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 could be a pretty sizable chunk of money from the seller’s profit. Additional concessions could be: Paying for title: This typically ranges from 1% to 2% of the home’s purchase price.
HomeLight
MARCH 2, 2023
Your buyer’s agent will be able to help you create a wishlist , set up viewing appointments for you, tell you more about what’s going on in the neighborhood, negotiate on your behalf, and connect you with other vendors such as a title company, insurance agent, and home inspector. What is their timeline and what will make our offer stand out?”
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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. Clear the title. Plan to sign a ton of paperwork.
HomeLight
MARCH 20, 2023
Appraisal Contingency: If the appraisal fails to meet or exceed the purchase price, the buyer can back out of the contract (or, more often, renegotiate the purchase price). Title Contingency: If the title inspection reveals problematic issues, the buyer can insist upon remedies from the seller or walk away from the purchase.
HomeLight
FEBRUARY 28, 2021
Arlington offers an active lifestyle with more than 150 public parks and playgrounds and 80 miles of trails, earning the title of America’s Fittest City. Rent a bike from Capital Bikeshare to explore the metro D.C. Offer a rent-back clause to the seller. Source: (James Quinn / Unsplash). Arlington is fit for life.
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