Housing Wire

FEBRUARY 9, 2021

A homebuyer’s guide to a competitive housing market. There’s a chance they may be willing to accept a lower offer on the home — especially if they’ve already moved out, bought another property or it’s a buyer’s market and there’s little demand for the property. But what does it mean for you as the buyer? One more option.

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Maximum Exposure Real Estate

AUGUST 3, 2022

When buying a home, the vast majority of the time you will be required to put up earnest money or good faith deposit. The typical earnest money amount is between one to five percent of the purchase price. […].

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Housing Wire

SEPTEMBER 25, 2020

And FNF is now expanding its startSafe offerings by allowing consumers to deposit their earnest money through the portal. The company said new features, like the mobile earnest money deposit, make the process of starting a real estate transaction more convenient and safe.

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BAM Media

MARCH 5, 2025

March is here, and we all know what that meanscompetition in the real estate market is about to heat up. Spring brings out more buyers, and with inventory still tight in my market, multiple-offer situations are the norm. The bigger the deposit, the stronger the commitment. This strategy alone has won us deals in tight markets.

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RIS Media

OCTOBER 22, 2020

As the real estate market continues its hot streak, homes are selling faster and receiving more offers than ever before. But if your market is like Bolin’s, where a home can sell within a day of being listed, then you may have to explore some even more proactive options to find your client a home. Finding Homes for Your Clients.

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Realtor.com

DECEMBER 3, 2020

Your earnest money deposit was too ‘cheap’ If there’s one part of the offer you shouldn’t cheap out on, it’s the earnest money deposit. And if you need multiple contingencies, that’s fine; but look for a home that’s been on the market for at least 30 days.”.

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Easy Agent Pro

SEPTEMBER 5, 2023

In today’s competitive real estate market , bidding wars have become common. Here, we’ll explore several novel yet effective ways of outwitting competition and increasing your chances of successful bidding in competitive markets. Start by researching the current market conditions where you intend to buy a property.

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Redfin

MARCH 11, 2025

Youre using a no-down-payment loan If youre financing with a VA loan or USDA loan, which dont require a down payment , your entire earnest money deposit can go toward closing costs instead. Example: Youre buying a home with a VA loan, and your earnest money deposit was $5,000.

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Dwell Real Estate

JULY 10, 2020

The earnest money deposit—the cash you as a buyer offer to essentially call dibs on real estate—is one of the most important (and often misunderstood) parts of the home-buying process. In the Sarasota area, home buyers will usually put down anywhere from 1 to 5 of the real estate purchase price as earnest money. (If

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Dwell Real Estate

JULY 10, 2020

The earnest money deposit—the cash you as a buyer offer to essentially call dibs on real estate—is one of the most important (and often misunderstood) parts of the home-buying process. In the Sarasota area, home buyers will usually put down anywhere from 1% to 5% of the real estate purchase price as earnest money. (If

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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. Get Started What’s earnest money?

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BAM Media

FEBRUARY 21, 2025

Very rarely do people log on thinking, I really hope I learn something about earnest money deposits today! Instead of simply defining earnest money deposits, share a real-life scenario or article of someone losing theirs, and what could have prevented it. Think about why you open Instagram. Tell a story.

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HomeLight

JUNE 23, 2022

However, if the buyer terminates the contract for any other reason not specified in these conditions, the seller is typically entitled to keep the earnest money as a concession for the time they took the home off the market to enter into the exclusive agreement. Is earnest money refundable? Years of Experience.

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HomeLight

JANUARY 19, 2024

This means that if you are unable to obtain the full and proper financing within a specified period, you can back out of the deal without penalty, which in most cases means you can retain your earnest money deposit. This could mean not getting the home you want, especially in an active seller’s market.

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HomeLight

JUNE 29, 2022

According to Chester Ardolino , a real estate agent in Springfield , Massachusetts, the time to think about your top priorities as a seller is before the house hits the market. Some of us in the business have been calling this the ‘name your price’ market,” Ardolino says. But markets change, and sellers need to be prepared. “It

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HomeLight

SEPTEMBER 11, 2020

Even a pandemic failed to slow down the 2020 real estate market. Yes, writing a high offer will incentivize the seller, but money isn’t the only factor! Does that mean a cash offer in your market? Are you interested in a property that has been on the market for some time? Determine how much earnest money to offer.

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CT Homes

AUGUST 31, 2020

In many markets the reality may tell a different tale. Unless there is a massive earnest money deposit, they may be able to walk away if they find a property they like more while risking little. The best way to deter “shotgun” bidders is to increase the earnest money deposit.

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RIS Media

APRIL 1, 2021

The Spring 2021 market is hot and competitive! – Loss of Earnest Money Deposit (EMD) and other financial liabilities. So should your clients submit an offer with no contingencies to maintain an edge over competing offers? Here’s a look at the pros and cons of removing contingencies early: Pros.

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RIS Media

MARCH 16, 2021

FinTech Breakthrough , an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market, recently announced that Earnnest has been selected as winner of the “Best Consumer Payments Company” award in the fifth annual FinTech Breakthrough Awards program.

