Real Estate
in Ottawa
with
SmallwoodSales Representative
Quick Links to:
"Top 5% Nationally for Royal Lepage in 2007"
| Want to buy a home link. | Do you Want to Sell Your Home ? |
What is a “Deposit” for?
Frequentaly Ansked Questions
When you make an offer on a property, you will be required to make a deposit towards the purchase price which indicates to the seller that you are negotiating in good faith, and signifies the intention of the buyer to complete the purchase. The deposit is normally kept in the Listing Broker’s trust account until the date of closing, or other termination of the Agreement such as lack of fulfillment of conditions, etc. At closing, the deposit becomes part of the down payment. If, for any reason, the buyer defaults on the contract, (a very rare occurrence, by the way) the deposit money becomes payment for damages suffered by sellers and their agents.
The deposit is typically a few thousand dollars, but usually less than five percent of the purchase price. If the seller does not accept the buyer’s contract, the money is returned to the buyer.
Return to Frequentaly Ansked Questions
Elaine has answers to your questions and more professional tips to make your real estate transaction more pleasurable.
Call or e-mail Elaine or click on "Ask Your Own Questions."
Elaine can send you information on any Property Listed For Sale on the Multiple Listing Service in the Ottawa area. If you would like her to help you locate a home, please fill out her Information Request Form.
Surfing the Real Estate Board's web site or MLS.CA and found a house that you like but doesn't give you the civic address.
Elaine can also help. Just fill out her Would like an address form, please !
Or perhaps you are considering selling your home in the near future, she can also offer you a Complimentary No- Obligation Market Evaluation Form
Site Index:
Home Page
Properties For Sale l Info for Buyer's & Seller's l Our Newsletter l Your Winning Team
Our Real Estate Market l Get in touch l Elaine's BIO l Links l Site Map
Email Elaine
Copyright 2008-09 www.ElaineSmallwood.com. All Rights Reserved.
All information deemed to be accurate but not warranted.
Performance Realty is independently owned and operated, Brokerage
This web site is designed & maintained by: John Smillie / Lasting Impressions