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What is a home appraisal gap?

Housing Wire

Ask for seller concessions to make up for the increased price. Change your closing date to a more convenient one for the seller. If you didn’t have the contingency, you’d have to forfeit your earnest money deposit in order to back out. Your real estate agent can help if you decide to go this route.

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From consultation to closing: The definitive homebuying checklist

Housing Wire

Walk your client through all the pieces of their offer, including price, inspection timelines, closing dates, contingencies and any due diligence or earnest money deposits. Explain how each of these elements can strengthen or weaken their offer through the eyes of a seller.

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Can Closing Costs Be Rolled Into Your Mortgage?

Redfin

Seller concessions (up to 4%) Now, let’s talk about seller concessions. Specifically,when you’re buying a home with a VA loan insurance (or any type of loan, for that matter), the seller can agree to contribute towards your closing costs. This is called a seller concession.

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Creative Ways To Win A Bidding War In A Competitive Market

Easy Agent Pro

Submit Personalized Offer A personalized offer can significantly impact the seller’s decision-making process. Writing an Emotionally Compelling Offer Letter An offer letter lets you communicate directly with the seller and share your story and connection to the property.

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Killer Tips For Negotiating a Home Inspection

Realty Biz

The buyer can have their earnest money deposit returned when this happens. Most of the time, the problems are not significant enough for a buyer to terminate but to either negotiate the price or ask the seller to complete repairs. Most of The Time, Having The Seller Make Repairs is a Mistake.

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8 Ways Home Buyers Can Get Their Offer Accepted

Realty Biz

If you want to give yourself a better chance of having your offer accepted, making it as clean and straightforward as possible will appeal to the seller. Any proposal full of contingencies or seller concessions isn’t going to look as good. Offer a Larger Earnest Money Deposit.

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How to Start Investing in Real Estate with $1,000

Realty Biz

What it doesn’t take is much money. You only need to put a small amount down as an earnest money deposit , and you get that money back either when the deal closes or if you put contingencies in place for it. To cover closing costs, negotiate a seller concession. House Hacking.