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. It is essential to note that canceling after the inspection may result in losing the Earnest Money Deposit (EMD).

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

HomeLight

APRIL 19, 2021

But working closely with your agent allows you to determine what else matters to the seller, like the timing of the deal, or possibly the opportunity to rent back the unit for a few months while they figure out their own next move. A top agent will help you remain competitive even in a cash market. Flood zones in the city?

Earnest money deposit 61

Earnest money deposit Due diligence Inspection Agents 61

HomeLight

SEPTEMBER 11, 2020

Your offer will be stronger if you build in some wiggle room relating to factors that might seriously entice the seller to pick you: Can you offer rent-back? Determine how much earnest money to offer. The customary amount to put down as an earnest money deposit will vary based on your market.

Earnest money deposit 79

Earnest money deposit Purchase and sale agreement Inspection contingency Home sale contingency 79

HomeLight

JUNE 30, 2021

Ask for a rent-back clause. You can always ask for a rent-back clause or an extended closing timeline if you need one for the home you’re selling. In hot markets, many sellers are asking for — and getting — rent-backs. Offer a rent-back to the seller so they can stay longer.

Rent back 104

Rent back Inspection contingency Earnest money deposit Finance 104

HomeLight

MARCH 2, 2023

Get creative with your offer — you may want to offer a larger earnest money deposit, schedule a quick closing, or even consider letting the seller rent the house back from you for a certain period of time. Do they need to do a rent-back on the house, or do they want a quick close?

Closing 90

Closing Earnest money deposit Sales Inspection 90

Realtor.com

OCTOBER 29, 2020

If the appraised value is less than the sale price, the contingency enables you to back out of the deal without forfeiting your earnest money deposit , says Bishoi Nageh , president of the Petra Cephas Team at Mortgage Network Solutions, in Somerset, NJ.

Closing 139

Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

HomeLight

MARCH 20, 2023

Offer a larger earnest money deposit. Earnest money shows you are serious about the deal because you’re tying up your funds in escrow. Money talks! Offer to accept a rent-back agreement. Consult with your agent about what would be considered reasonable in the current market.

Home sale contingency 88

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 88