Remove Construction Remove Earnest money deposit Remove Pre-approval Remove Proof of funds
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Navigating Bidding Wars During a Hot Real Estate Market

RIS Media

– New Homes: New homes that are under construction may have buyers that fall through. If the listing agent is allowed to disclose the other offers, make sure to obtain written approval from the seller before discussing this. Bolin suggests that the higher earnest money deposit your client makes, the more the offer may stand out.

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

The Close

If your clients are concerned about getting approved for a loan, you can remind them that a co-borrower agrees to back the borrower in a mortgage loan. It’s essentially the idea that if you invest your returns into more investment, that money multiplies. Construction loan. Earnest money deposit. Contingency.