HomeLight

SEPTEMBER 30, 2020

The HUD Home bid package includes a sales contract , an addendum regarding lead-based paints, an earnest money deposit of 5% through cash, cashier’s check, money order, or letter of credit, and a forfeiture of earnest money deposits document. How does bidding work? Source: (Flipboard / Unsplash).

Earnest money deposit

The Residential Specialist

FEBRUARY 27, 2024

One growing form of fraud, according to Veach, involves people posing as potential buyers with the intent to steal confidential banking information during money transfers. She also personally experienced an attempt to pull a bait-and-switch with deposits. They’re contacting you through WhatsApp, or they message or text you,” she says.

Earnest money deposit

CT Homes

OCTOBER 30, 2020

Not only can you control the transaction but you can save money on commission, putting more money in your pocket. Remember: accepting an offer that doesn’t end up closing not only wastes your time, and potentially money, but deters you from negotiating with real buyers who are legitimately qualified.

Earnest money deposit

HomeLight

JULY 31, 2021

The bills are stacking up or perhaps you lost some income recently, and the money tied up in your home would help a ton at a time like this. turn four walls and a roof into money in the bank, without the need for inconvenient showings, nail-biting appraisals , or a 50-day closing. What you have is a house. What you need is cash.

Earnest money deposit

Realtor.com

APRIL 30, 2021

To afford the $650,000 home, Leonard opted to use his cryptocurrency investments to cover a down payment and as proof of funds for the mortgage he took out to buy the home — he opted for a mortgage, rather than buying the home outright, because of the low interest-rate environment. But then his ideal home came on the market.

Earnest money deposit

Redfin

AUGUST 29, 2024

As interest rates are dropping , now may be the time to buy a house. From dreaming about your future home and what neighborhood you want to call home to touring properties and finally moving in, there’s a lot of excitement about beginning the homebuying process. Long-term goals Do you plan to live in an area for at least five years?

Earnest money deposit

HomeLight

MAY 24, 2022

If you only pay cash for the down payment, and take out a mortgage for the remainder of the purchase price, it keeps more money in your pocket. But other than reaching the closing table faster with cash, another advantage to a cash offer is that it saves you money long-term. Why pay cash for a home? Why does it take this long?

Purchase and sale agreement

HomeLight

APRIL 30, 2021

If you’re using cash, you’ll have to show proof of funds with your offer. According to Jessica Sanchez, Head of Mortgage Operations at HomeLight Home Loans , this due diligence is two-fold: the lender also needs to check out both the borrower and the property to make sure it’s safe to lend money for the home purchase.

Due diligence

Dwell Real Estate

JANUARY 30, 2020

When an offer is submitted, seller's prefer to see proof of funds and/or a pre-qualification letter to be sure they are dealing with a qualified buyer. Submitting the proof of funds or pre-qualification letter with the offer makes you a stronger buyer in the eyes of the seller. Season is officially upon us.

Pre-qualification

HomeLight

MARCH 16, 2023

The newbie with little experience doesn’t have the money to keep it long term. It takes a lot of money to fix the house and keep it with holding and carrying costs,” Ramcharitar points out. Need to Sell Your House Fast in Houston? Receive your offer within a week and close in as little as 10 days. Available to sellers in Texas.

Sales

The Close

FEBRUARY 14, 2024

So, let’s turn up the brightness and shed some light on the real estate industry. Setting the Right Expectations Myth #1: Going With the First Buyer Is Rarely the Best Choice After navigating hundreds of real estate deals, I can confidently say that your first offer is nearly always the best. This is one of the top blunders your sellers could make.

Pre-approval

The Close

JULY 25, 2024

Are you ready to become a master of the art of writing compelling home offer letters as a buyer’s real estate agent? It’s all about bringing the buyer’s offer to life, capturing the seller’s attention, and opening the door to negotiations. I’ll let you answer that question yourself.

Earnest money deposit

The Close

DECEMBER 29, 2022

Since an ARM’s interest rate fluctuates over time depending on various market factors, there are some experts who believe they save borrowers money in the long run. And now we present the 131 real estate terms you need to know—and be able to define for clients—in 2023: 1031 Exchange. Active contingent. Sure, deals can fall apart.

Purchase and sale agreement