Housing Wire

FEBRUARY 19, 2025

Offers: Outline how making a competitive offer will work, including how price, contingencies, due diligence funds, and earnest money will impact how the seller views an offer. Your role as their agent is to ensure every offer is presented professionally to give your clients the best chance at landing their dream home.

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Closing Due diligence Earnest money deposit Pre-approval 372

The Residential Specialist

FEBRUARY 27, 2024

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. Further, certain transactions may be more likely to entice crooks.

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Earnest money deposit Proof of funds Due diligence Title 98

HomeLight

APRIL 30, 2021

A cash offer simply means you have all the money you need to buy the home in cash. Then it’s a matter of completing your due diligence: clearing the home’s title , getting a home inspection , confirming the home’s price (through an independent appraisal, if you choose), and closing the transaction. Step 3: Do your due diligence.

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Due diligence Finance Proof of funds Earnest money deposit 105

HomeLight

OCTOBER 30, 2020

Real estate contract contingencies are commonly associated with getting a mortgage, as lenders tend to do their due diligence on a property before they’ll put up the money for it. The lender wants to make sure they’re getting what they pay for, and not properly surveying the land could represent a risk to their investment.

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Closing Inspection contingency Title search Purchase and sale agreement 116

Realty Biz

NOVEMBER 11, 2020

They will also get their earnest money deposit back , and the home will go back on the market. While it is rarer for a home sale to fall apart because of a buyer not getting financing, it is still something where due diligence is essential. The home could be subject to a few different types of contingency.

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Backup offer Home sale contingency Sales Earnest money deposit 111

HomeLight

OCTOBER 17, 2022

Meaning, buyers are charged with performing due diligence during real estate transactions to ensure they’re buying a product they’re satisfied with. This is known as the due diligence period. If the buyer isn’t satisfied with the deal, then they may back out and receive a refund of their earnest money deposit.

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Purchase and sale agreement Due diligence Earnest money deposit Inspection 105

HomeLight

OCTOBER 15, 2020

Get the lay of the land in Atlanta. Georgia real estate contracts include a due diligence period, typically lasting between 10 and 14 days, so if you’re worried about losing out on a house in a hot market, you can make an offer and take your test drive during due diligence.

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