The Close

FEBRUARY 6, 2024

Offer a Sizeable Down Payment Make a big impression by offering a large earnest money deposit (EMD) to hold the contract. I’ve compiled a list of my top tips on how to win a bidding war on a house to help you outsmart your competition and get your clients into their dream homes. That’s just 2% on a $250,000 home.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

HomeLight

APRIL 19, 2021

to as high as 6% of the sale price, so be sure to leave room in your budget for your attorney and real estate agent, as well as for filing fees and other required deposits. It’s no surprise that in a city with more millionaires than any other place in the world , the most desirable properties can go to contract in a matter of days.

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Earnest money deposit Due diligence Inspection Agents 64

HomeLight

SEPTEMBER 11, 2020

Your offer will be stronger if you build in some wiggle room relating to factors that might seriously entice the seller to pick you: Can you offer rent-back? Source: (Andrea Piacquadio / Pexels). Educate yourself about how offers work. It’s a legally binding document once it’s signed by both you and the seller. A bigger down payment?

Earnest money deposit 89

Earnest money deposit Purchase and sale agreement Inspection contingency Home sale contingency 89

HomeLight

JUNE 30, 2021

If the contingency isn’t met, it usually means that you can drop out of the purchase and get your earnest money back. If your current house doesn’t sell, or the settlement doesn’t happen, as the buyer, you can walk away from your new purchase with your earnest money. Source: (LinkedIn Sales Solutions / Unsplash).

Rent back 104

Rent back Inspection contingency Earnest money deposit Finance 104

HomeLight

MARCH 2, 2023

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. If this all sounds perfect and you’re getting serious about purchasing a home in San Diego, read on.

Closing 99

Closing Earnest money deposit Sales Inspection 99

HomeLight

MARCH 20, 2023

Contingencies allow the buyer to walk away from the home (and usually receive a refund of their earnest money) within a certain period of time if the criteria of the clause is not met. We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs.

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 97

Realtor.com

OCTOBER 29, 2020

If something is wrong, you can request that it be fixed—or you can back out of the sale. Financing contingency: This contingency gives you the right to back out of the deal if your mortgage approval falls through. Clear the title. As the home buyer of this piece of real estate, you’re entitled to choose the title company.

Closing 139

Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139