Realtor.com

OCTOBER 29, 2020

If the appraised value is less than the sale price, the contingency enables you to back out of the deal without forfeiting your earnest money deposit , says Bishoi Nageh , president of the Petra Cephas Team at Mortgage Network Solutions, in Somerset, NJ. Clear the title.

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Realty Biz

MAY 16, 2022

Here are some of the things you may be able to do to land the next house you love. Without the mortgage contingency clause to fall back on, you would be at risk of losing your earnest money deposit. Earnest money can be five percent of the purchase price and in some circumstances even more.

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HomeLight

FEBRUARY 28, 2021

Part of the original land designation for the nation’s capital, today Arlington operates as one of the smallest counties in the country with no cities. The high cost and limited availability of land mean most residents live in vertical developments. Offer a rent-back clause to the seller. No prime time for buyers.

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HomeLight

APRIL 19, 2021

But working closely with your agent allows you to determine what else matters to the seller, like the timing of the deal, or possibly the opportunity to rent back the unit for a few months while they figure out their own next move. The lay of the land in Manhattan. Flood zones in the city? Source: (Steve Strang / Unsplash).

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