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Reply to "Earnest money in MD - where do buyers come up with 5-10% before selling their previous home?"
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[quote=Anonymous]We've just closed on a house in the 1.4m range after looking at probably over 50 properties in the MoCo area. At this price range it's a buyers market and don't let your agent tell you otherwise. Things are taking a long time to sell, and only prestine new or completely renovated homes that are fairly priced are selling in <60 days. Even then, hardly saw any competitive situations. Completely different in the <850k end where everyone has cheap and easy conforming loans and smaller down payments - here I can believe 5% EMD because things are competitive and move fast.[/quote]
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