RIS Media

OCTOBER 22, 2020

If the listing agent is allowed to disclose the other offers, make sure to obtain written approval from the seller before discussing this. Your client should also come prepared with a few other things: a pre-approval letter, earnest money deposit and, if they are paying cash, a proof of funds document.

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Earnest money deposit Pre-approval Marketing Proof of funds 127

HomeLight

SEPTEMBER 30, 2020

Buyers with lower credit scores or lower down payments can sometimes get an FHA loan even if they can’t get approved for a conventional loan. The forfeiture of earnest money deposits document means that HUD can retain your 5% deposit if you do not fulfill your end of the sales contract for some reason not already outlined in the contract.

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Earnest money deposit FHA loan Pre-approval Finance 98

Rochester Real Estate

NOVEMBER 5, 2015

A pre-approval letter must be included, and proof of funds can also help in a seller’s market. If your offer is accepted, you will sign a purchase agreement and pay an earnest money deposit. You don’t want to be denied the loan after being approved.

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Purchase and sale agreement Earnest money deposit Pre-approval Debt-to-income ratio 52

Redfin

JUNE 12, 2025

Strong earnest money deposit: A higher deposit signals you’re serious and financially committed; giving sellers more peace of mind. Proof of financing or cash offers: Pre-approval or proof of funds reassures sellers that you can follow through and the deal won’t fall apart.

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Earnest money deposit Proof of funds Pre-approval Rent back 31

Redfin

AUGUST 29, 2024

Debt-to-income ratio (DTI) Another major factor that a lender will consider when approving your mortgage loan is your debt-to-income ratio (DTI). Get pre-approved As you’re researching how to buy a house, you will want to get a mortgage pre-approval. What’s an earnest money deposit?

Earnest money deposit 63

Earnest money deposit Purchase and sale agreement Pre-approval Debt-to-income ratio 63

The Close

FEBRUARY 14, 2024

Navigating the Selling Process Myth #8: Getting Pre-approved Should Happen After Finding Your Perfect Home House hunting can be exhausting. A pre-approval won’t take long and can save your buyer a headache if they find a home they love before realizing they can’t get a mortgage to pay for it. “And you know what?

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HomeLight

MARCH 16, 2023

More certainty: With a pre-offer walk-through, a cash home buyer can typically provide a firm cash offer that comes with few contingencies, or no contingencies at all. Ramcharitar advises asking for proof of funds such as a bank statement to ensure the buyer has enough resources to cover the price of the home.

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Sales Purchase and sale agreement Earnest money deposit Bankruptcy 93