Remove Banks Remove Due diligence Remove Earnest money deposit
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From consultation to closing: The definitive homebuying checklist

Housing Wire

This typically includes: Recent pay stubs Last two years tax returns Recent bank statements Proof of any additional income or assets Discuss the budget Once you have the mortgage pre-approval, have an open conversation about your client’s financial situation. Negotiations: Prepare your clients for the possibility of counteroffers.

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A Seller’s Guide To When A Buyer Does and Doesn’t Get Their Earnest Money Back

HomeLight

Here are eight common situations where buyers often get their earnest money back: 1. Issues that arise during due diligence. Most contracts include a due diligence deadline anywhere from seven days to two weeks after the agreement date. Problems with the seller’s disclosure document.

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The Most Common Home Buying Real Estate Contingencies

Realty Biz

Home inspection: often called a due diligence contingency, will give the buyer rights to have the house inspected. Appraisal Contingency: You are waiting for a valuation and getting your loan from the bank. This could involve losing part or all of your earnest money deposit.

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What is Earnest Money and Why Do You Need It?

Redfin

Where does the earnest money go? . In most cases, your earnest money deposit is paid to the escrow or title company , which holds it in an escrow account until the transaction closes. If you work with a real estate attorney, the deposit may be put into escrow there.

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How to Start Investing in Real Estate with $1,000

Realty Biz

What it doesn’t take is much money. You only need to put a small amount down as an earnest money deposit , and you get that money back either when the deal closes or if you put contingencies in place for it. Today I no longer pick individual stocks or invest without deep due diligence in real estate deals.

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Fighting Against Real Estate Fraud

The Residential Specialist

Do some digging: “You have to be very careful and do your due diligence when you’re contacted,” says Dallison Veach, CRS, owner of Veach Realty Group in Springfield, Virginia. She also personally experienced an attempt to pull a bait-and-switch with deposits. But it definitely isn’t enough.

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Finding Your Tar Heel State Home: Down Payment Assistance in North Carolina

HomeLight

Who doesn’t love the charm that popular Netflix shows (we’re looking at you, Outer Banks ) make us weep to call home? Ever heard of the due diligence fee in North Carolina? North Carolina is unique with its due diligence expense. Asking your bank if they have or know of one. Searching state-by-state guides.