Realty Biz

MAY 24, 2022

Because your buyer is saying it is about not taking out a mortgage at today’s interest rate, I’m thinking the earnest money is what you will primarily get from a failed sale of your house. You did get an earnest money deposit, didn’t you? I ended up keeping the earnest money on the very first house that I sold.

Earnest money deposit 79

Earnest money deposit Purchase and sale agreement Pre-approval Inspection 79

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. Your question is very timely as the residential market is transitioning away from being a seller’s market to being a more balanced market. I didn’t even include an inspection contingency. What do you think?

Purchase and sale agreement 96

Purchase and sale agreement Earnest money deposit Pre-approval Home sale contingency 96

Louisville Homes

OCTOBER 26, 2021

Get a Pre-Approved. If you cannot afford a cash purchase, you need to get a mortgage pre-approval before house hunting. If you want to win a bidding war, good luck if you’re not pre-approved. However, when you have been pre-approved you can act fast and lockdown on the house.

Pre-approval 52

Pre-approval Earnest money deposit Finance Closing costs 52

HomeLight

OCTOBER 29, 2020

Unless you’re paying cash for a house, your best course of action is to include a pre-approval letter from a mortgage lender with your offer. That being said, pre-approvals aren’t yet a guarantee of funds and they usually carry an expiration date. Short sale or bank approval contingencies.

Purchase and sale agreement 79

Purchase and sale agreement Pre-approval Earnest money deposit Inspection 79

HomeLight

JANUARY 3, 2023

However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. These include: Seller’s property disclosure (residential). Get a pre-listing appraisal. Alternatively, you could pay for a pre-listing appraisal. Earnest money.

Purchase and sale agreement 101

Purchase and sale agreement Inspection MLS Inspection contingency 101

HomeLight

MARCH 31, 2022

However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. A pre-sale inspection also won’t necessarily stop a buyer from procuring their own independent inspection before closing. Get a pre-listing appraisal. Earnest money.

Purchase and sale agreement 94

Purchase and sale agreement Inspection Title MLS 94

The Close

DECEMBER 29, 2022

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. 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.

Purchase and sale agreement 98

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