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If a seller gets an offer they discover appropriate; they are under no obligation to wait to see if other bidders will come in higher before accepting the deal. When you deal with several offers when selling your home, having an agent on your side is important. When making an offer, buyers often include a set of conditions that, if fulfilled, would enable them to back out of the deal. Some deals, like loans backed by the government from FHA, VA, and USDA, can take up to 60 days because the purchaser requires to reveal more paperwork. The lending institution sends out the buyer a closing disclosure 3 days before closing, which he should review in conjunction with the loan price quote he received earlier. If a seller receives an offer they discover appropriate; they are under no responsibility to wait to see if other bidders will come in greater before accepting the offer. When you deal with multiple deals when selling your home, having a representative on your side is important. The Earnest Money Deposit (EMD) is the sum of cash the purchaser is prepared to pay at the time the sales agreement is signed to show that he or she is serious about buying your home. When making a deal, buyers often include a set of conditions that, if met, would allow them to back out of the offer. Some offers, like loans backed by the federal government from FHA, VA, and USDA, can take up to 60 days due to the fact that the buyer needs to show more documentation.
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