Podcast appearances and mentions of earnest money deposit

Welcome back to the Kauai Real Estate Podcast! The podcast where real estate meets paradise! In this episode Jamie unpacks the often overlooked but crucial contingencies in a Hawaii real estate contract. Taking a delightful deep dive into the Earnest Money Deposit contingency in the Hawaii contract - making every effort to break it down into into bite-sized, digestible pieces, all while sprinkling in her signature island charm and anecdotes from her colorful career. Whether you're a first-time homebuyer, a seasoned investor, agent, or just a curious listener, Jamie's insights will leave you feeling enlightened and entertained. Tune in to discover why contingencies are more than just fine print—they're your best friend in ensuring a smooth and successful property purchase in the Aloha State. Don't miss out on Jamie's expert advice and insider tips that could save you time, money, and a whole lot of stress. Mahalo for joining us on this journey through Hawaii's real estate landscape! #HawaiiRealEstate #RealEstatePodcast #HawaiiHomes #JamieFriedman #RealEstateTips #HomeBuying #AlohaLiving #PropertyInvesting #HawaiiLife

On this episode, mortgage veteran Jeff Smith of Tiger Home Loans opens the vault on his 18-year tenure to share a meticulously crafted method that has cemented his reputation as a linchpin in the mortgage industry.For Realtors:- Learn how Jeff's pre-qual consultation ensures a seamless, transparent, and supportive journey for your clients, setting the stage for a harmonious homebuying experience.- Discover the strategies that pre-emptively tackle common questions and objections, fostering a proactive environment that cultivates trust and eases anxieties.- See how partnering with a lender who prioritizes client education and preparation can elevate your service and client satisfaction to new heights.For Lenders:- Gain insight into an expertly refined process that addresses every conceivable client concern, equipping you with the tools to enhance your consultation effectiveness.- Understand the nuances of a system that not only wins clients but also establishes a foundation of trust and authority from the first interaction.- Consider the opportunity to join forces with Jeff at his brokerage, where this proven process is just the beginning of setting industry standards.This episode doesn't just spotlight a successful consultation—it invites you to witness a masterclass that transforms potential obstacles into stepping stones for client assurance and success. Whether you're guiding clients through the thicket of mortgage planning or looking to sharpen your own advisory skills, this is your roadmap to a process that guarantees success.Tune in and redefine your approach to the pre-qualification consultation with insights that only decades of experience can forge. Elevate your practice, join an alliance of excellence, and ensure every client journey is not just a transaction, but a milestone of financial triumph with Jeff Smith.Important Links & Info:Follow Jeff:Instagram: https://www.instagram.com/jeffsmithaz/Facebook: https://www.facebook.com/profile.php?id=100002927397116LinkedIn: https://www.linkedin.com/in/jeff-smith-40627016/Jeff Smith - Tiger Home Loans

Been to different financial institutions and got “NO” as an answer? Want to start building equity in a new home? For this week's podcast episode, we are joined by TAMARA YORK, Broker/Owner with York Superior Mortgage Group, working with multiple lenders across South Carolina. Being that champion and advocate for financial literacy in the community and working to serve those people that they serve to the highest level of satisfaction, Tamara is also passionate about educating people about the basic tools and necessities for financial literacy through homeownership. Listen as we chat about our current real estate market, the benefit of homeownership, how to be smart, and creative, and just be prepared for how rates are going to affect homeowners and the buying power of homeowners. Moreover, be financially literate, understand our finances first, and discover different mortgage products that are right for all your needs. What You'll Learn From This Episode: Learn who Tamara York is, what York Superior Mortgage Group does, and its goals, and mission. Home prices and interest rate fluctuation. What does that mean for you? Household income is needed to acquire an average house. Investment property through short-term rentals and long-term rentals. The benefit of homeownership, how to be prepared for homeownership? What is an Earnest Money Deposit? And how to protect it? Why do you need to be financially literate when buying a home? Tamara's perspective on preparing not only for homeownership but also to be investors and participants in the economy. Guidelines when applying for loan options. The fastest way to build your credit. So if you're planning to buy a home soon, it's best to keep your finances as consistent as possible. Postponing major money moves until after you've purchased your home can lead to a smoother application process. Connect with Tamara York @ Phone: 843-804-7976 Email: tyork@yorksmg.com Website: www.ysmgbrokers.com Connect with Corwyn @: Contact Number: 843-619-3005 Instagram: https://www.instagram.com/exitstrategiesradioshow/ FB Page: https://www.facebook.com/exitstrategiessc/ Youtube: https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZA Website: https://www.exitstrategiesradioshow.com Linkedin: https://www.linkedin.com/in/cmelette/ Email @: corwyn@corwynmelette.com --- Support this podcast: https://anchor.fm/corwyn-j-melette/support

