Easy Agent Pro

SEPTEMBER 5, 2023

In today’s competitive real estate market , bidding wars have become common. Here, we’ll explore several novel yet effective ways of outwitting competition and increasing your chances of successful bidding in competitive markets. Start by researching the current market conditions where you intend to buy a property.

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HomeLight

JUNE 8, 2023

Before you submit your bid, it’s important to understand what an Earnest Money Deposit (EMD) is, how you can use one to strengthen your offer, and how to protect your money should anything come up during your home-buying process. Get Started What’s earnest money?

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Realty Biz

APRIL 17, 2023

You must put up an earnest money deposit when you buy a home. The purpose of earnest money is to show you're serious about buying. Many people refer to earnest money as a good-faith deposit. It is held in escrow until closing or until the buyer or seller terminates the contract.

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Realty Biz

MARCH 4, 2024

Closinglock Products and Services Closinglock provides fraud protection solutions to the real estate market, modernizing transactions with a secure, user-friendly platform. Protected Payments: Accept cash-to-close and earnest money deposits as Good Funds.​

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Realtor.com

DECEMBER 3, 2020

Your earnest money deposit was too ‘cheap’ If there’s one part of the offer you shouldn’t cheap out on, it’s the earnest money deposit. And if you need multiple contingencies, that’s fine; but look for a home that’s been on the market for at least 30 days.”.

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HomeLight

JUNE 28, 2023

You’re likely weighing your resources to make certain you’ve planned properly for a down payment, closing costs, and a monthly mortgage payment. But the first financial step toward making it all happen is presenting an offer with earnest money. Get Started What is earnest money in real estate?

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Realty Biz

MAY 24, 2022

Because your buyer is saying it is about not taking out a mortgage at today’s interest rate, I’m thinking the earnest money is what you will primarily get from a failed sale of your house. You did get an earnest money deposit, didn’t you? I ended up keeping the earnest money on the very first house that I sold.

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HomeLight

MARCH 7, 2024

This comprehensive document details everything from the purchase price, down payment, and financing terms to contingencies, closing dates, and any specific conditions both parties must meet before the sale can be finalized. She says buyer’s remorse is something she’s seeing more often in the current housing market.

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Real Trends

NOVEMBER 3, 2022

To date, Opendoor Exclusives is available in the Austin and Dallas-Fort Worth metropolitan areas, but the company plans to roll it out in other markets.). In addition, Opendoor says that homebuyers may back out of the purchase at any time and receive a full refund on their earnest money deposits.

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HomeLight

JANUARY 3, 2024

It means the buyer and seller have agreed to the terms of the contract, such as the price, the closing date, the personal property, the earnest money, tax preparation, and contingencies.” Alternatively, if the conditions aren’t met, the house could go back on the market. It sounds pretty straightforward, right?

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HomeLight

JANUARY 12, 2022

How long does closing take from here? But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. Average time to close.

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CT Homes

AUGUST 31, 2020

Even when you have a signed contract you still need the inspection, appraisal, insurance and closing to go off without a hitch. In most cases, the seller will opt to fix any minor updates either before the transaction or issue a credit at closing. In many markets the reality may tell a different tale.

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HomeLight

JULY 31, 2020

Closing on a house seems pretty straightforward. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. While seamless closings are ideal for everyone involved, they almost never happen unless the buyer is paying cash on the home, and even then there can be a roadblock or two.

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Point2Homes

JANUARY 31, 2023

Making an attractive offer is crucial, especially in a hot market. Finally, research the local market when you’ve found the home you want to buy. Then, when all parties are happy with the offer, and all conditions have been met, you can close the deal. This is especially true for closing dates.

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Realty Biz

JULY 11, 2022

The offer will spell out all of the common terms and conditions such as the offer amount, what you’re financing, any contingencies, and the closing date. Your agent will likely advise you to either add an appraisal contingency or waive it depending on the type of real estate market that presently exists.

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RIS Media

APRIL 1, 2021

The Spring 2021 market is hot and competitive! – Sellers feel that your offer may be less risky and no foreseeable roadblocks to closing escrow. – Sellers feel that your offer may be less risky and no foreseeable roadblocks to closing escrow. Here’s a look at the pros and cons of removing contingencies early: Pros.

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Realty Biz

SEPTEMBER 11, 2023

It's a pivotal point where the homebuyer and seller have agreed on price and terms, but the deal has not yet closed. Under Contract vs. Pending: Clarifying the Difference Before we explore why homes under contract sometimes fail to close, we must understand the difference between under contract and pending.

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Realty Biz

JANUARY 9, 2024

Research the Local Market Before listing your home, it's crucial to research the local real estate market. Understand the current market conditions, including recent sales, average time on the market, and pricing trends. For example, the market has recently shifted in some areas of the country.

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HomeLight

AUGUST 29, 2022

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. Keep in mind that this doesn’t include the funds you will need for closing costs.

