competing offers: Will More Earnest Money Help You Win with the Sellers?
- 06/29/21 11:31 AM
Will more earnest money help you win if you are competing for a home? Maybe. It certainly could not hurt! Earnest money is also considered an act of good faith and it is typically around 1% of the purchase price or more. Every state and area is unique, so it is best to ask your REALTOR!
The fact remains that many communities have a shortage of supply and a continually increasing demand with low interest rates and the rising costs of renting. There are more buyers than ever looking for their piece of the American Dream of owning a home! And with (4 comments)
Whether you are relocating from another state or you are moving within the market area, there is always some adjustments to be made! My focus is on the well-being and safety of your family. A house is very important, but making the Cedar Rapids area your home takes a little more effort. My clients call me long after the closing for advice on a veternarian for their new puppy or the best daycares in the area. Meeting new people is always fun for me and I love my job! Call me if you would like to know what your home is worth in the current market or if you think that you might want to move up to another home somewhere else. We will miss you, but I will happy to get you on your way to your next adventure as quickly as possible!