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Is earnest money part of down payment?
Earnest money is put down before closing on a house to show you're serious about purchasing. It's also known as a good faith deposit. If all goes smoothly, the earnest money is applied to the buyer's down payment or closing costs.
People also ask do you lose earnest money if financing falls through?
Once again, if you have a contingency in place that covers a loan falling through, you should get your earnest money back. But if the contingency isn't there, you'll lose that money. Can you put a Buy It Now price on eBay after listing? You can't attach a "buy it now" after the auction is live, its currently in play. You can't switch between a fixed price listing and an online auction with a Buy It Now price. However, in some situations, you can add, edit, or remove a Buy It Now price.
Do bids cancel offers?
The Best Offer option disappears once someone has placed a bid, so the answer to the question is still No, you may not make an offer on an auction when someone else has already placed a bid. My original answer from: The Best Offer option is only available on Fixed Price listings, not Auctions. How do I stop eBay from changing to best offer? Accepted Solutions (1) Yes, but you have to switch listing tools. Click on "Advanced Tool" in the upper right of the page: Click on the Switch button: To remove the Best Offer option, look under Selling Details and uncheck the box:
What is a lowball offer on eBay?
Ok well let me tell you what a ""lowball"" offer is considered to be-anything less than 50% of what you're asking. 50% less is ""lowball"" for most but in order to provide you a yardstick-there it is. Ok it's official. 50% of asking price or less is a ""low ball offer"". Accordingly, can you negotiate on ebay? Because they're local classified ad listings, the items and prices you'll find on eBay Classifieds are naturally open to offers, haggling, and even bartering of various kinds.
Moreover, how do i counter offer a seller on ebay?
If you made a Best Offer on a listing, the seller may come back to you with a counteroffer suggesting another price. Here's how you can respond: Accept and commit to buy ? Select Buy it in the counteroffer message. Negotiate ? Make another offer to the seller. Reject ? Select Reject offer in the counteroffer message.
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