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16 Tips to Win a Bidding War on a House

The Close

Offer a Sizeable Down Payment Make a big impression by offering a large earnest money deposit (EMD) to hold the contract. That’s not including the luxury market—the median sold price in my area in Florida is around $300,000. Offer Rent Back The possession date is often a point of negotiation in any sale.

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

HomeLight

But getting to live in such a cultural epicenter means getting ahead of an exceptionally competitive real estate market. We interviewed real estate experts with decades of experience to help you win a bid on your own home in Manhattan’s hyper-competitive, fast-paced market. Source: (Josephine Baran / Unsplash). Flood zones in the city?

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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. In a hot market, sellers might be seeing offers without any contingencies, which makes a sales contingency a tough 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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What Is a Home Sale Contingency?

HomeLight

Their home may be on the market, but they do not have buyers. Sellers may be especially agreeable to a home sale contingency if: The local real estate market is slow. A kick-out clause allows the seller to keep marketing the home during the contingent time period. In Allen’s market, this term is more common. Money talks!

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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. 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).

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