The Residential Specialist

FEBRUARY 27, 2024

Agents must stay vigilant as fraud and scams become more prevalent in the residential real estate profession By Jason Henninger Anywhere there are financial transactions, the threat of fraud comes with them. She also personally experienced an attempt to pull a bait-and-switch with deposits. But it definitely isn’t enough.

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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.

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HomeLight

FEBRUARY 28, 2021

on the southwestern bank of the Potomac River. According to the Arlington Department of Real Estate’s 2021 market study , residential property values are up 5.6%. The average value of existing residential properties — including condos, townhouses, and detached homes — is $724,400 as of February 2021.

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HomeLight

OCTOBER 5, 2020

Also remember that, although you may be hoping for a discount, the bank is trying to recoup as much of the appraised value as possible. Even when the bank has set an appropriate price for the home, in line with its appraised value, the current real estate market in the area can have an important impact on its eventual sale price.

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HomeLight

APRIL 19, 2021

He also emphasizes the importance of having a complete offer, including a completed REBNY financial form issued by the Real Estate Board of New York , and a preapproval letter from your bank. Bounded on the east by Central Park , the Upper West Side is a primarily residential area and is quieter than some other neighborhoods.

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HomeLight

OCTOBER 29, 2020

This indicates to the seller that you’ve been qualified to secure funding, and proves that you’re serious about buying since you’ve already gone to the trouble of talking with a bank. If you’re obtaining traditional financing, waiving the financing contingency can put your earnest money deposit at risk.

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The Close

DECEMBER 29, 2022

This is when a homeowner turns a deed over to the mortgaging bank to avoid going into foreclosure. Earnest money deposit. Also known as a “good faith deposit,” it’s the amount of money a buyer puts in escrow to show their commitment to purchase a property. Generally, this refers to earnest money funds.

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