Purchase And Sale Deposit In Ct

[Ellswerth]

My husband and I are trying to sell our house without a seller's agent.
What is the average deposit amount that we should require from the buyers at the purchase and sale? We have our home listed at $249,999.

[Bryson]

Yes, we have a RE Attorney.
Now, is this deposit different from the "money down" due at closing? This is where I am confused.

[Danilkar]

Laymans consider:1. If you don't possess a significant in advance deposit like 10% OR EVEN MORE then you definitely do not genuinely have any influence if the customer simply choose to wander away.2. It's crucial that you simply utilize great lawyer to draft/evaluate your agreement and all offers and counteroffers whilst the demons are usually within the specifics. Particularly in times such as this, don't skimp on great counsel3. Until your customers possess a strong finances in accordance with this dimension purchase you will find apt to be issues regardless of how carefully you build your deal.3.1 Be darn sure you're not obligating yourself to pay for some consumers broker since you hardly understand the good print.3.2 Be darn sure you're eligible for maintain the deposit without any publicity when the customer does not execute as needed, that you don't what various other occasion to second-guess your privileges or even to enforce any more steps.

[Ambrosi]

Speak with your RE attorney. You do have an RE attorney? Here in NY it's usually between 10-25% is due at the time the contract is first signed, then the balance due at closing.

[Fuller]

You ought to be studying on just how to market your home, purchasing a guide or two, or allowing your lawyer manage it. The deposit problem may be the minimum of issues, although not unimportant.How much did you pay whenever you purchased? That will probably let you know average in your town. You are liberated to request whatever you like. Liamais typical appears only a little peculiar being an earnest money deposit, however it depends upon the buying price of the home, I suppose.Unless you are performing whilst the customeris lender, the cash due at final is ALL OF THE RELAXATION, including closing fees.
:)

[Chonen]

Remember, I'm on Long Island, NY---even though house prices have dropped, houses are still pretty expensive. if you offered to put 3% on a house costing $600K that wouldn't look too good. Usually here the seller would like as much hard money on contract as possible.