The Residential Specialist

FEBRUARY 27, 2024

Real estate is no exception; high-dollar sales mean creative con artists bring their A-game. Be aware It’s hard, especially when you are hungry to make a sale, to remember that things that sound too good to be true are usually just that. She also personally experienced an attempt to pull a bait-and-switch with deposits.

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Earnest money deposit Proof of funds Due diligence Title 98

Realty Biz

NOVEMBER 11, 2020

When you begin an online search for a home, you may find some sale statuses you don’t fully understand. It is fairly obvious what is meant when homes have a status of “for sale” or “sold,” but some statuses may not be as clear. For example, if a home sale is contingent or pending, can you still make an offer?

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Backup offer Sales Home sale contingency Earnest money deposit 110

Redfin

JUNE 21, 2023

From relationship building to conducting due diligence, you’ll be equipped with the knowledge and strategies to enter the world of real estate investing and buy your first investment property with ease. Let’s get started! Manor, Texas, has seen significant housing growth year over year.

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Due diligence Earnest money deposit Investor Inspection 58

HomeLight

OCTOBER 17, 2022

Meaning, buyers are charged with performing due diligence during real estate transactions to ensure they’re buying a product they’re satisfied with. This is known as the due diligence period. If the buyer isn’t satisfied with the deal, then they may back out and receive a refund of their earnest money deposit.

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Purchase and sale agreement Due diligence Earnest money deposit Inspection 98

HomeLight

APRIL 19, 2021

to as high as 6% of the sale price, so be sure to leave room in your budget for your attorney and real estate agent, as well as for filing fees and other required deposits. A lot of times, it’s not unusual for a homebuyer to submit an offer, and they’re being asked to wire over 10% within a week” for an earnest money deposit.

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Earnest money deposit Due diligence Inspection Agents 64

HomeLight

OCTOBER 30, 2020

And if you add a home sale contingency into the mix (that is, if you need to sell your current home before you can buy a new one), closing the deal can take even longer. Make sure you carefully understand all the tenant lease agreements and do your due diligence with your agent before buying an occupied rental property.

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Closing Inspection contingency Title search Purchase and sale agreement 113

HomeLight

OCTOBER 15, 2020

The median sales price of single-family homes in the region was $291,000 in May 2020 , the Atlanta Board of Realtors reported. Get the lay of the land in Atlanta. But if you change your mind after the due diligence period is over, you could lose your earnest money deposit.).

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Due diligence Earnest money deposit Marketing Inspection 92