Remove Earnest money deposit Remove Rent back Remove Title
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Closing on a House Checklist: 6 Things Home Buyers Must Do Before They Move In

Realtor.com

If the appraised value is less than the sale price, the contingency enables you to back out of the deal without forfeiting your earnest money deposit , says Bishoi Nageh , president of the Petra Cephas Team at Mortgage Network Solutions, in Somerset, NJ. Clear the title. Plan to sign a ton of paperwork.

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

HomeLight

Your buyer’s agent will be able to help you create a wishlist , set up viewing appointments for you, tell you more about what’s going on in the neighborhood, negotiate on your behalf, and connect you with other vendors such as a title company, insurance agent, and home inspector. What is their timeline and what will make our offer stand out?”

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What Is a Home Sale Contingency?

HomeLight

Appraisal Contingency: If the appraisal fails to meet or exceed the purchase price, the buyer can back out of the contract (or, more often, renegotiate the purchase price). Title Contingency: If the title inspection reveals problematic issues, the buyer can insist upon remedies from the seller or walk away from the purchase.

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16 Tips to Win a Bidding War on a House

The Close

Offer a Sizeable Down Payment Make a big impression by offering a large earnest money deposit (EMD) to hold the contract. That could be a pretty sizable chunk of money from the seller’s profit. Additional concessions could be: Paying for title: This typically ranges from 1% to 2% of the home’s purchase price.

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Big-City Convenience with Small-Town Charm: How to Buy a House in Arlington

HomeLight

Arlington offers an active lifestyle with more than 150 public parks and playgrounds and 80 miles of trails, earning the title of America’s Fittest City. Rent a bike from Capital Bikeshare to explore the metro D.C. Offer a rent-back clause to the seller. Source: (James Quinn / Unsplash). Arlington is fit for life.