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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. 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 on a House Checklist: 6 Things Home Buyers Must Do Before They Move In

Realtor.com

If the appraised value is less than the sale price, the contingency enables you to back out of the deal without forfeiting your earnest money deposit , says Bishoi Nageh , president of the Petra Cephas Team at Mortgage Network Solutions, in Somerset, NJ. Clear the title.

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How to Read a Settlement Statement When Selling a Home

HomeLight

However, the settlement form developed by the trade group ALTA (American Land Title Association) is widely used across the nation for real estate transactions. What is an excess deposit, and who will receive the funds listed on that line? Let’s say the buyer put down a $7,000 earnest money deposit on a $100,000 home.

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Your Ultimate Guide to Buying a Home in Connecticut in 14 Steps

HomeLight

Get creative with your offer — you may want to offer a larger earnest money deposit, schedule a quick closing, or even consider letting the seller rent the house back from you for a certain period of time. Earnest money deposit amount. Send your earnest money deposit. Closing date.

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How to Make Your Offer More Competitive!

CT Homes

Landing your dream home is now about timing, contract structure and submitting the strongest offer possible as soon as you can. If you are using lender financing, the more money down the more likely your loan will be accepted. In addition to down payment on your loan you should consider increasing your Earnest Money Deposit (EMD).

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Fighting Against Real Estate Fraud

The Residential Specialist

Lisa Paffrath, CRS, broker/owner of Better Homes and Gardens Real Estate Grand View North in Flagstaff, Arizona, works near the Grand Canyon with a lot of vacant land. 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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What Does Contingent Mean in Real Estate Sales

Realty Biz

They will also get their earnest money deposit back , and the home will go back on the market. A land surveyor will be sent to the property to ensure there are no violations. This means that certain clauses have to be completed, by perhaps both buyer and the seller, for the sale to close.