Closing Earnest money deposit Proof of funds 
Redfin
JULY 14, 2025
The money is held in escrow and is typically applied towards the buyer’s closing costs or down payment. So when can a seller legally keep the earnest money deposit? Failing to deliver required documents (like updated proof of funds or loan pre-approval) by the contract deadlines.
Rochester Real Estate
NOVEMBER 5, 2015
A pre-approval letter must be included, and proof of funds can also help in a seller’s market. If your offer is accepted, you will sign a purchase agreement and pay an earnest money deposit. Don’t apply for new credit that might make your debt-to-income ratio worse before you close on the home.
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Redfin
JUNE 12, 2025
Here’s what sellers are often looking for: A quick closing timeline: Sellers who need to move fast prefer buyers who can close in 30 days or less. Strong earnest money deposit: A higher deposit signals you’re serious and financially committed; giving sellers more peace of mind.
Redfin
AUGUST 5, 2025
There are several advantages to buying a house with cash, including winning bidding wars and closing quickly on your dream home. Oftentimes, it’s more appealing to the seller because it promises a faster and simpler closing. This shows sellers that you aren’t wasting their time and that you have the funds to back up your offer.
Redfin
JULY 30, 2025
If you’re wondering if you’re ready to buy a house , consider these three factors: Financial stability: If you have a low credit score, lots of debt, and not enough funds to cover a down payment and closing costs, you may want to wait to buy a home. Closing costs: Typically 2-5% of the home’s purchase price.
CT Homes
MAY 29, 2020
A seller’s goal should be to find the highest offer with the strongest probability of closing. A strong cash buyer should be offering to purchase the property “as-is” in its current condition with no expectations of the seller doing any work to the property before close of escrow. Access to Capital. Proven track record.
HomeLight
MAY 24, 2022
Sellers tend to prefer all-cash offers because those deals close more quickly. 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.”. Paying cash saves you money, and you might need a place to live sooner rather than later.
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