Remove Backup offer Remove Earnest money deposit Remove Loans Remove Pre-approval
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What Does Contingent Mean in Real Estate Sales

Realty Biz

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. Maybe they have an unsubstantiated cash deposit ? Appraisal Contingency.

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How to Win a House Negotiation: 9 Expert Tactics for Home Sellers

HomeLight

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.