Remove Earnest money deposit Remove Land Remove Pre-approval
article thumbnail

From consultation to closing: The definitive homebuying checklist

Housing Wire

Secure a mortgage pre-approval As a rule of thumb, its best to have your clients obtain a mortgage pre-approval prior to setting up any searches and conducting property tours. Required documentation Save your clients some time by providing them with a list of the documents theyll need to get pre-approved.

Closing 372
article thumbnail

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. Get final mortgage approval. Clear the title.

Closing 139
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Even if the buyer has pre-approval for a mortgage, things can still go wrong when they apply for the loan. Perhaps, they have taken out a fresh loan, or their situation has changed in some other way since pre-approval.

article thumbnail

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).

article thumbnail

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).

article thumbnail

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).

article thumbnail

Real Estate Investing for Beginners: Expert Tips for Buying Your First Investment Property

Redfin

This includes abundant, relatively inexpensive land for development, a high-quality education system, first-class public safety and utilities, mass transit to Downtown Austin, and much more.” “Manor either has or is working to have it all as we speak,” says Jones. Manor is only minutes away from everything Central Texas offers.