0
What is money put down by a potential buyer to show that he or she is serious about purchasing the home?
Wiki User
∙ 13y ago
earnest money
Wiki User
∙ 13y ago
keihanco keihanco
Add your answer:
Earn +20 pts
Are there any advantage to the seller that does a sellers consetion?
Many time a potential buyer does not have the funds for a downpayment and the closing costs. The seller will give money back to the buyer at the closing to cover these costs. In most cases, the seller is mainly concerned with what they are netting..meaning how much money they are actually walking away with. A Seller's Concession is a tool to help a potential buyer qualify to purchase. Assuming the home appraises out there is very little impact on the seller
How do you get money for first time home buyer?
== ==
Why would you sell your house cash only?
Reasons:You do not want the buyer to be required by a lender to have a home inspection because there are serious problems with the property.You need money now.There is a title defect or you don't own the property and a cash buyer is not likely to have a title examination performed by a professional.Reasons: You do not want the buyer to be required by a lender to have a home inspection because there are serious problems with the property.You need money now.There is a title defect or you don't own the property and a cash buyer is not likely to have a title examination performed by a professional.Reasons: You do not want the buyer to be required by a lender to have a home inspection because there are serious problems with the property.You need money now.There is a title defect or you don't own the property and a cash buyer is not likely to have a title examination performed by a professional.Reasons: You do not want the buyer to be required by a lender to have a home inspection because there are serious problems with the property.You need money now.There is a title defect or you don't own the property and a cash buyer is not likely to have a title examination performed by a professional.
Who should pay the Stamp duty for Loan Agreement - Bank or Loan applicant - Why?
The Home buyer has to pay a certain amount of money as stamp duty on the loan amount, which is known as stamp duty loan. Percentage of stamp duty loan depends on the value of the residential property that the buyer is buying. Paying stamp duty is compulsory while purchasing a residential property as its registration.
What it mean by earnest money is non refundable after due diligence?
In the state of Oklahoma, the Buyer has ten days (unless specified otherwise) to perform inspections on the property and complete underwriting requirements for his/her Lender. If the inspections turn up something that alarms the Buyer or the Lender discovers that the Buyer is not truly qualified, his/her earnest money will be returned and the contract is voided. So, during that time period, the Buyer is doing his "due diligence." If, however, after that time, the Buyer simply decides not to continue with the transaction, his earnest money is non-refundable.
What is meant by the term diamond wholesalers?
Diamond wholesalers could also be termed "middle men," as they bridge the gap between manufacturers and retailers. Purchasing directly from wholesalers has the potential to save the buyer money.
What does the income effect indicates?
It indicates that a lower price increases the purchasing power of a buyer's money income, enabling the buyer to purchase more of the product than before.
How do you go about selling your default money judgment?
You should probably contact a debt buyer, they are known for aggressively purchasing default court rulings.
How serious is it to default on a real estate contract?
If you are the buyer you could lose your deposit money. If you are the seller, the buyer could sue you for suit of specific performance. Either way, defaulting is something you want to avoid!
What indicates that a lower price increases the purchasing power of a buyers money income enabling the buyer to purchase more of the product than before?
Income effect.
Are there any advantage to the seller that does a sellers consetion?
Many time a potential buyer does not have the funds for a downpayment and the closing costs. The seller will give money back to the buyer at the closing to cover these costs. In most cases, the seller is mainly concerned with what they are netting..meaning how much money they are actually walking away with. A Seller's Concession is a tool to help a potential buyer qualify to purchase. Assuming the home appraises out there is very little impact on the seller
Do you have to pay sales tax when purchasing a used car in Michigan if you are an out of state buyer?
Absolutely-the government has to get their money. It's even possible that you may have to pay taxes in both states.
Income effect indicates that a lower price increases the purchasing power of a buyers money income enabling the buyer to purchase more of the product than before. True or False?
True
Who had written the book the purchasing power of money?
The Purchasing Power of Money was written by Irving Fisher.
What is income effect?
It indicates that a lower price increases the purchasing power of a buyer's money income, enabling the buyer to purchase more of the product than before.
How do you get money for first time home buyer?
== ==
What are Amazon's buyer protection and return policies?
The key points to spending money online are, make sure that the product has a money back guarantee. The website has to be a accurate and reputable website and read everything on that website before purchasing the product. EBay was a good sight for me to order a product.
