HomeLight

JUNE 8, 2023

Before you submit your bid, it’s important to understand what an Earnest Money Deposit (EMD) is, how you can use one to strengthen your offer, and how to protect your money should anything come up during your home-buying process. In higher-priced or competitive markets, deposits can reach up to 10%.

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Realtor.com

SEPTEMBER 18, 2020

Generally, waiving a home inspection is done to speed up the closing process. You might have to forfeit the earnest money deposit you’ve put down with your offer, but not necessarily if you’ve worded your contract right. Should you waive inspections in a condo or new-build home? What about condos?

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HomeLight

AUGUST 11, 2023

There’s a lot to review, but our real estate experts have helped break down the most common areas where real estate purchase offers can go awry and what to read closely before you sign. Find a top real estate agent near you We analyze millions of home sales to find real estate agents that sell homes faster and for more money.

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HomeLight

SEPTEMBER 1, 2022

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. As far as home styles go, new construction is trending toward a country style, says Raymer.

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RIS Media

MAY 19, 2021

However, this is just the start with many things to do before the status changes to “Closed.” It shows that the contract has been agreed upon, but some work still needs to be done before closing. Financing problems delay closing in around a third of all real estate transactions. Appraisal Contingencies.

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The Residential Specialist

AUGUST 31, 2023

Experts offer strategies to help clients who need to buy their next home before the sale of their original home is final By Myrna Traylor There are many reasons why a seller might want to secure the purchase of a new primary home before selling their current residence. I just did that for a transaction we closed on yesterday.

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RIS Media

OCTOBER 5, 2021

“We were looking at increasing earnest money deposits, and that was rough because a lot of them are first-time buyers, so they are just starting.” According to Chute, managing expectations was also paramount to navigating first-time and younger buyers in the market. Based on recent reports, Phoenix recorded a 32.4%

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