Housing Wire

FEBRUARY 9, 2021

Specifically, they want to be sure it’s worth the money they’re lending you and, most importantly, that they’ll recoup their investment if you default on the loan. In this situation, your lender approves your loan amount without much hassle. When this happens, your lender will only loan you up to the appraised value.

Earnest money deposit 450

Earnest money deposit Seller concession Loans Lending 450

Realty Biz

SEPTEMBER 4, 2023

What it doesn’t take is much money. You only need to put a small amount down as an earnest money deposit, and you get that money back either when the deal closes or if you put contingencies in place for it. Note that you can use the rental income from the other units to help your income qualify for the loan.

Earnest money deposit 85

Earnest money deposit Seller concession Investor Hard money loan 85

Realty Biz

MARCH 27, 2022

If you want to give yourself a better chance of having your offer accepted, making it as clean and straightforward as possible will appeal to the seller. Any proposal full of contingencies or seller concessions isn’t going to look as good. Offer a Larger Earnest Money Deposit.

Purchase and sale agreement 116

Purchase and sale agreement Earnest money deposit Seller concession Finance 116

Realty Biz

APRIL 20, 2022

So if you are only able to get a home loan at 5.25%, you can walk away from the deal with your earnest money deposit. If you need assistance from the seller to pay closing costs, you can add that as one of your offer terms and conditions. Closing Date.

Purchase and sale agreement 105

Purchase and sale agreement Home sale contingency Earnest money deposit Inspection contingency 105

Realty Biz

MAY 24, 2021

What it doesn’t take is much money. You only need to put a small amount down as an earnest money deposit , and you get that money back either when the deal closes or if you put contingencies in place for it. To cover closing costs, negotiate a seller concession. House Hacking.

Earnest money deposit 126

Earnest money deposit Seller concession Investor Hard money loan 126

The Close

FEBRUARY 6, 2024

They only had to finance a small part of the home loan (less than $100,000) after they offered to pay 80% of the list price in cash. That may sound like a lot to add, but when your buyers roll it into their mortgage, it should not change their monthly payment so much that it prevents them from qualifying for their loan.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75