Banks Due diligence Earnest money deposit Proof of funds 
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. But it definitely isn’t enough.
HomeLight
MAY 24, 2022
Even though it’s all cash to the sellers at closing, with a cash offer, “you don’t have to go through the appraisal or the bank approval process — it’s cleaner.”. But other than reaching the closing table faster with cash, another advantage to a cash offer is that it saves you money long-term. Submit earnest money: 1 day.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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. Earnest money deposit.
HomeLight
MARCH 16, 2023
There are just not enough buyers who have a good credit rating and can get bank underwriting,” he says. The newbie with little experience doesn’t have the money to keep it long term. Ramcharitar advises asking for proof of funds such as a bank statement to ensure the buyer has enough resources to cover the price of the home.
The Close
DECEMBER 29, 2022
This is when a homeowner turns a deed over to the mortgaging bank to avoid going into foreclosure. Due diligence period. What if your clients are asking about their due diligence period? Earnest money deposit. This is the amount of a property that a person (not the bank) actually owns.
Expert insights. Personalized for you.
98 
Let's personalize your content