Remove Earnest money deposit Remove Mortgages Remove Seller concession
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What is a home appraisal gap?

Housing Wire

When you go to buy a home , your mortgage lender will almost always order a home appraisal. Specifically, they want to be sure it’s worth the money they’re lending you and, most importantly, that they’ll recoup their investment if you default on the loan. 5 reasons to refinance your mortgage right now. The purpose?

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Killer Tips For Negotiating a Home Inspection

Realty Biz

The buyer can have their earnest money deposit returned when this happens. Most of the time, the problems are not significant enough for a buyer to terminate but to either negotiate the price or ask the seller to complete repairs. Most of The Time, Having The Seller Make Repairs is a Mistake.

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8 Ways Home Buyers Can Get Their Offer Accepted

Realty Biz

If you want to give yourself a better chance of having your offer accepted, making it as clean and straightforward as possible will appeal to the seller. Any proposal full of contingencies or seller concessions isn’t going to look as good. Offer a Larger Earnest Money Deposit.

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What Are Common Terms and Conditions in a House Offer

Realty Biz

Mortgage Financing Clause. Most home buyers do not have the finances available to buy without a mortgage. Before you apply for a mortgage, you’ll need to do some research with lenders to find out what interest rate will be available to you. So financing is one of the common contingencies in an offer.

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16 Tips to Win a Bidding War on a House

The Close

That may sound like a lot to add, but when your buyers roll it into their mortgage, it should not change their monthly payment so much that it prevents them from qualifying for their loan. Offer a Sizeable Down Payment Make a big impression by offering a large earnest money deposit (EMD) to hold the contract.

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How to Start Investing in Real Estate with $1,000

Realty Biz

What it doesn’t take is much money. You only need to put a small amount down as an earnest money deposit, and you get that money back either when the deal closes or if you put contingencies in place for it. You rent out the other units to your neighbors, and they cover your mortgage.

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How to Start Investing in Real Estate with $1,000

Realty Biz

What it doesn’t take is much money. You only need to put a small amount down as an earnest money deposit , and you get that money back either when the deal closes or if you put contingencies in place for it. You rent out the other units to your neighbors, and they cover your mortgage. House Hacking.