Redfin

JULY 30, 2025

Your agent will help you draft a formal offer letter that includes your name, address, price, any contingencies, earnest money deposit, and a deadline for them to respond. Prepare for closing: Review your closing disclosure (provided by your lender) for errors and prepare funds for closing costs. on the closing date.

Pre-approval

HomeLight

SEPTEMBER 30, 2020

The name comes from the US Department of Housing and Urban Development (HUD). The HUD Home bid package includes a sales contract , an addendum regarding lead-based paints, an earnest money deposit of 5% through cash, cashier’s check, money order, or letter of credit, and a forfeiture of earnest money deposits document.

Earnest money deposit

HomeLight

MARCH 16, 2023

Ramcharitar advises asking for proof of funds such as a bank statement to ensure the buyer has enough resources to cover the price of the home. Play it safe with a non-refundable earnest money deposit While no loan approval or appraisal makes cash sales less risky, there’s still a chance that the investor could back out.

Sales

The Close

DECEMBER 29, 2022

These mortgages were developed in the 1980s in an era of double-digit interest rates when borrowers were hopeful that the rates wouldn’t rise much more. Cost of funds index (COFI). Earnest money deposit. Planned unit development (PUD). Proof of funds. Related Article. Purchase agreement.

Purchase and sale agreement