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How Much Money Do I Need to Buy a House?

Redfin

Here are the key expenses: Earnest money deposit Down payment Closing costs Prepaid costs (taxes, insurance, interest) Moving costs Mortgage payments Mortgage insurance (if applicable) HOA fees (if applicable) Well use the median U.S. Earnest money deposit Earnest money is paid after a seller accepts your offer on a house.

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How to Buy a House in San Diego: 14 Steps to Close the Sale

HomeLight

Department of Housing and Urban Development (HUD) website to find the FHA loan limit in the county where you’re shopping for a home. While it is not always recommended to completely waive contingencies to impress a seller, you might consider pairing down to just the inspection contingency and financing contingency to remain competitive.

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Your Ultimate Guide to Buying a Home in Connecticut in 14 Steps

HomeLight

SmartMove Connecticut : Connecticut’s Housing Development Fund (HDF) SmartMove program allows first-time homebuyers the opportunity to purchase a home with as little as 1.0% Earnest money deposit amount. Contingencies: Financing, home inspection, and appraisal. Send your earnest money deposit.

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How to Buy a House in the Bay Area: 14 Steps to Close the Sale

HomeLight

Hayward: Buyers looking to get in on a developing neighborhood with lower prices will find that Hayward fits the bill. While it is not always recommended to completely waive contingencies to impress a seller, you might consider pairing down to just the inspection contingency and financing contingency to remain competitive.

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Are HUD Homes a Good Deal? How to Tell If the Properties Are a Fit

HomeLight

The name comes from the US Department of Housing and Urban Development (HUD). The HUD Home bid package includes a sales contract , an addendum regarding lead-based paints, an earnest money deposit of 5% through cash, cashier’s check, money order, or letter of credit, and a forfeiture of earnest money deposits document.

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How to Read a Settlement Statement When Selling a Home

HomeLight

However, the settlement form developed by the trade group ALTA (American Land Title Association) is widely used across the nation for real estate transactions. What is an excess deposit, and who will receive the funds listed on that line? Let’s say the buyer put down a $7,000 earnest money deposit on a $100,000 home.

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7 Creative Strategies to Make Your Offers Stand Out in a Seller’s Market

The Close

The motivation of this first strategy is to gain clarity on the seller’s wants and needs, and also to develop rapport with the listing agent. Include an As-is Home Inspection Contingency. You guessed it: the home inspection. Nail the Offer Price & Earnest Money Deposit. CALL the Listing Agent.