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Housing Wire

SEPTEMBER 2, 2022

They may close the transaction and transfer the NFT, or if they choose to not honor the trade, they forfeit their earnest money deposit, as customary in any standard real estate purchase.”. The multi-trillion-dollar real estate market is based on countless singular person-to-person transactions. “It

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CT Homes

NOVEMBER 24, 2020

Unless you’ve seen the tactic before and know how to prevent it, buyers may take advantage of their Earnest Money period to complete their due diligence. Low Earnest Money Deposit. You can always counter inspection days to whatever timeline you feel fair! Want a FAIR offer with STRONG terms for your property?

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RIS Media

OCTOBER 5, 2021

Millennial buyers are being squeezed out of the market as prices continue to climb. He also noted that the price gains are likely cooling down along with the heated competition for listings as the market settles, providing better buying opportunities for folks still in the market. We’ve all seen the headlines.

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Redfin

MARCH 12, 2021

As you close in on making an offer on a home, your real estate agent – or the seller’s agent – will ask about “earnest money.” Earnest money is a type of security deposit, also known as a “good faith” deposit, offered to show the seller of a home that you’re serious about purchasing the property.

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Norada Real Estate

APRIL 15, 2023

The length of time a house can be under contract can vary, but understanding the contingencies and obligations during this period can help both parties prepare for a successful closing. Purpose of Under Contract The purpose of the under-contract period is to allow both parties to fulfill any contingencies and prepare for closing.

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HomeLight

SEPTEMBER 16, 2022

The home will revert to “option pending” on the market and sellers can only accept backup offers during this time. A typical fee ranges between $100 and $500+ , determined by the market and negotiated terms, and is due three days after the contract’s start date. Conditions of the market ( buyer’s market versus seller’s market ).

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Realty Biz

AUGUST 8, 2022

If the buyer and seller have different expectations about the closing time frame, earnest money deposit, contract contingencies , or items included in the sale. When the contract has been agreed upon and signed by the buyer and the seller, the closing can be weeks or even months away. Closing Conference.

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HomeLight

SEPTEMBER 22, 2020

You’ve got an incredible opportunity to make the most of this deal, if only you can avoid tripping up before closing. The “best” component refers to all the other terms included in a contract that can be tweaked to sweeten the deal — such as waived contingencies , putting down more cash upfront , or offering a more flexible closing date.

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Realty Biz

DECEMBER 5, 2022

The crazy hot seller's market forced many home buyers into forgoing their inspection. Things are starting to change in many real estate markets around the country. Instead of markets dramatically favoring sellers, they are becoming more balanced. The buyer can have their earnest money deposit returned when this happens.

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CT Homes

AUGUST 31, 2020

Even when you have a signed contract you still need the inspection, appraisal, insurance and closing to go off without a hitch. In most cases, the seller will opt to fix any minor updates either before the transaction or issue a credit at closing. In many markets the reality may tell a different tale.

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CT Homes

AUGUST 31, 2020

Even when you have a signed contract you still need the inspection, appraisal, insurance and closing to go off without a hitch. In most cases, the seller will opt to fix any minor updates either before the transaction or issue a credit at closing. In many markets the reality may tell a different tale.

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CT Homes

OCTOBER 30, 2020

In many markets property values have taken off to levels not seen in well over a decade. Depending on your financial situation and the growth of your market it may be a great time to explore cashing out and selling your home. The longer a buyer has been investing the more likely they are to close! Find a Buyer.

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Realty Biz

MARCH 27, 2022

If you are trying to buy a home in a seller’s market, offering the asking price may not be enough. Housing markets across the country have been disrupted due to a number of factors including the Covid-19 Pandemic. In a seller’s market, you are more likely to need to bid above the asking price to be successful.

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Realty Biz

APRIL 20, 2022

So if you are only able to get a home loan at 5.25%, you can walk away from the deal with your earnest money deposit. Due to the overwhelmingly strong seller’s real estate market some buyers are making their offers more attractive. Home sale contingency clauses are more common in buyer’s markets.

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The Close

SEPTEMBER 10, 2020

A strong seller’s market is a lot like dealing with the craziness of this pandemic. Hating to lose more than I wanted to win, I came up with these seven creative strategies to make any offer stand out in a seller’s market. Sellers want to work with buyers they can trust and experience a painless closing. CALL the Listing Agent.

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Redfin

JANUARY 26, 2022

PSAs can vary by state but they typically consist of the final sale price, earnest money details, closing date, title information, and contingencies agreed upon by the buyer and seller. In states where escrow agents handle the closing process, the buyer’s agent is responsible for preparing the PSA document.

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Windemere Buying

OCTOBER 4, 2021

The more competitive the housing market, the greater the lengths buyers will go to to make themselves stand out amongst the competition. In a seller’s market , listings commonly receive multiple offers, often over their original asking price. All-cash offers often lead to quick sales with short closing times.

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HomeLight

JUNE 28, 2021

In competitive seller’s markets , some buyers will strengthen their offer with an escalation clause. But even in a strong seller’s market, mishandling offers with escalation clauses can backfire. In a competitive market , buyers can get caught up in the bidding process, offering more money than the home is worth.

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