As a Tulsa home buyer, if you’re serious about a property you’ve found, you have a valuable tool at your disposal which can help get your offer accepted. I’m talking about an earnest payment. This is, in essence, is a deposit towards a home, and then some; an earnest payment shows how serious you are about purchasing a specific home.
Do you earnestly want the house you’ve made an offer on? Or are you just considering it in case there’s a possible bidding war? Would you mind walking away from $500 if a better house came along? Or is this the home you’ve been dreaming of in the Tulsa or Broken Arrow real estate market? You can show just how earnest you are in your offer with significant earnest payment; and the good news is, provided you do follow through and buy the home, it won’t cost you any extra.
With an earnest payment, a seller receives a measure of assurance that you will not simply change your mind and walk away. They’re taking a risk of losing potential money and time when they have their listing off-market once an offer is made. If a buyer isn’t serious and no earnest payment is made, these losses can add up for a home seller. With a sizable earnest payment included from a home buyer, a home seller is more likely to accept an offer knowing there’s a measure of protection for them.
As a home buyer an earnest payment can also protect you. These payments are made to go towards the final purchase price. If a home seller doesn’t follow through on their part of the offer agreement, you can recall your earnest payment and walk away. This type of situation is contingent on specific criteria not being met; which leads towards the importance of educating yourself in the residential real estate process and working with a Realtor® whom you trust to guide you throughout.
When you’re ready to start the conversation about your needs as a Tulsa home buyer or seller, our goal isn’t just to show you how much we know, but to ensure you know how much we care. Real estate around the Tulsa region including Bixby, Broken Arrow, Collinsville and Glenpool areas is in demand. As a home buyer or seller, you deserve the support of a local, experienced real estate team. For real estate questions, contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9732 or darrylbaskin.com
4706 S. 178th East Ave. Tulsa. $259,000, 5-bedroom with a full suite on upper level, 3-car garage, 3,000 Square feet, Broken Arrow school district.
2748 E. Admiral Blvd. Reduced Price $104,500. 4-bedroom, 2-bath. Value-priced property. Older home with remodeled interior, hardwood floors, and pass through garage.
1013 S. Cypress Ave. New Listing. $274,900- 5-bedroom with master suite on first level, 3-car garage, private lot on cul-de-sac; property borders natural fielded area, no backyard neighbors, 2,000 square feet.
For a complete list of active listings, visit homeguidetulsa.com