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Qualia launches wire fraud protection product

Housing Wire

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.

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The tough market mindset: Compete or combine forces?

Housing Wire

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.

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JetClosing expands to Austin housing market

Housing Wire

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.

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5 tips for buying a home in a seller’s housing market

Housing Wire

Need a real estate agent? Work with an experienced agent. Having a great real estate agent can give you the upper hand in a seller’s market. Thanks to their experience and expert negotiation skills, agents can also help you submit a more competitive offer when you do find that dream house. just this year.

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What is a home appraisal gap?

Housing Wire

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.

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How to Protect Your Earnest Money When Buying a House

HomeLight

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%.

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What Is a Mortgage Contingency? Purchase Offer Protection

HomeLight

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.