As-is Earnest money deposit Inspection contingency Pre-approval 
Dwell Real Estate
JULY 10, 2020
The earnest money deposit—the cash you as a buyer offer to essentially call dibs on real estate—is one of the most important (and often misunderstood) parts of the home-buying process. In the Sarasota area, home buyers will usually put down anywhere from 1 to 5 of the real estate purchase price as earnest money. (If
Dwell Real Estate
JULY 10, 2020
The earnest money deposit—the cash you as a buyer offer to essentially call dibs on real estate—is one of the most important (and often misunderstood) parts of the home-buying process. In the Sarasota area, home buyers will usually put down anywhere from 1% to 5% of the real estate purchase price as earnest money. (If
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HomeLight
JANUARY 3, 2024
It means the buyer and seller have agreed to the terms of the contract, such as the price, the closing date, the personal property, the earnest money, tax preparation, and contingencies.” What contingencies might be attached to ‘under contract’ listings? Get Started What does ‘under contract’ mean?
Realty Biz
AUGUST 22, 2022
In my eagerness to buy my first home, I made a full-price offer with the only continency being that my mortgage was approved. I didn’t even include an inspection contingency. I’m almost certain that your biggest concern is about what will happen with your earnest money if you back out of the deal.
The Close
FEBRUARY 6, 2024
Ensure Your Client Has Loan Pre-approval Many sellers are anxious to get to the closing table quickly, which drives many to cash buyers , even for a lower price. Also, understand the difference between a prequalifying and a pre-approval letter. They thought I was a genius—which, of course, I am.
Realty Biz
NOVEMBER 11, 2020
For example, if a home sale is contingent or pending, can you still make an offer? Let’s take a closer look at the meaning of contingent , so you can see how it might affect a home you are looking to buy. For example, some agents will mark your home contingent, while others will mark pending. What does Contingent Mean?
The Close
SEPTEMBER 10, 2020
Make Sure You Have a Proper Approval Letter From a Reputable Lender. At the first meeting with your buyer, help them understand the differences between a basic pre-approval and a full approval and how it strengthens their offer. Include an As-is Home Inspection Contingency. CALL the Listing Agent.
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