Agents Closing costs Due diligence Earnest money deposit 
Redfin
MARCH 12, 2021
As you close in on making an offer on a home, your real estate agent – or the seller’s agent – will ask about “earnest money.” Earnest money is a type of security deposit, also known as a “good faith” deposit, offered to show the seller of a home that you’re serious about purchasing the property.
Realty Biz
SEPTEMBER 14, 2023
Facilitating the Transfer of Funds Large sums of money are involved during the purchase, including down payments, earnest money deposits , and closing costs. Start by seeking recommendations from trusted sources such as friends, family, or real estate agents who have previously worked with attorneys.
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HomeLight
JUNE 23, 2022
If a seller terminates the contract outside of these contingencies , they typically must forfeit the buyer’s earnest money and — depending on the circumstances — may even be required to pay additional money damages and face other possible repercussions for breach of contract. Well, then they lose the earnest money.
HomeLight
APRIL 19, 2021
Condos cost 30% more on average than co-ops,” says Dylan Hoffman , a local agent with over 19 years of experience, who’s sold 37% more properties than the average New York agent. Closing costs can range from 2.5% A top agent will help you remain competitive even in a cash market. million in condos.
HomeLight
JULY 26, 2022
But this sign looks different from the real estate agent signs you usually see and it lists the homeowner’s contact information. A “for sale by owner,” or FSBO (pronounced “fizz-bo”) home, is a home that is being sold by its owner who hasn’t hired a listing agent. You’ve found yourself a FSBO home. What is a FSBO home?
HomeLight
AUGUST 9, 2022
As we mentioned, your lender will need to see that you do actually have the money as part of your loan approval process — a current bank statement will usually suffice — but you won’t need to transfer it out until closing day. Real Estate Agent. Real Estate Agent at Berkshire Hathaway HomeServices, PenFed Realty Texas.
HomeLight
OCTOBER 30, 2020
All-cash offers are beloved by sellers and real estate agents alike — and they’re more than three times as likely to be chosen from the pack. But is the cash closing process always seamless? A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close.
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