Housing Wire

FEBRUARY 4, 2021

Here’s how Dannielle Hale, chief economist for Realtor.com, put it in her recent 2021 forecast: “The housing market in 2021 will be much more hospitable for buyers as an increased number of existing sellers and ramp-up in new construction restore some bargaining power for buyers, especially in the second half of the year.”.

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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

JUNE 17, 2021

The features they’re most willing to forgo include man caves and pools/spas followed by guesthouses, in-law suites, and new construction. About 28% plan to put more than 20% down when they make offers, and 21% will increase their earnest money deposits.

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Realtor.com

SEPTEMBER 18, 2020

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. And even if you do lose your deposit, it might pale in comparison to paying for whatever required repairs the home inspection brings to light. What about condos?

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RIS Media

MAY 19, 2021

Doing so could mean the forfeiture of their earnest money deposit. Lenders aren’t going to provide money for a property that the buyer’s offer has overvalued. Perhaps the seller needs some time to fix up the home before it is ready for the market or it is new construction.

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HomeLight

OCTOBER 17, 2022

If the buyer isn’t satisfied with the deal, then they may back out and receive a refund of their earnest money deposit. Lead-based paint: If constructed or manufactured prior to 1978. Litigation and insurance: Related to negligent construction or defective building products, related insurance claims, etc.

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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.” Based on recent reports, Phoenix recorded a 32.4% increase in prices in July from the year before.

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