The Residential Specialist

FEBRUARY 27, 2024

Do some digging: “You have to be very careful and do your due diligence when you’re contacted,” says Dallison Veach, CRS, owner of Veach Realty Group in Springfield, Virginia. She also personally experienced an attempt to pull a bait-and-switch with deposits. Further, certain transactions may be more likely to entice crooks.

Earnest money deposit 98

Earnest money deposit Proof of funds Due diligence Title 98

HomeLight

APRIL 30, 2021

A cash offer simply means you have all the money you need to buy the home in cash. If you’re using cash, you’ll have to show proof of funds with your offer. Because of the due diligence involved with issuing mortgages, it takes a lot longer to close on a home with one. Step 2: Deposit your earnest money.

Due diligence 104

Due diligence Finance Proof of funds Earnest money deposit 104

HomeLight

JULY 31, 2021

When looking for properties to buy, he focuses on single- and multi-family homes rather than vacant land or mobile homes because they allow for “value-add.”. Beyond doing your due diligence online, it’s also a good idea to pick up the phone and put a voice to the business. Verification of funds. Earnest money deposit.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

The Close

DECEMBER 29, 2022

Due diligence period. What if your clients are asking about their due diligence period? 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. Proof of funds.

Purchase and sale agreement 97

Purchase and sale agreement Title Proof of funds Pre-approval 97