This shows them that you are
serious about buying this property and you are willing to put more money down than the other bidders.
How does a buyer who has undertaken to write an offer on a property for the purpose of having said offer accepted, and thus leading the seller to believe they are
serious about buying the property, be seen to: «have simply changed their minds about.»
The seller may want to only allow someone who is
serious about buying the property see units out of respect for the tenants but, their is a better way to handle that.
If you find a home and want to make an offer, the seller will require earnest money to ensure that you're truly
serious about buying the property.
Many sellers want prospective borrowers to put up earnest money, which is similar to a good faith deposit showing they're
serious about buying the property.
The sales contract will specifically state when you need to cough up the earnest money deposit, which is cash you provide upfront to show the seller that you're
serious about buying the property (the typical amount is 3 % to 5 % of the sales price of the house).
Not exact matches
But if you're
serious about buying a «distressed
property,» you should sign up for RealtyTrac.com.
If you're
serious about buying an investment
property, it's helpful to get pre-approved for a mortgage.
Real estate agents will know you are
serious about your home
buying intentions and ready to
buy which may provide leverage in the negotiation process, especially when there are multiple parties bidding for the same
property.
If you're
serious about investing in
buy to let
property in Doncaster.
That means that potential buyers who are not
serious about buying a home will opt for the comforts of their own home over viewing
properties in cooler weather.
If you're
serious about getting off the sidelines and making a splash with an investment
property or
buying a new home for yourself, then you need to act like a
serious buyer.
High - end
property owners have tended to make up a larger portion of pocket listings because they have an interest in reducing the buyer foot traffic through their homes for privacy reasons or to cut down on looky - loos who aren't
serious about buying.
If you're
serious about buying a home, you may have to look at
properties with their potential in mind rather than their face value.
The earnest money is given by the buyer as evidence that the buyer is
serious about buying the real estate; earnest money allows the seller to remove that
property from the open marketplace (and from the possibility of other buyers making offers — although some contracts allow for back - up offers) because the buyer is
serious about purchasing the house.