Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles Earnest Money and House Deposits Explained Kyle Hiscock Kyle Hiscock | Greater Rochester NY Real Estate | Pittsford NY Realtor at RE/MAX Realty Group Have questions about buying or selling a home?

Earnest money deposit

The Living Room

MAY 2, 2025

Consider flexibility on closing dates, a solid earnest money deposit, and minimal contingencies to appeal to sellers. Embarking on the journey to homeownership in Portland, Oregon, is an exciting endeavor. A dive into current trends reveals a fluctuating inventory and a premium on well-located, updated homes.

Earnest money deposit

Redfin

MARCH 11, 2025

Key takeaways: Earnest money is a good-faith deposit that shows the seller youre committed. Earnest money is not the same as a down payment, but its usually applied toward your down payment at closing. What is earnest money? Does earnest money go towards the down payment?

Earnest money deposit

Redfin

JUNE 23, 2025

While not required everywhere, it’s an important part of the process in certain markets and is separate from the earnest money deposit. What is the difference between due diligence money and earnest money? You put an offer on a home and it’s been accepted, now the due diligence period begins.

Due diligence

Redfin

AUGUST 5, 2025

Contingent offers protect your earnest money deposit In real estate transactions, once an offer is accepted, buyers demonstrate their seriousness by sealing it with a deposit of earnest money. Sometimes, buyers need more than money to get the deal done. What is a contingency?

Earnest money deposit

Redfin

JULY 30, 2025

In addition to getting pre-approved, having cash reserves prepared for your earnest money deposit and other closing expenses is also one of the top tips for making an offer on a house. In the average market, a typical earnest money deposit is 1-3% of the home’s purchase price.

Earnest money deposit

Redfin

JULY 17, 2025

Earnest money deposit: A higher deposit signals serious intent and financial stability. Key Takeaways: A best and final offer (BAFO) is a buyer’s last chance to make the strongest bid before the seller decides. Sellers usually ask for BAFOs when multiple buyers are interested and want to simplify negotiations.

Earnest money deposit

Redfin

JUNE 27, 2025

Mortgage pre-approval serves several purposes: Determines how much you can afford to borrow Signals to agents and sellers that you’re more reliable Expedites the mortgage application process Locks in an interest rate for that specific period Here’s what to do instead: Take the time to get pre-approved by a lender before starting your home search.

Pre-approval

Redfin

JULY 14, 2025

Walking away from one could cost you your earnest money deposit (typically 1%–3% of the home price), and in some cases, you could even be sued for breach of contract. To protect yourself, work closely with your real estate agent to include appropriate contingencies and timing strategies so you’re not caught in a bind.

Earnest money deposit

Redfin

JULY 21, 2025

Backing out without cause may result in losing your earnest money deposit. If you’re having doubts, want to reassess your finances, or simply change your mind, doing so before any paperwork is signed allows for a clean exit without risking earnest money or triggering legal consequences.

Earnest money deposit

Redfin

FEBRUARY 18, 2025

Specifically, it’s crucial to get a detailed breakdown of closing costs from your lender and/or real estate agent before closing. This means you’ll borrow more money, but you won’t have to pay as much out of pocket at closing. Can you roll closing costs into your mortgage? What kind of costs are included?

Closing costs

Redfin

JULY 10, 2025

When buying a home, understanding earnest money vs. due diligence is key. Earnest money is a refundable deposit held in escrow to show your serious intent to buy, while due diligence fees are usually non-refundable payments made directly to the seller to secure time for inspections and evaluations.

Due diligence

Rochester Real Estate

NOVEMBER 5, 2015

While a 20% down payment is a lot of money to save, making this easier with a gift from a relative or even your employer is possible. Hiring a Real Estate Agent When buying a property, the right buyer’s agent will save you time and, perhaps more importantly, money.

Purchase and sale agreement

Redfin

JULY 9, 2025

Find a real estate agent Estimated time: 1-2 weeks A buyer’s agent is a licensed real estate agent who represents your best interests throughout the home buying journey. Ask for referrals from friends and family, read online reviews, and interview a few agents. What is your commute tolerance? Are there must-have features?

Pre-approval

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles Should I Waive My Home Inspection When Buying A House? Yes, they save money by not getting the home inspection done. (585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P.

Inspection

Redfin

JUNE 12, 2025

Work with your real estate agent to find out if your state or local laws allow for a contractual time limit, and how best to include it in your offer terms. Strong earnest money deposit: A higher deposit signals you’re serious and financially committed; giving sellers more peace of mind. Not at all.

Earnest money deposit

Redfin

JUNE 30, 2025

Key takeaways: In most home purchases, the buyer’s agent delivers the offer to the seller’s agent, who then presents it to the seller If you don’t have an agent, you must submit the offer yourself—ideally with help from a real estate attorney. Buying with or without an agent changes how offers are made.

Earnest money deposit

Redfin

JULY 28, 2025

Similar to your earnest money deposit, these funds are placed into an escrow account, where they’re safely held until the bills need to be paid. >> Read: How Much Money Do I Need to Buy a House? Buying a home comes with a lot of paperwork and numbers that can quickly feel overwhelming.

Earnest money deposit

BAM Media

FEBRUARY 21, 2025

We also do Instagram audits during our BAMx office hours , and one thing I consistently see is agents posting videos that just arent moving the needle. At some point, someone told real estate agents they had to make these types of videos, and they have become a staple in our industrys content strategy. Your audience is the same way.

Earnest money deposit

Redfin

AUGUST 4, 2025

Do your homework before you make an offer Negotiation begins long before you submit an offer. It starts with gathering data and assessing the overall situation. Research the local market Understanding the fair market value of a home is critical. Look at comparable homes that have recently sold in the same area, often called “comps.”

