Housing Wire

SEPTEMBER 14, 2023

But as much as it’s already a core tenet of real estate, collaboration currently presents a unique new opportunity for real estate agents to evolve the way they work with their buyers and sellers. Without that, you end up with a bunch of disconnected steps, and that’s quickly become overwhelming for agents and brokers.

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BAM Media

MARCH 5, 2025

A Strong Earnest Money Deposit A standard deposit is 5%, but serious buyers should consider going higher10%, 15%, or even more. The bigger the deposit, the stronger the commitment. Sellers want certainty, and a significant deposit shows that your buyer is serious. But price alone isnt always enough.

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Realtor.com

DECEMBER 3, 2020

Keep in mind that sellers are looking for a good deal just as much as you are, and you should plan on working with your real estate agent to make sure the sellers at least feel like they’re getting one. Natee Meepian/Getty Images For first-time home buyers, finding the perfect place to settle down is hard enough. But hold on!

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BAM Media

FEBRUARY 21, 2025

We also do Instagram audits during our BAMx office hours , and one thing I consistently see is agents posting videos that just arent moving the needle. At some point, someone told real estate agents they had to make these types of videos, and they have become a staple in our industrys content strategy. Your audience is the same way.

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GeekEstate

AUGUST 19, 2021

This is only one story of many that has inspired us to make a change in the money transfer process in the real estate industry. are arising that allow larger sums to be transferred making it ideal, safe, and convenient for earnest money deposits, cash-to-close for refinances, and more. Real estate fraud is terrifying.

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HomeLight

JUNE 8, 2023

Before you submit your bid, it’s important to understand what an Earnest Money Deposit (EMD) is, how you can use one to strengthen your offer, and how to protect your money should anything come up during your home-buying process. In higher-priced or competitive markets, deposits can reach up to 10%.

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RIS Media

OCTOBER 22, 2020

Keller Williams real estate maverick, Alexis Bolin, joined us this week on a Secrets of Top Selling Agents webinar to discuss what you can do to navigate a hot market and distinguish your client’s offer from the others. Yes, as a real estate agent, you can always find listings that your client may be interested in.

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HomeLight

JUNE 23, 2022

If you need assistance navigating the legalities of keeping earnest money from a real estate transaction, HomeLight always encourages you to reach out to your own advisor. What is earnest money? Earnest money is often referred to as a “good faith” deposit.

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HomeLight

DECEMBER 12, 2023

A common worry among homebuyers is to find the perfect house, put down a deposit with an accepted offer, and then learn that your mortgage application is denied — you lose both the house and your earnest money. The most experienced agents know how to safeguard your earnest money and time.

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HomeLight

JUNE 29, 2022

Real Estate Agent. Real Estate Agent at Berkshire Hathaway HomeServices Realty Professionals. According to Chester Ardolino , a real estate agent in Springfield , Massachusetts, the time to think about your top priorities as a seller is before the house hits the market. Chester Ardolino. Chester Ardolino. Years of Experience.

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HomeLight

SEPTEMBER 11, 2020

Basic overview: You’ll work with your agent to deliver the offer to the seller’s agent on the forms used in your state. If and when all parties do agree to the terms, your agent will draft a final offer, and all parties will sign it. Hire the right agent. Buyer’s agents, we know the tricks. Set your budget limits.

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HomeLight

JANUARY 26, 2024

If this contingency period lapses before you’ve finalized your decisions, will you lose your deposit? Find a Top Agent With Experience in Contingency Offers If you need to make an offer on a home with contingencies, you’ll want a top agent by your side who can avoid pitfalls and secure the home you want.

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Redfin

MARCH 11, 2025

Key takeaways: Earnest money is a good-faith deposit that shows the seller youre committed. Earnest money is not the same as a down payment, but its usually applied toward your down payment at closing. What is earnest money? Does earnest money go towards the down payment?

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CT Homes

AUGUST 31, 2020

Completing a successful Real Estate Transaction is difficult. It takes several moving parts coming together at the right time to get a deal to the finish line. Even when you have a signed contract you still need the inspection, appraisal, insurance and closing to go off without a hitch. Financing Issues. There is also the issue of the appraisal.

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HomeLight

JANUARY 10, 2024

Find a Top Agent With Experience in Contingency Offers If you need to make an offer on a home with contingencies, you’ll want a top agent by your side who can avoid pitfalls and secure the home you want. We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs.

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HomeLight

JUNE 28, 2023

But the first financial step toward making it all happen is presenting an offer with earnest money. Step One: Talk to a Top Buyer's Agent A top buyer’s agent can help you make the best offer on that home you love and protect your earnest money. Get Started What is earnest money in real estate?

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HomeLight

JULY 31, 2022

One of the first steps is to pick a real estate agent to work with. But what if you decide that you don’t want to work with a buyer’s agent to buy your home? Well, welcome to your step-by-step guide to buying a home without a real estate agent. You’ve decided it’s time to buy a house ! Find a lender you can trust.

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Easy Agent Pro

SEPTEMBER 5, 2023

By becoming familiar with local market dynamics, setting realistic budget goals, and working alongside an experienced real estate agent, you can position yourself as a powerful and informed buyer. Research and Preparation You must invest time and energy in extensive research to increase your odds of successful bidding in competitive markets.

