Remove Brokerage Remove Inspection contingency Remove Seller concession
article thumbnail

Can You Get Your Earnest Money Back at Closing?

Redfin

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. This ensures that neither the buyer nor the seller can access the money prematurely, protecting both parties during the transaction.

Closing 43
article thumbnail

Here’s How Much Money You’ll Keep After Selling a House

HomeLight

Seller concessions. During the contingency period , negotiations between buyers and sellers usually take place that sometimes result in concessions or incentives in the buyer’s favor. In a sellers’ market, some buyers will even waive the inspection contingency to sweeten their offer.