Remove Brokerage Remove Earnest money deposit Remove Proof of funds Remove Staging
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11 Homeselling Myths, Debunked

The Close

Still, the car was detailed, professionally photographed, staged, posted online, and syndicated to numerous websites to find a buyer. If it’s a cash buyer, ask to see the pre-approval letter or proof of funds—and even if they have the contact information for their lender or banker.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Earnest money deposit. Also known as a “good faith deposit,” it’s the amount of money a buyer puts in escrow to show their commitment to purchase a property. It could also refer to the managing broker in a brokerage, or the individual who’s ultimately legally responsible for overseeing transactions.