We generally recommend focusing on one deposit for an “as-is” offer, ideally placed before the due diligence period ends. This approach simplifies the process and clearly signals to the seller that your client is committed to purchasing the property, with the only remaining contingency being the mortgage approval (if applicable).

However, in cash deals or during hot markets, it’s a good strategy to wire a serious deposit within 24, 48, or 72 hours of the offer being accepted. This demonstrates to the seller that the buyer is fully committed and serious about moving forward. Sellers in competitive markets often hesitate to accept offers from buyers who don’t demonstrate a strong commitment early on, as they may be worried about wasting time with non-serious buyers.

By wiring the deposit quickly, you make your offer stand out, reduce the risk of the seller considering other buyers, and show that your client is ready to close without delay. This strategy is particularly effective in fast-moving markets where quick action can make the difference between securing the property and losing it to another offer.