The Residential Specialist

FEBRUARY 27, 2024

Agents must stay vigilant as fraud and scams become more prevalent in the residential real estate profession By Jason Henninger Anywhere there are financial transactions, the threat of fraud comes with them. She also personally experienced an attempt to pull a bait-and-switch with deposits. Everything looked completely legitimate.

Earnest money deposit 98

Earnest money deposit Proof of funds Due diligence Title 98

HomeLight

JULY 31, 2021

Although it’s not as sure of a bet, you could also attract a regular residential buyer who has enough liquid assets to buy a house outright. 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 98

Earnest money deposit Inspection Inspection contingency Proof of funds 98

The Close

DECEMBER 29, 2022

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. A PUD is a grouping of residential buildings. Proof of funds. These funds must be liquid, not stocks or bonds.

Purchase and sale agreement 97

Purchase and sale agreement Title Proof of funds Pre-approval 97