Remove Agents Remove Earnest money deposit Remove Inspection
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How to Avoid Losing Earnest Money Deposit When Buying a Home

RIS Media

Buying a home involves multiple steps, including providing an earnest money deposit. This deposit is a sign of good faith between the buyer and seller. However, losing this deposit can be a significant financial setback. It indicates the buyer’s commitment to purchasing the property.

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Agent commissions are being negotiated more often, but it’s a ‘tale of two markets’

Housing Wire

The new rules mandated by the National Association of Realtors’ (NAR) antitrust settlement are designed to encourage more negotiations for buyer agent commissions. That’s according to Redfin , which interviewed dozens of its agents about what they’re seeing on the ground in regard to buyer commission conversations.

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What Happens if the Inspection Contingency Expires on a Home Offer?

HomeLight

For this reason, most contracts contain an inspection contingency clause. But what happens if the inspection contingency expires? If this contingency period lapses before you’ve finalized your decisions, will you lose your deposit? Get Started How does an inspection contingency work? Will you lose the house?

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Killer Tips For Negotiating a Home Inspection

Realty Biz

One of the most vital phases of buying a house is having it inspected. Home inspections over the last few years were few and far between. The crazy hot seller's market forced many home buyers into forgoing their inspection. It has led to home inspections coming back in vogue again.

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Most Home Purchase Agreements Are Contingent on These Two Items

HomeLight

Most purchase agreements are contingent on two key items: home inspection and financing. Find a Top Agent With Experience in Contingency Offers If you need to make an offer on a home with contingencies, you’ll want a top agent by your side who can avoid pitfalls and secure the home you want.

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Should I Waive a Home Inspection? Why Buyers Are Willing To Right Now

Realtor.com

When we finally did go under contract on this third home, we learned of another issue: Home inspectors in the area were booked for two weeks and up, but our contract stated that we had only seven days to get an inspection done. Thankfully, our real estate agent was able to find a local inspector who had a last-minute opening.

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A Seller’s Guide To When A Buyer Does and Doesn’t Get Their Earnest Money Back

HomeLight

If a seller terminates the contract outside of these contingencies , they typically must forfeit the buyer’s earnest money and — depending on the circumstances — may even be required to pay additional money damages and face other possible repercussions for breach of contract. Well, then they lose the earnest money.