HomeLight

OCTOBER 5, 2020

Constantine recommends you do your due diligence. The easiest item to do in your due diligence phase is going to be to physically go and look at the permits that were pulled on the property, because you can learn a lot about a house based on the permit office.”. Source: (Karolina Grabowska / Pexels).

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Due diligence Earnest money deposit Banks Inspection 54

HomeLight

OCTOBER 29, 2020

If you’re obtaining traditional financing, waiving the financing contingency can put your earnest money deposit at risk. 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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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 79

HomeLight

MAY 24, 2022

Everyone involved will need time to perform their due diligence. This task can happen while you’re obtaining the funds verification (if you didn’t do that in advance), as your bank will need information on where to transfer the money. Submit earnest money: 1 day. Why does it take this long?

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Purchase and sale agreement Closing Title search Title 106

HomeLight

JULY 31, 2021

Beyond doing your due diligence online, it’s also a good idea to pick up the phone and put a voice to the business. Earnest money deposit. If the website looks clean, easy to navigate, and clearly defines and shows who owns the company, they are more than likely a dependable buyer.”. Put a voice to a name.

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Earnest money deposit Inspection Proof of funds Inspection contingency 98

The Close

DECEMBER 29, 2022

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. Short sale.

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Purchase and sale agreement Title Proof of funds Pre-approval 98