Earnest money deposit

Redfin

JULY 30, 2025

Speak with a real estate agent to help determine if you’re in a good position to begin the homebuying process. >>See: Speak with a real estate agent to help determine if you’re in a good position to begin the homebuying process. >>See: How much money do I need to buy a house? What is a first-time homebuyer?

Pre-approval

Rochester Real Estate

NOVEMBER 5, 2015

(585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. Top Mortgage Blogs From 2017 Best Mortgage & Home Financing Blogs From 2017 We’re back! This week we’re highlighting the best mortgage blogs from this year! Top Reasons Why Home Buyers Can’t Qualify For A Mortgage “Why Can’t I Get A Mortgage?”

Finance

Housing Wire

APRIL 9, 2025

It may be April 2025, but in Bergen County, New Jersey agents say it might as well be the spring of 2021. I have even seen non-refundable earnest money deposits, Joe Tamburo, a Bergen County-based Coldwell Banker Realty broker, said. Every property is going for way over asking with multiple offers. It was crazy.

Earnest money deposit

Housing Wire

OCTOBER 3, 2023

Qualia on Tuesday said the new product provides closing agents with the ability to securely collect and share wire instructions with buyers and sellers, and it features systems for earnest money deposit collection, automated wire matching, wire-sending integrations, wire fraud detection , and seller ID verification.

Earnest money deposit

Housing Wire

MAY 28, 2024

International and Earnnest , a digital app that handles earnest money collections, announced a partnership on Tuesday that is designed to create more seamless and secure real estate transactions. The Earnnest platform offers a user-friendly and fully digital fund transfer process for home purchase transactions. International.

Earnest money deposit

Housing Wire

DECEMBER 18, 2024

Over the weekend, broker-owner Steve Webster sent a note to his agents informing them that the brokerage was closing, according to a report by Boston 25 News. Funds placed in escrow often include things such as earnest money deposits or funds from a seller to help a buyer pay closing costs or their agents commission.

Earnest money deposit

Housing Wire

DECEMBER 10, 2020

JetClosing was built to operate in a fully digital world, so we are well-positioned to help our agent and lender partners adjust to recent shifts in business operations and consumer preferences brought on by the pandemic,” said Matt Rockhold, vice president of sales at JetClosing.

Earnest money deposit

Housing Wire

FEBRUARY 9, 2021

Specifically, they want to be sure it’s worth the money they’re lending you and, most importantly, that they’ll recoup their investment if you default on the loan. Your real estate agent can help if you decide to go this route. If you didn’t have the contingency, you’d have to forfeit your earnest money deposit in order to back out.

Earnest money deposit

Housing Wire

SEPTEMBER 14, 2023

But as much as it’s already a core tenet of real estate, collaboration currently presents a unique new opportunity for real estate agents to evolve the way they work with their buyers and sellers. Without that, you end up with a bunch of disconnected steps, and that’s quickly become overwhelming for agents and brokers.

Earnest money deposit

Realtor.com

DECEMBER 3, 2020

Keep in mind that sellers are looking for a good deal just as much as you are, and you should plan on working with your real estate agent to make sure the sellers at least feel like they’re getting one. Natee Meepian/Getty Images For first-time home buyers, finding the perfect place to settle down is hard enough. But hold on!

Earnest money deposit

GeekEstate

AUGUST 19, 2021

This is only one story of many that has inspired us to make a change in the money transfer process in the real estate industry. are arising that allow larger sums to be transferred making it ideal, safe, and convenient for earnest money deposits, cash-to-close for refinances, and more. Real estate fraud is terrifying.

Earnest money deposit

HomeLight

JUNE 8, 2023

Before you submit your bid, it’s important to understand what an Earnest Money Deposit (EMD) is, how you can use one to strengthen your offer, and how to protect your money should anything come up during your home-buying process. In higher-priced or competitive markets, deposits can reach up to 10%.

Earnest money deposit

HomeLight

JUNE 23, 2022

If you need assistance navigating the legalities of keeping earnest money from a real estate transaction, HomeLight always encourages you to reach out to your own advisor. What is earnest money? Earnest money is often referred to as a “good faith” deposit.

Earnest money deposit

RIS Media

OCTOBER 22, 2020

Keller Williams real estate maverick, Alexis Bolin, joined us this week on a Secrets of Top Selling Agents webinar to discuss what you can do to navigate a hot market and distinguish your client’s offer from the others. Yes, as a real estate agent, you can always find listings that your client may be interested in.

Earnest money deposit

HomeLight

DECEMBER 12, 2023

A common worry among homebuyers is to find the perfect house, put down a deposit with an accepted offer, and then learn that your mortgage application is denied — you lose both the house and your earnest money. The most experienced agents know how to safeguard your earnest money and time.

Earnest money deposit

HomeLight

JUNE 29, 2022

Real Estate Agent. Real Estate Agent at Berkshire Hathaway HomeServices Realty Professionals. According to Chester Ardolino , a real estate agent in Springfield , Massachusetts, the time to think about your top priorities as a seller is before the house hits the market. Chester Ardolino. Chester Ardolino. Years of Experience.

Earnest money deposit

HomeLight

SEPTEMBER 11, 2020

Basic overview: You’ll work with your agent to deliver the offer to the seller’s agent on the forms used in your state. If and when all parties do agree to the terms, your agent will draft a final offer, and all parties will sign it. Hire the right agent. Buyer’s agents, we know the tricks. Set your budget limits.

Earnest money deposit