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.

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Earnest money deposit Proof of funds Due diligence Title 98

Redfin

JUNE 21, 2023

From relationship building to conducting due diligence, you’ll be equipped with the knowledge and strategies to enter the world of real estate investing and buy your first investment property with ease. If so, you’re in luck because this Redfin article is tailor-made just for you. Let’s get started!

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HomeLight

OCTOBER 17, 2022

DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes only, not legal advice. If you need assistance navigating the legalities of what to include on the Georgia seller’s disclosure form, HomeLight always encourages you to reach out to your own advisor. What is a seller’s disclosure? Find Agent.

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Purchase and sale agreement Due diligence Earnest money deposit Inspection 96

Realty Biz

NOVEMBER 11, 2020

They will also get their earnest money deposit back , and the home will go back on the market. Lenders don’t want to loan more money than the property is worth since this will leave them in a losing position if the home goes into foreclosure. You’ll see an explanation of both a little bit later.

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Backup offer Sales Home sale contingency Earnest money deposit 110

HomeLight

APRIL 19, 2021

to as high as 6% of the sale price, so be sure to leave room in your budget for your attorney and real estate agent, as well as for filing fees and other required deposits. It’s no surprise that in a city with more millionaires than any other place in the world , the most desirable properties can go to contract in a matter of days.

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Earnest money deposit Due diligence Inspection Agents 63

HomeLight

OCTOBER 30, 2020

Suddenly, you have less money than you realized. Another issue that can come up is when a buyer wires money to the wrong account (imagine the horror!). And unfortunately, in some cases, the money may not be recoverable, putting the deal in jeopardy entirely. .” But is the cash closing process always seamless? Not always!

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HomeLight

APRIL 30, 2021

Then it’s a matter of completing your due diligence: clearing the home’s title , getting a home inspection , confirming the home’s price (through an independent appraisal, if you choose), and closing the transaction. Because of the due diligence involved with issuing mortgages, it takes a lot longer to close on a home with one.

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