article thumbnail

Received Multiple Offers on Your Home? ‘Highest and Best’ Will Tell You Who Wants it Most

HomeLight

260,000 offer with financing and inspection contingency, 60-day close. 248,000 offer with all contingencies waived, 30-day close. 250,000 offer with financing and inspection contingency, largest earnest money deposit , 60-day close. So, which one is the best offer?

article thumbnail

How to Sell a House by Owner in Texas

HomeLight

Fast Facts About Selling a House in Texas Median sales price $334,400 (February 2023) Average days on market 56 days (February 2023) Are FSBO yard signs allowed? Earnest money The earnest money deposit is typically a small amount of money that goes into an escrow account to show that the buyer is serious.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Sell a House by Owner in Colorado

HomeLight

Higher interest rates have been cooling the housing market nationwide, and real estate in Colorado is no exception. Inventory is starting to rise along with the average number of days on market as of September 2022. Average days on market : 46 (November 2022). Earnest money. Closing date.

article thumbnail

51 Brilliant Real Estate Tips for Buyers to Edge Past the Competition

HomeLight

Definitely include an inspection contingency. When you buy a home, you’ll typically want to have it inspected first. Most home offers include an inspection contingency, which basically says you can pull out of the deal if something major comes up in the inspection. Sweeten the pot with earnest money.

article thumbnail

How to Sell a House by Owner in Arizona (2022 Updates)

HomeLight

Average days on market : 36 (April 2022). Buyers may ask for the offer to be contingent on other factors, such as the sale of their existing home or their ability to obtain financing. Earnest money. Fast Fasts for Selling a House in Arizona. Median sales price: $449,900 (Feb. 2022 for Phoenix metro). Disclosures: