Redfin

JULY 30, 2025

This way, you’ll have a chance to build equity. The longer you own your home, the more equity you’ll build, leading to greater financial return when you decide to sell your home. >> Prepare for closing: Review your closing disclosure (provided by your lender) for errors and prepare funds for closing costs.

Pre-approval

HomeLight

JULY 31, 2021

Value-add is the process of remodeling a home or complex to increase the value and add equity,” Shipwash explains. “In Harvell also suggests getting concrete proof that the buyer has purchased properties in their name as part of the vetting process. Verification of funds. Earnest money deposit.

Earnest money deposit

Redfin

AUGUST 29, 2024

Homeownership is a long-term investment, and staying in one place allows you to build equity and stability. The offer letter will include details like your name, address, the price you want to pay, contingencies, and possibly, your earnest money deposit. What’s an earnest money deposit?

Earnest money deposit

HomeLight

APRIL 30, 2021

A cash offer simply means you have all the money you need to buy the home in cash. If you’re using cash, you’ll have to show proof of funds with your offer. Mortgages are essentially really cheap for OPM — which is short for other people’s money,” explains top California real estate agent Jordan Clarke. Lack of liquidity.

Due diligence

HomeLight

MARCH 16, 2023

You’ll get speed and convenience in exchange for some of the property’s equity,” says Naumann. 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. Ramcharitar recommends that Houston sellers ask for a non-refundable earnest money deposit.

Sales

The Close

DECEMBER 29, 2022

It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. Loans with less than 20% down often require buyers to pay private mortgage insurance until they reach a certain equity ratio. Earnest money deposit. Certificate of eligibility.

Purchase and sale agreement