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5 tips for buying a home in a seller’s housing market

Housing Wire

There’s no doubt we’re in a seller’s housing market. With inventory at record lows, demand surging and prices on the rise, buying — even just finding — a home in today’s market is quite the challenge. Are you hoping to buy a home in 2021’s hot housing market ? A homebuyer’s guide to a competitive housing market.

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How to Protect Your Earnest Money When Buying a House

HomeLight

Before you submit your bid, it’s important to understand what an Earnest Money Deposit (EMD) is, how you can use one to strengthen your offer, and how to protect your money should anything come up during your home-buying process. Get Started What’s earnest money?

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How to Guide Millennial Buyers in the Current Market

RIS Media

Millennial buyers are being squeezed out of the market as prices continue to climb. He also noted that the price gains are likely cooling down along with the heated competition for listings as the market settles, providing better buying opportunities for folks still in the market. We’ve all seen the headlines.

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The No. 1 Reason Homebuyers Are Moving Farther Away From the Big Cities

Realtor.com

“The willingness to live farther away from work is really a combination of affordability, especially in this market, and quality of life.” In a nod to the uber-competitive housing market, they were also significantly less likely to search for things like “remodeled” homes, granite countertops, and theater/media rooms.

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Should I Waive a Home Inspection? Why Buyers Are Willing To Right Now

Realtor.com

Even in the midsize town in northern Alabama where we wanted to buy, the real estate market was nuts. If you’re in a hot real estate market where homes are getting multiple offers, there might be a temptation to skip an inspection when you really want the house. Should you waive inspections in a condo or new-build home?

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Contingent vs. Pending: Real Estate Lingo Explained

RIS Media

Doing so could mean the forfeiture of their earnest money deposit. Lenders aren’t going to provide money for a property that the buyer’s offer has overvalued. To ensure that they aren’t lending more than the home is really worth, they will use a home appraiser to find the fair market value.

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What Must Be Disclosed When Selling a House in Georgia?

HomeLight

HomeLight’s free Agent Match platform can connect you with a top-performing agent in your market who can help you navigate your entire home-selling journey — from disclosures to closing. If the buyer isn’t satisfied with the deal, then they may back out and receive a refund of their earnest money deposit. Find Agent.