maryland real estate: What Does Low Inventory Mean for HomeBuyers?
- 12/26/21 09:35 AM
Housing Inventory is Historically Low Across the CountryThese are challenging times for homebuyers! When housing inventory is low and demand is high, you face competition for houses. Last week, homebuyers I've been working with for several months now made a very strong offer on a house in a popular location in suburban Maryland. The sellers choose another offer after reviewing 14 other offers! Unfortunately, this is an all-too-common occurrence. How Does A Homebuyer Prepare for this Market? Talk to a lender and learn what options are available for you and your specific financial needs. Can you pay all cash for a property? … (0 comments)
|
maryland real estate: What is an earnest money deposit?
- 11/06/21 05:56 AM
When writing an offer on a property, an earnest money deposit is typically included with the offer. The earnest money deposit or EMD as real estate agents call it shows that you, the buyer are serious about your offer on a property.
This money is a pledge showing the seller you are 'earnest' about your offer.
While not a requirement, it's customary to indicate on the contract that an earnest money deposit is included. In most parts of the country, the earnest money deposit will be between 1% and 5% or more of the purchase price. This money is held in … (4 comments)
|
|
|
|
Housing Inventory is Historically Low Across the CountryThese are challenging times for homebuyers! When housing inventory is low and demand is high, you face competition for houses. Last week, homebuyers I've been working with for several months now made a very strong offer on a house in a popular location in suburban Maryland. The sellers choose another offer after reviewing 14 other offers! Unfortunately, this is an all-too-common occurrence. How Does A Homebuyer Prepare for this Market? Talk to a lender and learn what options are available for you and your specific financial needs. Can you pay all cash for a property? … (0 comments)
;)
;)
;)
