Remove Earnest money deposit Remove Land Remove MLS Remove Pre-approval
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How to Make Your Offer More Competitive!

CT Homes

Landing your dream home is now about timing, contract structure and submitting the strongest offer possible as soon as you can. If you are using lender financing, the more money down the more likely your loan will be accepted. In addition to down payment on your loan you should consider increasing your Earnest Money Deposit (EMD).

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What Does Contingent Mean in Real Estate Sales

Realty Biz

They will also get their earnest money deposit back , and the home will go back on the market. Even if the buyer has pre-approval for a mortgage, things can still go wrong when they apply for the loan. Perhaps, they have taken out a fresh loan, or their situation has changed in some other way since pre-approval.

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article thumbnail

How to Make Your Offer More Competitive!

CT Homes

Landing your dream home is now about timing, contract structure and submitting the strongest offer possible as soon as you can. If you are using lender financing, the more money down the more likely your loan will be accepted. In addition to down payment on your loan you should consider increasing your Earnest Money Deposit (EMD).

article thumbnail

How to Make Your Offer More Competitive!

CT Homes

Landing your dream home is now about timing, contract structure and submitting the strongest offer possible as soon as you can. If you are using lender financing, the more money down the more likely your loan will be accepted. In addition to down payment on your loan you should consider increasing your Earnest Money Deposit (EMD).

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

The Close

If your clients are concerned about getting approved for a loan, you can remind them that a co-borrower agrees to back the borrower in a mortgage loan. Simply put, this measures the number of days a property is for sale, from the day it is listed on the multiple listing service (MLS) to the day a buyer and seller are under contract.