Development Earnest money deposit Pre-approval 
The Living Room
MAY 2, 2025
Securing Financial Backing: Early engagement with a lender to understand your mortgage options and get pre-approved is crucial. Consider flexibility on closing dates, a solid earnest money deposit, and minimal contingencies to appeal to sellers.
Rochester Real Estate
NOVEMBER 5, 2015
Factors such as earnest money deposits, loan approvals, and real estate agent involvement should be considered. Making multiple offers means putting forth earnest deposits for each property, which can be a considerable financial commitment.
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Redfin
JUNE 23, 2025
In some states, buyers may also pay due diligence money—a non-refundable fee paid directly to the seller in exchange for this inspection window. While not required everywhere, it’s an important part of the process in certain markets and is separate from the earnest money deposit.
Redfin
JULY 30, 2025
Should I get pre-qualified or pre-approved for a mortgage? If you’re considering buying a home, you’ve likely heard of getting pre-qualified or pre-approved. Pre-qualification: An informal lender evaluation of your finances, estimating affordability.
Easy Agent Pro
SEPTEMBER 5, 2023
Are there upcoming developments or infrastructure projects that could impact property values? Setting a Realistic Budget and Obtaining Pre-Approval Before engaging in bidding wars, creating a realistic budget is essential. Once you’ve established a budget, seek pre-approval from a reputable lender.
HomeLight
SEPTEMBER 30, 2020
The name comes from the US Department of Housing and Urban Development (HUD). Buyers with lower credit scores or lower down payments can sometimes get an FHA loan even if they can’t get approved for a conventional loan. HUD-approved housing counseling agencies provide advice on the process and can help you explore financing options.
The Close
SEPTEMBER 10, 2020
The motivation of this first strategy is to gain clarity on the seller’s wants and needs, and also to develop rapport with the listing agent. Make Sure You Have a Proper Approval Letter From a Reputable Lender. Nail the Offer Price & Earnest Money Deposit. CALL the Listing Agent. More on this in strategy six.
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