Remove Construction Remove Earnest money deposit Remove Pre-qualification
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How to Buy a House in the Bay Area: 14 Steps to Close the Sale

HomeLight

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. During this time, review your credit score and determine if it’s considered excellent, good, fair, or poor.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

It’s essentially the idea that if you invest your returns into more investment, that money multiplies. Construction loan. 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. Pre-approval.