Remove Earnest money deposit Remove New Construction Remove Staging
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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. This shows that the house has gone through the contingent stage, and the buyer is expected to close on the home. Appraisal Contingencies.

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The Housing Market Isn’t Crashing…But It Is Shifting

HomeLight

Caroline: Fundamentally, first-time buyers tend to be at a stage of life where they have less money in savings and they also don’t have an existing home to pull equity from or other assets to leverage typically. ” And the same applies to other strategies like making a larger earnest money deposit to strengthen their offer.