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HomeLight

JUNE 28, 2023

Step One: Talk to a Top Buyer's Agent A top buyer’s agent can help you make the best offer on that home you love and protect your earnest money. Tell us a little bit about your plans, and we’ll connect you with trusted agents in your selected market. Get Started What is earnest money in real estate?

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CT Homes

NOVEMBER 24, 2020

Unless you’ve seen the tactic before and know how to prevent it, buyers may take advantage of their Earnest Money period to complete their due diligence. Low Earnest Money Deposit. You can always counter inspection days to whatever timeline you feel fair! Unusually High Offers.

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RIS Media

JULY 20, 2021

New members of the RE/MAX Approved Supplier program include: 1800BusinessCards: A full-service online printing company offering a wide variety of printed marketing products, including business cards, postcards, flyers, door hangers, letterhead, envelopes and a variety of other common printing products.

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Realtor.com

JUNE 17, 2021

“The willingness to live farther away from work is really a combination of affordability, especially in this market, and quality of life.” In a nod to the uber-competitive housing market, they were also significantly less likely to search for things like “remodeled” homes, granite countertops, and theater/media rooms.

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Real Trends

NOVEMBER 3, 2022

To date, Opendoor Exclusives is available in the Austin and Dallas-Fort Worth metropolitan areas, but the company plans to roll it out in other markets.). In addition, Opendoor says that homebuyers may back out of the purchase at any time and receive a full refund on their earnest money deposits.

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Realty Biz

APRIL 17, 2023

You must put up an earnest money deposit when you buy a home. The purpose of earnest money is to show you're serious about buying. Many people refer to earnest money as a good-faith deposit. Earnest money deposits can be used as leverage in negotiations.

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Realty Biz

MAY 24, 2022

Because your buyer is saying it is about not taking out a mortgage at today’s interest rate, I’m thinking the earnest money is what you will primarily get from a failed sale of your house. You did get an earnest money deposit, didn’t you? I ended up keeping the earnest money on the very first house that I sold.

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HomeLight

JULY 12, 2024

Home appraisal: Assessing the property’s market value to ensure it aligns with the purchase price. Escrow account while buying a home During the homebuying process, an escrow account holds the buyer’s earnest money deposit, which is sometimes referred to as a good faith deposit.

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RIS Media

OCTOBER 5, 2021

Millennial buyers are being squeezed out of the market as prices continue to climb. He also noted that the price gains are likely cooling down along with the heated competition for listings as the market settles, providing better buying opportunities for folks still in the market. We’ve all seen the headlines.

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HomeLight

SEPTEMBER 16, 2022

The home will revert to “option pending” on the market and sellers can only accept backup offers during this time. A typical fee ranges between $100 and $500+ , determined by the market and negotiated terms, and is due three days after the contract’s start date. “The Conditions of the market ( buyer’s market versus seller’s market ).

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HomeLight

JANUARY 3, 2024

After you open escrow and the buyer submits a good faith earnest money deposit, some or all of the following contingencies may need to be addressed: The financing contingency will appear in contracts where a buyer needs to finalize a mortgage loan to purchase the home. It creates uncertainties, especially for anxious sellers.

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Realtor.com

OCTOBER 29, 2020

Appraisal contingency: With this contingency, a third party hired by your mortgage lender evaluates the fair market value of the home.

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HomeLight

JULY 26, 2022

For sellers in neighborhoods with many recently sold homes, it can be easier to determine what their asking price should be based on estimated market value. The housing market can also play a role in the seller deciding to sell the home themselves. One of the benefits of hiring a listing agent is their marketing expertise.

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Realty Biz

DECEMBER 5, 2022

The crazy hot seller's market forced many home buyers into forgoing their inspection. Things are starting to change in many real estate markets around the country. Instead of markets dramatically favoring sellers, they are becoming more balanced. The buyer can have their earnest money deposit returned when this happens.

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Realty Biz

JULY 17, 2022

Depending on the type of real estate market you are likely to see different clauses added to a real estate contract. When the real estate market favors sellers home sale contingencies almost become extinct. In hot markets there would never be a need for a seller to even considered a home sale clause.

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Point2Homes

JANUARY 31, 2023

Making an attractive offer is crucial, especially in a hot market. Finally, research the local market when you’ve found the home you want to buy. The following tips will put you ahead of the competition, especially in a hot market, and give you a great chance of sealing the deal. This is especially true for closing dates.

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Point2Homes

OCTOBER 20, 2021

The appraisal ensures that the lender is not lending more money than the actual property is worth. However, in hot real estate markets, some buyers may choose not to put appraisal contingency language in the contract in hopes of making their offer more attractive to the seller. Why Sellers Should Understand Home Appraisals.

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HomeLight

OCTOBER 1, 2020

You now have skin in the game in the form of your earnest money deposit, plus you have a legal duty to buy the home (barring certain circumstances). All in all, contingencies can protect you and your earnest money deposit if certain conditions of the contract aren’t or can’t be met. Appraisal contingency.

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