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From consultation to closing: The definitive homebuying checklist

Housing Wire

Buyers agents are not just bright smiles that open doors were the guide our clients rely on to navigate the homebuying process. This is when your buyers need you the most. Thats why having a definitive homebuying checklist is an essential part of your agent toolkit. Have you spoken to a lender? What is your reason for purchasing a new home?

Closing 372
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Sun West unveils NFT loan powered by AI technology

Housing Wire

They may close the transaction and transfer the NFT, or if they choose to not honor the trade, they forfeit their earnest money deposit, as customary in any standard real estate purchase.”. To ensure the NFT is traded as agreed, the NFT seller (homebuyer) has two choices.

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5 tips for buying a home in a seller’s housing market

Housing Wire

Waiving a contingency or two can also help, as can a larger earnest money deposit or being flexible with your closing date. . If you take time to prep your credit and finances, get pre-approved for your mortgage and enlist a great agent, achieving the American Dream may be easier than it seems. just this year.

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Does Earnest Money Go to Your Down Payment? Find Out Here

Redfin

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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What Is a Mortgage Contingency? Purchase Offer Protection

HomeLight

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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How the Financing Contingency Works: Why Buyers Should Think Twice Before Waiving It

Redfin

When buying a home, few clauses are as important, or as misunderstood, as the financing contingency. Whether its your first time buying a home in Seattle, WA or youre looking to invest in a condo in Austin, TX , understanding how a financing contingency works can help you navigate the process and avoid costly mistakes.

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10 Ways Agents Can Help Buyers Win More Offers in a Competitive Spring Market

BAM Media

If the seller needs a quick close, line up financing to accommodate. A Strong Earnest Money Deposit A standard deposit is 5%, but serious buyers should consider going higher10%, 15%, or even more. Sellers want certainty, and a significant deposit shows that your buyer is serious.