Remove Banks Remove Earnest money deposit Remove Finance Remove Rent back
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Closing on a House Checklist: 6 Things Home Buyers Must Do Before They Move In

Realtor.com

If the appraised value is less than the sale price, the contingency enables you to back out of the deal without forfeiting your earnest money deposit , says Bishoi Nageh , president of the Petra Cephas Team at Mortgage Network Solutions, in Somerset, NJ. Any paperwork the bank required to approve your loan.

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Get Your Own Slice of the Big Apple: Buying a House in Manhattan

HomeLight

Being able to afford a home in this swanky NYC borough means enjoying unparalleled access to the world’s preeminent nexus of culture, cuisine, architecture, and finance. A lot of times, it’s not unusual for a homebuyer to submit an offer, and they’re being asked to wire over 10% within a week” for an earnest money deposit.

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Big-City Convenience with Small-Town Charm: How to Buy a House in Arlington

HomeLight

on the southwestern bank of the Potomac River. Real estate experts recommend considering the following tactics to get a leg up in the current market: Include a sizable earnest money deposit with your offer. Waive appraisal and finance contingencies. Offer a rent-back clause to the seller.