office Direct: 734-432-9342 Cell: 734-635-2390 Office : 248-784-4100 Toll Free: 866-4WILBANKS Fax: 734-943-5910 Email: wilbanks@leewilbanks.com Email: wilbanks@thewrecgroup.com
Lee Wilbanks is a 3rd generation Realtor. Lee's many accomplishments include: CDPE (Certified Distressed Property Expert), the Prestigious CRS, DGA, ABR, RECS, SRES, Professional Standards, Presidents Club, Chairman's Club, Top 10% Club, Life Time Achievement Award, Top Producer, Honored Professional of "Who's Who" in Executives in Business, Hall of Fame and Platinum Member. You can visit Lee at his web site or email him. Lee has lived in the Livonia, Novi, Northville and Farmington area for the past 35 years. He is married and has three children.
To buy or sell call the RE/MAX Realty professional LEE WILBANKS. 

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