You found your dream home and have started the purchasing process. Now what?
When you find your dream home and decide to make an offer, in most cases, a deposit is a requirement.
How much is required?
A typical deposit can be anywhere from $5,000 to $20,000 depending on the cost of the property and other factors.
How do you pay?
If closing is within 30 days, the deposit must be a money order or bank draft.
So, when preparing to make an offer, keep the deposit in mind and make sure you have the money available that it will require.
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