Realty Biz

NOVEMBER 11, 2020

They will also get their earnest money deposit back , and the home will go back on the market. If you follow all of the proper steps in selling a home , you will never have to worry about accepting an offer with a home sale clause. The Mortgage Financing Contingency. Appraisal Contingency.

Backup offer 110

Backup offer Sales Home sale contingency Earnest money deposit 110

HomeLight

JUNE 29, 2022

As interest rates start increasing, as they are right now in 2022 , sellers may not have as many backup offers to consider as they would when rates were low. Price your house right to attract competitive offers. Require a sizable earnest money deposit. Make repairs that affect the buyer’s loan requirements.

Earnest money deposit 89

Earnest money deposit Purchase and sale agreement Closing costs Closing 89

HomeLight

MARCH 20, 2023

Financing Contingency: If the buyer’s mortgage proceedings fall through, they can walk away from the home. A kick-out clause acts as a sort of compromise in light of an offer with a home sale contingency. They may be able to accept backup offers as well, depending on how the clause is written. Offer over asking price.

Home sale contingency 85

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 85