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Can You Get Your Earnest Money Back at Closing?

Redfin

Think of it as a good-faith payment that tells the seller youre committed. This deposit is usually between 1% and 3% of the homes purchase price, but the amount can vary based on the local market and the agreement between you and the seller. You received seller concessions or lender credits.

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How To Negotiate on House Price: Smart Tactics For Today’s Buyers

Redfin

Research the local market Understanding the fair market value of a home is critical. ” Focus on: Sale prices of homes with similar size, age, and features The average price per square foot How long properties are staying on the market Also, look at the broader market trends. .”

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Top Frequently Asked Questions From Home Sellers

Rochester Real Estate

Every real estate market is different, therefore, the best time to sell a home will be different from real estate community to real estate community. For example, the spring market in the Webster, New York real estate community maybe April, May, and June while the spring market in Coral Springs, Florida maybe March & April.

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How to navigate the real estate market through seller concessions

Real Trends

Agents, has the fluctuating market made it more difficult to close deals this past year? As Realtors, we had to think creatively to help our sellers sell their homes. To think outside the box, some Realtors began using seller concessions. You are certainly not alone. In some areas of the U.S., In some areas of the U.S.,

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Killer Tips For Negotiating a Home Inspection

Realty Biz

Home inspections over the last few years were few and far between. The crazy hot seller's market forced many home buyers into forgoing their inspection. With bidding wars being the norm and not the exception, many buyers were waiving their inspection to strengthen their offer. Best of luck with your purchase!

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4 Scenarios Where Sellers Can Use Seller Credits to Close the Sale

HomeLight

While researching the home sales process, you’ve likely come across the term “seller credit.” A seller credit is a type of seller concession where the seller offers the buyer money at closing to sweeten the deal. Kauffman confirms that seller credits are an important building block of the negotiation process.

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What Are Common Terms and Conditions in a House Offer

Realty Biz

Let’s look at the most common contingencies in an offer and what they mean to buyers and sellers. Common Contingencies Found in an Offer to Purchase. Home Inspection Contingency. One of the most common terms in an offer is the home inspection contingency clause.