Remove Due diligence Remove Earnest money deposit Remove Land Remove Short sale
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Eliminating Stringent Contingencies: How to Make a Contingent Offer Stronger

HomeLight

If you’re obtaining traditional financing, waiving the financing contingency can put your earnest money deposit at risk. Zoning and land use contingencies. Short sale or bank approval contingencies. Buyers have to be willing to move forward with their due diligence right away,” says Lagrois.

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How to Get Cash for Your Home: A Step-by-Step Guide

HomeLight

When looking for properties to buy, he focuses on single- and multi-family homes rather than vacant land or mobile homes because they allow for “value-add.”. In addition, these properties allow for multiple exit strategies for investors, including flips, short- or long-term rentals, or wholesales.”. Earnest money deposit.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Due diligence period. What if your clients are asking about their due diligence period? 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. Related Article. Eminent domain.