The Close

FEBRUARY 6, 2024

Offer a Sizeable Down Payment Make a big impression by offering a large earnest money deposit (EMD) to hold the contract. When you remove the possibility of your buyers backing out, you’re giving that seller peace of mind that your clients are in it to win it. In fact, I suggest quite the opposite.

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 82

Earnest money deposit Purchase and sale agreement Inspection contingency Home sale contingency 82

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

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.

Closing 139

Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

HomeLight

MARCH 2, 2023

While it is not always recommended to completely waive contingencies to impress a seller, you might consider pairing down to just the inspection contingency and financing contingency to remain competitive. Do they need to do a rent-back on the house, or do they want a quick close?

Closing 92

Closing Earnest money deposit Sales Inspection 92

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 90

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 90

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 95

Earnest money deposit Land Residential Inspection contingency 95