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HomeLight

JULY 12, 2024

There will be a lot happening that involves money you’ve saved and money you’re borrowing. You’ll hear your lender and real estate agent use the phrase “house in escrow.” After the purchase, there will still be money that needs to be managed as part of your mortgage agreement and tax and insurance requirements.

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Point2Homes

OCTOBER 6, 2020

So, while cash may be king with home sellers and their real estate agents, the same is not true with financial institutions. Therefore, when purchasing a home — especially for the first time — buyers should have a strong grasp of how lenders treat deposits. Verifying Cash Deposits. Simplified Cash Deposits.

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HomeLight

JULY 26, 2022

But this sign looks different from the real estate agent signs you usually see and it lists the homeowner’s contact information. A “for sale by owner,” or FSBO (pronounced “fizz-bo”) home, is a home that is being sold by its owner who hasn’t hired a listing agent. Is it a yard sale? A political sign? A contractor’s information?

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Realtor.com

OCTOBER 29, 2020

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. If something is wrong, you can request that it be fixed—or you can back out of the sale. Clear the title.

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Realty Biz

DECEMBER 5, 2022

The buyer can have their earnest money deposit returned when this happens. Here are the steps you need to take: Meet With Your Real Estate Agent to Review The Inspection Report. Once the report from your home inspector has been obtained, send a copy to your real estate agent. Speak to Contractors and Get Estimates.

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HomeLight

JANUARY 3, 2024

Find a Top Agent With Experience in Contingency Offers If you need to make an offer on a home with contingencies, you’ll want a top agent by your side who can avoid pitfalls and secure the home you want. We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs.

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HomeLight

SEPTEMBER 16, 2022

We researched the details and talked with an expert Texas real estate agent to help you make the most of an option period. The earnest money and the option fee are credited to you at closing,” explains Bacak for buyers who move forward. If you don’t know what you want, the line disappears too quickly. What is an option period?

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Realty Biz

MAY 24, 2022

Home agents are sending pens to customers signing a contract to buy a new home. We decided to sell our house as “for sale by owner” to save the agent’s commission. Because it was not written by a professional real estate agent, the contract could have almost anything it. You did get an earnest money deposit, didn’t you?

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HomeLight

JANUARY 12, 2024

Find a Top Agent With Experience in Contingency Offers If you need to make an offer on a home with contingencies, you’ll want a top agent by your side who can avoid pitfalls and secure the home you want. We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs.

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RIS Media

AUGUST 27, 2020

Whether you are renting a room in your house on your own or hiring a real estate agent, it’s critical that you both understand fair housing laws! Renting out part of your home does put you in the position of a landlord with the associated responsibilities. Finding the Right Tenant Is Critical. Ask for references and check them.

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HomeLight

MARCH 2, 2023

If you’re shopping for a home in San Diego, a trusted buyer’s agent is a key member of your team. HomeLight analyzes millions of transactions and thousands of reviews to find you a proven, top-performing agent in just under two minutes. Find a Buyer's Agent What will it cost to buy a home in San Diego?

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Real Trends

NOVEMBER 3, 2022

In addition, Opendoor says that homebuyers may back out of the purchase at any time and receive a full refund on their earnest money deposits. To date, Opendoor Exclusives is available in the Austin and Dallas-Fort Worth metropolitan areas, but the company plans to roll it out in other markets.).

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HomeLight

SEPTEMBER 1, 2022

With the help of top agent David Landau , who works with 68% more single-family homes than the average agent in Newtown, Connecticut , we’ve put together a comprehensive guide that breaks down all the ins and outs of buying a house in the Constitution State. Steps to buying a home in Connecticut. Assess your readiness.

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Realtor.com

SEPTEMBER 18, 2020

Thankfully, our real estate agent was able to find a local inspector who had a last-minute opening. A home inspection “is a few hundred dollars for your peace of mind,” says Jean Rosalia , a residential and commercial real estate agent based in Virginia Beach, VA. Here’s what the experts have to say.

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HomeLight

SEPTEMBER 1, 2022

We researched everything you need to know about buying a house in Florida, and spoke with top agent Maria Raymer , who works with 67% more single family homes than the average agent in Jacksonville, Florida , to get expert insight into the steps required for buying a home in Florida. Ready to make Florida your home?

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HomeLight

AUGUST 11, 2023

Find a top real estate agent near you We analyze millions of home sales to find real estate agents that sell homes faster and for more money. Find a top real estate agent near you We analyze millions of home sales to find real estate agents that sell homes faster and for more money.

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HomeLight

OCTOBER 1, 2020

You now have skin in the game in the form of your earnest money deposit, plus you have a legal duty to buy the home (barring certain circumstances). All in all, contingencies can protect you and your earnest money deposit if certain conditions of the contract aren’t or can’t be met. Appraisal contingency.

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HomeLight

SEPTEMBER 30, 2020

The HUD Home bid package includes a sales contract , an addendum regarding lead-based paints, an earnest money deposit of 5% through cash, cashier’s check, money order, or letter of credit, and a forfeiture of earnest money deposits document. How does bidding work? Source: (Flipboard / Unsplash).

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HomeLight

MARCH 6, 2023

With the help of top Bay Area agent Carl Medford , who has 22 years of experience and specializes in helping first-time homebuyers, we’ve put together a comprehensive guide that breaks down all the ins and outs of buying a house in the Bay Area. The Bay Area is also close to beaches, national parks, and the wineries of Napa Valley.

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