Remove Design Remove Earnest money deposit Remove Proof of funds
article thumbnail

11 Homeselling Myths, Debunked

The Close

Myth #5: Buyers Prefer an ‘HGTV Style’ Home Remodel HGTV brought a lot of great things to homes—interior design on a budget, a newfound love for historic homes, and, of course, the dreaded open floor plan. Plus, my clients nearly lost their earnest money deposit due to the delays.

article thumbnail

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

The Close

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. Proof of funds. Clients should be aware that proof of funds is different from pre-approval from a lending institution.