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. 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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HomeLight

APRIL 19, 2021

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). million in condos.

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HomeLight

SEPTEMBER 11, 2020

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. No sales contingency?

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HomeLight

MARCH 20, 2023

That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. Most often, this type of scenario calls for a home sale contingency. Find a Buyer's Agent What is a home sale contingency? Thus, the purchase agreement is “contingent” on the sale of the buyer’s existing home.

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 93

HomeLight

MARCH 2, 2023

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. In competitive markets, cash offers could be more likely to be accepted by sellers with multiple interested buyers.

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HomeLight

JUNE 30, 2021

This is why many buyers make offers on their new home that include a sales contingency. With a sales contingency in your offer, you won’t have to close on your new home unless you’ve sold your old home. But a sales contingency could also make it harder to get an offer accepted. Source: (LinkedIn Sales Solutions / Unsplash).

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Realtor.com

OCTOBER 29, 2020

If something is wrong, you can request that it be fixed—or you can back out of the sale. Appraisal contingency: With this contingency, a third party hired by your mortgage lender evaluates the fair market value of the home. Most sales contracts allow buyers to do a walk-through of the home within 24 hours before closing.

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