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Earnest money deposit

MLS

Rent back

What Is a Home Sale Contingency?

HomeLight

MARCH 20, 2023

The house stays on the market and it’s marked in the MLS as an active first right. At that point, the buyer can either drop the home sale contingency and purchase the house outright, or they can back out of the deal. Offer a larger earnest money deposit. Money talks! Offer over asking price.

Home sale contingency

105

Home sale contingency Purchase and sale agreement Sales Earnest money deposit

105

16 Tips to Win a Bidding War on a House

The Close

FEBRUARY 6, 2024

Offer a Sizeable Down Payment Make a big impression by offering a large earnest money deposit (EMD) to hold the contract. It is essential to note that canceling after the inspection may result in losing the Earnest Money Deposit (EMD). A seller could just end up choosing one of the offers handed in.

Pre-approval

Pre-approval Earnest money deposit Inspection Inspection contingency

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