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Success Real Estate in Boston mysteriously shuts down

Housing Wire

Funds placed in escrow often include things such as earnest money deposits or funds from a seller to help a buyer pay closing costs or their agents commission. This is the first time in my 25-plus years that I can remember a property firm closing down in Massachusetts,Vetstein said in the article.

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From consultation to closing: The definitive homebuying checklist

Housing Wire

Walk your client through all the pieces of their offer, including price, inspection timelines, closing dates, contingencies and any due diligence or earnest money deposits. Youll want to start by reviewing a CMA to determine a fair value based on the current market conditions.

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Can Closing Costs Be Rolled Into Your Mortgage?

Redfin

Can you roll closing costs into your mortgage? Basically, folding your closing costs into your loan means you’ll need less cash upfront at closing. Your lender can explain their specific policies, the rules around this practice, and which costs are eligible to be rolled into the mortgage.

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

Redfin

Its held in an escrow account : A neutral third party (escrow company or title company ) holds the funds until closing. Its credited back to the buyer at closing: If the deal moves forward, your earnest money is applied toward your down payment or closing costs. Can earnest money go towards closing costs?

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How Much Money Do I Need to Buy a House?

Redfin

From the down payment to closing costs, there are a lot of expenses to consider. So, how much money do you really need to buy a house? Whether youre buying a house in Seattle or a home in Denver – this Redfin guide will break down every major cost to help you budget effectively and avoid surprises.

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Fight Fraud, Don’t Fear it

GeekEstate

Since fraud tends to occur at times where money is being transferred , whether it’s an earnest money deposit or other closing costs, it’s time we look outside of old school methods and embrace technology to keep our personal information and money safe. Revolutionary Technology in Real Estate.

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How to Win a House Negotiation: 9 Expert Tactics for Home Sellers

HomeLight

Require a sizable earnest money deposit. An earnest money deposit is a way for buyers to show that they’re committed to following through with the home sale. Buyers make this deposit after they’ve made an offer and you’ve both signed the purchase agreement.