Remove Earnest money deposit Remove Finance Remove Marketing Remove Rent back
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16 Tips to Win a Bidding War on a House

The Close

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.

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

HomeLight

Being able to afford a home in this swanky NYC borough means enjoying unparalleled access to the world’s preeminent nexus of culture, cuisine, architecture, and finance. But getting to live in such a cultural epicenter means getting ahead of an exceptionally competitive real estate market. Source: (Josephine Baran / Unsplash).

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Everything You Need to Know About Making an Offer: 15 Tips for Homebuyers

HomeLight

Even a pandemic failed to slow down the 2020 real estate market. Yes, writing a high offer will incentivize the seller, but money isn’t the only factor! To help you set yourself up for success, read our primer with expert-backed tips for deciding on and presenting the strongest possible offer. Hire the right agent.

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I Have to Make an Offer Contingent Upon Selling My House. How Do I Sweeten the Deal?

HomeLight

Christina Roberto , an agent in Georgetown, Texas, who works with 78% more single-family homes than the average agent in her area, has had offers with sales contingencies accepted even in a hot seller’s market. With a sales contingency, you’ll also get your earnest money back if the deal falls through because your existing home doesn’t sell.

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

HomeLight

Henderson says that while connecting with a reputable agent who knows the San Diego market is important, one thing potential buyers should be sure to do is to align themselves with a great lender. The San Diego real estate market tends to follow seasonal trends, with prices rising after the holidays and into the summer.

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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. Financing contingency: This contingency gives you the right to back out of the deal if your mortgage approval falls through. Review your closing disclosure.

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What Is a Home Sale Contingency?

HomeLight

Financing Contingency: If the buyer’s mortgage proceedings fall through, they can walk away from the home. Appraisal Contingency: If the appraisal fails to meet or exceed the purchase price, the buyer can back out of the contract (or, more often, renegotiate the purchase price). In Allen’s market, this term is more common.