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16 Tips to Win a Bidding War on a House

The Close

Offer a Sizeable Down Payment Make a big impression by offering a large earnest money deposit (EMD) to hold the contract. That’s not including the luxury market—the median sold price in my area in Florida is around $300,000. For example, many agents ask sellers to cover closing costs for their buyer clients.

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

HomeLight

But getting to live in such a cultural epicenter means getting ahead of an exceptionally competitive real estate market. We interviewed real estate experts with decades of experience to help you win a bid on your own home in Manhattan’s hyper-competitive, fast-paced market. Closing costs can range from 2.5%

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How to Buy a House in San Diego: 14 Steps to Close the Sale

HomeLight

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. During this time, review your credit score and determine if it’s considered excellent, good, fair, or poor.

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What Is a Home Sale Contingency?

HomeLight

They’ve accepted an offer and set a closing date, thus their current home sale just needs to be “settled” in order for the purchase of the new home to go through. Their home may be on the market, but they do not have buyers. Sellers may be especially agreeable to a home sale contingency if: The local real estate market is slow.

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Closing on a House Checklist: 6 Things Home Buyers Must Do Before They Move In

Realtor.com

Appraisal contingency: With this contingency, a third party hired by your mortgage lender evaluates the fair market value of the home. If you’re getting a loan, one of the best ways to prepare is to thoroughly review your closing disclosure , also known as a HUD-1 settlement statement.

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