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Navigating Bidding Wars During a Hot Real Estate Market

RIS Media

OCTOBER 22, 2020

– New Homes: New homes that are under construction may have buyers that fall through. Your client should also come prepared with a few other things: a pre-approval letter, earnest money deposit and, if they are paying cash, a proof of funds document.

Earnest money deposit 127
Earnest money deposit Pre-approval Marketing Proof of funds 127
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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

DECEMBER 29, 2022

It’s essentially the idea that if you invest your returns into more investment, that money multiplies. Construction loan. 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. Proof of funds.

Purchase and sale agreement 97
Purchase and sale agreement Title Proof of funds Pre-approval 97
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