<<< back to article list

Why is a deposit required on a home purchase?

Blog by Diane Cardoso | January 27th, 2014

Why is a deposit required when making an offer to purchase a home?

A deposit is evidence of a Buyer’s “Good Faith” to purchase the property.  A Seller cannot accurately evaluate the Buyer’s sincerity if there is no deposit on the transaction.  When you are ready to purchase a home, I can advise you of your options on how to best structure your deposit.