Earnest money deposit Finance Inspection contingency Pre-approval 
Dwell Real Estate
JULY 10, 2020
The earnest money deposit—the cash you as a buyer offer to essentially call dibs on real estate—is one of the most important (and often misunderstood) parts of the home-buying process. In the Sarasota area, home buyers will usually put down anywhere from 1 to 5 of the real estate purchase price as earnest money. (If
Dwell Real Estate
JULY 10, 2020
The earnest money deposit—the cash you as a buyer offer to essentially call dibs on real estate—is one of the most important (and often misunderstood) parts of the home-buying process. In the Sarasota area, home buyers will usually put down anywhere from 1% to 5% of the real estate purchase price as earnest money. (If
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
HomeLight
JANUARY 3, 2024
After you open escrow and the buyer submits a good faith earnest money deposit, some or all of the following contingencies may need to be addressed: The financing contingency will appear in contracts where a buyer needs to finalize a mortgage loan to purchase the home.
Realty Biz
AUGUST 22, 2022
In my eagerness to buy my first home, I made a full-price offer with the only continency being that my mortgage was approved. I didn’t even include an inspection contingency. I’m almost certain that your biggest concern is about what will happen with your earnest money if you back out of the deal.
The Close
FEBRUARY 6, 2024
The less your buyers need to finance, the less likely the deal will fall through. They only had to finance a small part of the home loan (less than $100,000) after they offered to pay 80% of the list price in cash. Also, understand the difference between a prequalifying and a pre-approval letter.
The Close
SEPTEMBER 10, 2020
Make Sure You Have a Proper Approval Letter From a Reputable Lender. For most sellers, the fear of a buyer’s financing falling through and not getting to the closing table. At the first meeting with your buyer, help them understand the differences between a basic pre-approval and a full approval and how it strengthens their offer.
Realty Biz
NOVEMBER 11, 2020
If these contingencies aren’t met, the buyer can walk away from the deal. They will also get their earnest money deposit back , and the home will go back on the market. The home could be subject to a few different types of contingency. Home Inspection Contingency. These appraisal tips will help.
Expert insights. Personalized for you.
40 
Let's personalize your content