The Close

FEBRUARY 6, 2024

The less your buyers need to finance, the less likely the deal will fall through. They only had to finance a small part of the home loan (less than $100,000) after they offered to pay 80% of the list price in cash. Offer a Sizeable Down Payment Make a big impression by offering a large earnest money deposit (EMD) to hold the contract.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

HomeLight

SEPTEMBER 11, 2020

Your offer will be stronger if you build in some wiggle room relating to factors that might seriously entice the seller to pick you: Can you offer rent-back? No sales contingency? Make sure your agent stresses that your offer doesn’t contain a sales contingency. Determine how much earnest money to offer.

Earnest money deposit 80

Earnest money deposit Purchase and sale agreement Inspection contingency Home sale contingency 80

HomeLight

JUNE 30, 2021

If your current house doesn’t sell, or the settlement doesn’t happen, as the buyer, you can walk away from your new purchase with your earnest money. There are lots of other kinds of contingencies — inspection contingencies, appraisal contingencies — but the sales contingency can be especially tricky.

Rent back 104

Rent back Inspection contingency Earnest money deposit Finance 104

HomeLight

MARCH 2, 2023

My Home California Down Payment Assistance : California Housing Finance Agency (CalHFA), offers first-time homebuyers deferred payment loans through both FHA and conventional programs, to assist with down payment and/or closing costs. Do they need to do a rent-back on the house, or do they want a quick close?

Closing 90

Closing Earnest money deposit Sales Inspection 90

Realtor.com

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. If something is wrong, you can request that it be fixed—or you can back out of the sale. Review your closing disclosure.

Closing 139

Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

HomeLight

MARCH 20, 2023

Other common contingency clauses include: Inspection Contingency: If the buyer finds fault with the home inspection report, they can ask for the seller to make repairs, or they can cancel the contract within the contingency period. Offer a larger earnest money deposit. Money talks!

Home sale contingency 88

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 88

HomeLight

FEBRUARY 28, 2021

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 home inspection contingencies — but NOT the home inspection. Waive appraisal and finance contingencies.

Earnest money deposit 93

Earnest money deposit Land Residential Inspection contingency 93