Remove Earnest money deposit Remove Marketing Remove Rent back
article thumbnail

9 Smart Tips for Making an Offer on a House That Stands Out

Redfin

In today’s competitive housing market, it’s not just about the price — it’s about presenting yourself as the most appealing buyer. In addition to getting pre-approved, having cash reserves prepared for your earnest money deposit and other closing expenses is also one of the top tips for making an offer on a house.

article thumbnail

Best and Final Offer (BAFO): What It Means For Buyers and Sellers

Redfin

If you’re selling or buying a home in a competitive market, you might hear the term best and final offer (BAFO) thrown around. Earnest money deposit: A higher deposit signals serious intent and financial stability. Imagine a seller puts their home on the market and gets five offers all at once.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Long Does a Seller Have to Respond to an Offer?

Redfin

They received multiple offers In competitive housing markets , sellers can get multiple offers in a single weekend. Strong earnest money deposit: A higher deposit signals you’re serious and financially committed; giving sellers more peace of mind. Simpler, cleaner offers usually win.

article thumbnail

How To Negotiate on House Price: Smart Tactics For Today’s Buyers

Redfin

Research the local market Understanding the fair market value of a home is critical. ” Focus on: Sale prices of homes with similar size, age, and features The average price per square foot How long properties are staying on the market Also, look at the broader market trends. .”

article thumbnail

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.

article thumbnail

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. During this stage, you’re making sure the previous owner has vacated (unless you’ve allowed a rent-back arrangement in which they can stick around for a period of time before moving).

article thumbnail

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.