Housing Wire

FEBRUARY 9, 2021

Ask for seller concessions to make up for the increased price. Change your closing date to a more convenient one for the seller. If you didn’t have the contingency, you’d have to forfeit your earnest money deposit in order to back out. Your real estate agent can help if you decide to go this route.

Earnest money deposit 450

Earnest money deposit Seller concession Loans Lending 450

Easy Agent Pro

SEPTEMBER 5, 2023

Submit Personalized Offer A personalized offer can significantly impact the seller’s decision-making process. Writing an Emotionally Compelling Offer Letter An offer letter lets you communicate directly with the seller and share your story and connection to the property.

Earnest money deposit 76

Earnest money deposit Seller concession Purchase and sale agreement Pre-approval 76

Realty Biz

DECEMBER 5, 2022

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.

Inspection 139

Inspection Earnest money deposit Purchase and sale agreement Inspection contingency 139

Realty Biz

MARCH 27, 2022

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.

Purchase and sale agreement 120

Purchase and sale agreement Earnest money deposit Seller concession Finance 120

Realty Biz

APRIL 20, 2022

So if you are only able to get a home loan at 5.25%, you can walk away from the deal with your earnest money deposit. Sometimes a seller will be willing to pay some or all of these costs to sell their home. Adding additional terms could make getting your offer accepted more challenging.

Purchase and sale agreement 108

Purchase and sale agreement Home sale contingency Earnest money deposit Inspection contingency 108

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 showed the sellers that my clients were more invested and serious about purchasing the home. But every little concession is important when you’re in a bidding war on a house.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

Realty Biz

SEPTEMBER 4, 2023

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. To cover closing costs, negotiate a seller concession.

Earnest money deposit 89

Earnest money deposit Seller concession Investor Hard money loan 89