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Can a Seller Keep the Earnest Money Deposit? Yes – Here’s When

Redfin

It’s designed to show the seller they’re serious about the purchase and typically ranges from 1% to 3% of the purchase price. If a buyer acts outside the bounds of that agreement, even unintentionally, and the deal falls through as a result, it can be considered a breach of contract.

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Making a Cash Offer on a House? Here’s What You Need To Know

Redfin

Key takeaways: A cash offer on a house means the buyer pays the full purchase price upfront without relying on mortgage financing. Even without liquid funds, buyers can explore bridge loans, private lenders, or creative financing to structure a cash-like offer. Both parties sign closing documents, finalizing the sale.

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What to Know About Buying a Home For The First Time

Rochester Real Estate

Your Housing Budget The purchase price of the home shouldn’t be your only consideration. But if you have a down payment of 20% or more of the purchase price, you can avoid expenses like private mortgage insurance and should benefit from a lower interest rate. (585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P.

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Buyers Paying Over Asking Price? Get an Appraisal Gap Guarantee

HomeLight

If you’re selling your home in a hot market rampant with bidding wars that drive up the purchase offers on home sales, you may realize that your home is unlikely to appraise for the inflated purchase offer or even for your asking price. Short sales or foreclosures in your area have driven home prices artificially low.

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The Process for Buying Land with Cash in 11 Simple Steps

HomeLight

Tell us a little bit about your plans (where you’re looking to buy and when you want to make a purchase) and we’ll connect you with top-rated buyer’s agents in your area. LandWatch is a free online resource you can use to search for rural properties and land for sale. It takes only a few minutes, and it’s free.

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How Long Does It Take to Close On a House With Cash in 2022? Here’s Your Timeline

HomeLight

If you only pay cash for the down payment, and take out a mortgage for the remainder of the purchase price, it keeps more money in your pocket. A cash sale: Start to finish. With a cash sale, you can skip a few steps in the typical closing process. Earnest money could be a flat amount or a percentage of the total sale price.

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Selling to Florida Cash Home Buyers: Tips from Experts

HomeLight

Looking to connect with a Florida cash home buyer for a quick sale in the Sunshine State? HomeLight’s Simple Sale platform provides all-cash offers, giving clients a fast, stress-free home selling experience without having to worry about additional repairs or prep work and with no additional fees, commissions, or upfront costs.