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How to Protect Your Earnest Money When Buying a House

HomeLight

Before you submit your bid, it’s important to understand what an Earnest Money Deposit (EMD) is, how you can use one to strengthen your offer, and how to protect your money should anything come up during your home-buying process. Get Started What’s earnest money?

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Should I Waive a Home Inspection? Why Buyers Are Willing To Right Now

Realtor.com

Thankfully, our real estate agent was able to find a local inspector who had a last-minute opening. A home inspection “is a few hundred dollars for your peace of mind,” says Jean Rosalia , a residential and commercial real estate agent based in Virginia Beach, VA. Should you waive inspections in a condo or new-build home?

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Ready to Sign the Purchase Offer for Your House? Here’s How to Read the Fine Print

HomeLight

Find a top real estate agent near you We analyze millions of home sales to find real estate agents that sell homes faster and for more money. The purchase agreement for a new construction residential purchase is different from one for a manufactured home purchase.

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Your Guide to Buying a Home in the Sunshine State of Florida

HomeLight

We researched everything you need to know about buying a house in Florida, and spoke with top agent Maria Raymer , who works with 67% more single family homes than the average agent in Jacksonville, Florida , to get expert insight into the steps required for buying a home in Florida. Find a local Florida agent.

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Contingent vs. Pending: Real Estate Lingo Explained

RIS Media

When your real estate agent puts your home in the multiple listing service, it will have an “Active” status. Doing so could mean the forfeiture of their earnest money deposit. Lenders aren’t going to provide money for a property that the buyer’s offer has overvalued. Appraisal Contingencies.

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How to Guide Millennial Buyers in the Current Market

RIS Media

Agents and brokers say they are trying anything they can to help their millennial clients seize their share of the American Dream, including sweetening their offers to sellers. “We were looking at increasing earnest money deposits, and that was rough because a lot of them are first-time buyers, so they are just starting.”

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Helping Clients Buy a Home Before They Sell

The Residential Specialist

It may have to do with not wanting to uproot kids before the end of a school year, having to be in a location for a new job, waiting on new construction to be completed or just having found the perfect house and not wanting to risk losing it. I talk to the buyer’s agent and ask how soon they need the house or if they can wait.