HomeLight

JUNE 8, 2023

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. In higher-priced or competitive markets, deposits can reach up to 10%.

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Realtor.com

SEPTEMBER 18, 2020

You might have to forfeit the earnest money deposit you’ve put down with your offer, but not necessarily if you’ve worded your contract right. And even if you do lose your deposit, it might pale in comparison to paying for whatever required repairs the home inspection brings to light. What about condos?

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Realtor.com

JUNE 17, 2021

The features they’re most willing to forgo include man caves and pools/spas followed by guesthouses, in-law suites, and new construction. About 28% plan to put more than 20% down when they make offers, and 21% will increase their earnest money deposits.

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HomeLight

AUGUST 11, 2023

A real estate purchase offer typically includes the following items: A description of the property and its condition What fixtures and appliances are included (or not) The amount of the earnest money deposit The prospective closing date Terms of possession Any contingencies that must be met before the sale is finalized.

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HomeLight

SEPTEMBER 1, 2022

As far as home styles go, new construction is trending toward a country style, says Raymer. Get creative with your offer — you may want to offer a larger earnest money deposit, schedule a quick closing, or even consider letting the seller rent the house back from you for a certain period of time. Closing date.

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RIS Media

MAY 19, 2021

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. Perhaps the seller needs some time to fix up the home before it is ready for the market or it is new construction.

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The Residential Specialist

AUGUST 31, 2023

Experts offer strategies to help clients who need to buy their next home before the sale of their original home is final By Myrna Traylor There are many reasons why a seller might want to secure the purchase of a new primary home before selling their current residence. I just did that for a transaction we closed on yesterday.

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