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. Im talking about those generic educational videosthings like 5 Tips for First-Time Homebuyers, What Is a Balloon Mortgage? If rates drop, dont just post a What Is a Mortgage Rate?

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Earnest money deposit Pre-qualification Pre-approval Agents 52

GeekEstate

AUGUST 19, 2021

Since fraud tends to occur at times where money is being transferred , whether it’s an earnest money deposit or other closing costs, it’s time we look outside of old school methods and embrace technology to keep our personal information and money safe. Revolutionary Technology in Real Estate. We built Paymints.io

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The Living Room

MAY 2, 2025

Securing Financial Backing: Early engagement with a lender to understand your mortgage options and get pre-approved is crucial. Consider flexibility on closing dates, a solid earnest money deposit, and minimal contingencies to appeal to sellers.

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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.

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Redfin

FEBRUARY 18, 2025

Can you roll closing costs into your mortgage? Your lender can explain their specific policies, the rules around this practice, and which costs are eligible to be rolled into the mortgage. Your lender can explain their specific policies, the rules around this practice, and which costs are eligible to be rolled into the mortgage.

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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. Require a sizable earnest money deposit.

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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. Get preapproved for a mortgage. Hire the right agent. Set your budget limits.

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HomeLight

JANUARY 24, 2024

In this guide, we’ll break down the mortgage contingency date vs. the closing date, and how contingencies can impact your journey to homeownership. Find a Top Buyer’s Agent to Guide You HomeLight can connect you with a top-rated real estate agent familiar with mortgage contingencies and home listings in your area.

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Point2Homes

OCTOBER 6, 2020

However, when it comes to mortgages, cash can suddenly lose its appeal. Specifically, if you’re hoping to use cash that was deposited into your bank account to contribute to the down payment, you might want to reconsider. That’s because using cash for home deposits could look like fraud and affect your chances of getting a mortgage.

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HomeLight

JUNE 28, 2023

You’re likely weighing your resources to make certain you’ve planned properly for a down payment, closing costs, and a monthly mortgage payment. But the first financial step toward making it all happen is presenting an offer with earnest money. For most Americans, buying a home for the first time is a financial balancing act.

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CT Homes

AUGUST 31, 2020

Most lenders or mortgage companies will issue a pre-qualification letter after reviewing the credit report and taking verbal information on income, assets and employment. Unless there is a massive earnest money deposit, they may be able to walk away if they find a property they like more while risking little.

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Earnest money deposit Pre-qualification Pre-approval Inspection 105

Realtor.com

OCTOBER 29, 2020

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. Appraisal contingency: With this contingency, a third party hired by your mortgage lender evaluates the fair market value of the home.

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HomeLight

JULY 12, 2024

There will be a lot happening that involves money you’ve saved and money you’re borrowing. You’ll hear your lender and real estate agent use the phrase “house in escrow.” Buyer financing and insurance: Securing a mortgage and obtaining homeowner’s insurance. What is an escrow account in real estate?

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Point2Homes

NOVEMBER 29, 2022

The earnest money deposit. Generally, these are detailed in the conditional offer and may relate to a favorable home inspection , the go-ahead for taking out a mortgage and clear title checks. This will generally come into action once mortgage payments start for a homebuyer. Property deeds. Title checks.

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HomeLight

JULY 31, 2022

One of the first steps is to pick a real estate agent to work with. But what if you decide that you don’t want to work with a buyer’s agent to buy your home? Well, welcome to your step-by-step guide to buying a home without a real estate agent. You’ve decided it’s time to buy a house ! Find a lender you can trust. Find a home.

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Redfin

JUNE 27, 2025

Key Takeaways: Shopping mortgage rates, reviewing your credit report, and looking into first-time home buyer programs can improve your financial situation and increase your choices. Even a small difference in your mortgage rate can really add up over the life of the loan, so it’s worth your time to shop around.

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Realty Biz

MAY 24, 2022

Home agents are sending pens to customers signing a contract to buy a new home. We decided to sell our house as “for sale by owner” to save the agent’s commission. Because it was not written by a professional real estate agent, the contract could have almost anything it. You did get an earnest money deposit, didn’t you?

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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?

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HomeLight

JANUARY 12, 2024

Find a Top Agent With Experience in Contingency Offers If you need to make an offer on a home with contingencies, you’ll want a top agent by your side who can avoid pitfalls and secure the home you want. We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs.

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HomeLight

JANUARY 3, 2024

Find a Top Agent With Experience in Contingency Offers If you need to make an offer on a home with contingencies, you’ll want a top agent by your side who can avoid pitfalls and secure the home you want. We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs.

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HomeLight

MARCH 2, 2023

If you’re shopping for a home in San Diego, a trusted buyer’s agent is a key member of your team. HomeLight analyzes millions of transactions and thousands of reviews to find you a proven, top-performing agent in just under two minutes. Find a Buyer's Agent What will it cost to buy a home in San Diego?

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Rochester Real Estate

NOVEMBER 5, 2015

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! Below you’re going to find some incredible recaps of home financing and mortgage blogs that have been published during 2017.

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HomeLight

AUGUST 11, 2023

Find a top real estate agent near you We analyze millions of home sales to find real estate agents that sell homes faster and for more money. Does the buyer meet the minimum down payment requirement for their mortgage? It takes just two minutes to match you with your personalized recommendations.

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HomeLight

SEPTEMBER 1, 2022

With the help of top agent David Landau , who works with 68% more single-family homes than the average agent in Newtown, Connecticut , we’ve put together a comprehensive guide that breaks down all the ins and outs of buying a house in the Constitution State. Get preapproved for a mortgage. Steps to buying a home in Connecticut.

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Realty Biz

MARCH 9, 2021

The extremely low mortgage rates that are advertised on TV, radio, and the internet are typically reserved for people looking to buy a home that they plan to occupy as their main residence. For this reason, Fannie Mae has offered the Family Opportunity Mortgage program to help people in these situations.

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HomeLight

SEPTEMBER 1, 2022

We researched everything you need to know about buying a house in Florida, and spoke with top agent Maria Raymer , who works with 67% more single family homes than the average agent in Jacksonville, Florida , to get expert insight into the steps required for buying a home in Florida. Get preapproved for a mortgage.

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Realty Biz

DECEMBER 5, 2022

The buyer can have their earnest money deposit returned when this happens. Here are the steps you need to take: Meet With Your Real Estate Agent to Review The Inspection Report. Once the report from your home inspector has been obtained, send a copy to your real estate agent. Best of luck with your purchase!

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HomeLight

SEPTEMBER 30, 2020

The Federal Housing Administration (FHA) is part of HUD’s Office of Housing, and it guarantees certain mortgage loans for lenders by providing mortgage insurance on loans for borrowers who may not qualify for a conventional mortgage ; the lenders in turn provide those mortgages to homebuyers. Pretty big perks!

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HomeLight

OCTOBER 1, 2020

You now have skin in the game in the form of your earnest money deposit, plus you have a legal duty to buy the home (barring certain circumstances). For example, if you can’t get a mortgage for the home, it’s unlikely you’ll be able to fulfill your end of the contract; without a mortgage, you can’t pay for the house.

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HomeLight

AUGUST 31, 2021

It serves as a record showing how all the money has changed hands line by line. It details the funds owed to real estate agents collecting commission from the sale, local governments owed taxes and recording fees, and final charges going to the lender. Let’s say the buyer put down a $7,000 earnest money deposit on a $100,000 home.

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HomeLight

MARCH 6, 2023

With the help of top Bay Area agent Carl Medford , who has 22 years of experience and specializes in helping first-time homebuyers, we’ve put together a comprehensive guide that breaks down all the ins and outs of buying a house in the Bay Area. The amount of financial assistance available depends on the type of mortgage loan you use.

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Point2Homes

JANUARY 31, 2023

With a budget in place, your next step should be to get pre-approved for a mortgage. So, take your time and ask your real estate agent for advice. You can easily find templates online, or your real estate agent can supply one. Once again, a good real estate agent or lawyer can assist with the negotiations.

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RIS Media

AUGUST 27, 2020

If you have a spare room in your home, renting it out can be a way to earn extra to pay the mortgage. Whether you are renting a room in your house on your own or hiring a real estate agent, it’s critical that you both understand fair housing laws! If you are still unsure, consult a local real estate agent for their expertise.

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Point2Homes

DECEMBER 23, 2021

As a buyer, you’ll be required to pay a deposit that will go into an escrow account. An escrow agent will oversee this account, releasing the funds to go toward paying for the home if everything goes according to plan. For instance, when a mortgage lender loans money to a borrower, the home is collateral. Buyers Escrow.

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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.

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Redfin

JULY 16, 2024

Navigating the mortgage loan process can be daunting, but breaking it down into manageable steps can help. This guide will walk you through each phase of the mortgage loan process, from pre-approval to post-closing, with examples to illustrate key points. Interview multiple agents to find the right fit.

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Realty Biz

JULY 17, 2022

Most real estate agents would laugh at the thought of seeing an offer with a home sale contingency. More buyers will ask their buyer’s agent to submit a home sale contingency into their offer. The buyer will be given their earnest money deposit that is held in escrow. How Does a Kick-Out Clause Help Buyers?

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