Seller Wants $5,000 Earnest Money Deposit and I Don't Have It

A few grand up front could be the difference between landing a home and re-signing your lease. Enter: the Earnest Money Deposit. Customary in many cases, this deposit codifies a buyer's commitment to their offer. This week, Rachele and Cassandra are back to break down what an EMD is, how to use one, and how to protect yourself in competitive home-buying situations.And, unless your mom is still laying out your clothes for you, you shouldn't be making serious financial commitments via Venmo. That's also a big one, so sayeth Cassandra.Thanks for listening!YOU KNOW We'll break it down for you.SO MANY QUESTIONS YOU DIDN'T EVEN KNOW TO WORRY ABOUT!!!Join us!Don't worry, Cassandra and I will over-explain everything & we'll take your questions - Post in the comments and we'll do our best to answer!Welcome to the AgentRx & CEO Lender Show.Rachele Evers Contacts:Website: https://www.agentrx.netFB: @AgentRacheleIG: @agentracheleLN: https://www.linkedin.com/company/76600293/Phone: 810-923-5421Cassandra Evers Contacts:Website: www.ceolender.comFB: https://www.facebook.com/ceolenderEmail: cassandra@ceolender.comPhone: 269-207-2193

Market changes but regardless the market conditions, due diligence in transactions is wise.

An earnest money deposit is a sum of money paid up front by a buyer to show their good faith in order to execute a contract with a seller but if you're not careful you could put that money at risk and lose it. In today's podcast, I'll show 4 rules to always protect your earnest money. You'll even get to look over my shoulder and listen to me on the phone so you get to see how to do it in action. FREE 30 Quick Start Kit: https://flippingmastery.com/qkpod-----------------------------------------This podcast was originally released on YouTube. Check out Jerry Norton's YouTube channel, with over 750 videos on all things wholesaling and flipping! https://www.youtube.com/c/FlippingMasteryTV About Jerry Norton Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate. **NOTE: To Download any of Jerry's FREE training, tools, or resources… Click on the link provided and enter your email. The download is automatically emailed to you. If you don't see it, check your junk/spam folder, in case your email provider put it there. If you still don't see it, contact our support at: support@flippingmastery.com or 888) 958-3028. Wholesaling & House Flipping Software:https://flippingmastery.com/flipsterpodMake $10,000 Finding Deals:   https://flippingmastery.com/10kpod Get 100% funding for your deals! https://flippingmastery.com/fspod Mentoring Program: https://flippingmastery.com/ftpod FREE 8 Week Training Program https://flippingmastery.com/8wpod Get Paid $8700 To Find Vacant Lots For Jerry: https://flippingmastery.com/lfpod FREE 30 Day Quickstart Kit https://flippingmastery.com/qkpodFREE Virtual Wholesaling Kit:https://flippingmastery.com/vfpod FREE On-Market Deal Finder Tool: https://flippingmastery.com/dcpod FREE Wholesaler Contracts: https://flippingmastery.com/wcpodFREE Comp Tool:https://flippingmastery.com/compod FREE Funding Kit: https://flippingmastery.com/fkpod FREE Agent Offer Sheet & Scripts: https://flippingmastery.com/aspod FREE Cash Buyer Scripts: https://flippingmastery.com/cbspodFREE Best Selling Wholesaling Ebook:https://flippingmastery.com/ebookpodFREE Best Selling Fix and Flip Ebook:https://flippingmastery.com/ebpod FREE Rehab Checklist:https://flippingmastery.com/rehabpod LET'S CONNECT...! FACEBOOK: http://www.Facebook.com/flippingmastery INSTAGRAM:

What if the Seller Won't Accept $10 for an Earnest Money Deposit Flippinar #221

:50 Overview of common definitions in real estate with Rich Rosa president of the National Association of  Exclusive Buyer Agents  & Victoria Ray Henderson What is a down payment,  earnest money deposit, fair market value, market value, and assessed value1:11 Rich Rosa on deposits and how they work in the Boston, Rhode Island areas1:40 the two contract processes in Massachusetts1:53 what is a purchase of sale agreement?2:27 FHA loan you'll put 3.5% down payment2:37 first time home buyer programs in Massachusettes2:47 VA LoansEarnest Money Deposit and the Deposit3:13 Earnest Money Deposit in the Washington DC Baltimore areas3:53 What happens to the earnest money deposit if the transaction falls apart?4:28 In the Massachusetts area it's different5:02 at some point you are in the transaction and you cannot wake up the morning of closing and say, “I'm not buying the house”5:35 Listing office holds the deposit in Massachusetts7:00 Rich talks about the down payment which is different from the deposit8:55 Difference between pre-qualification and pre-approval9:54 Pre-Offer Loan Commitment explained10:45 When would you waive an appraisal contingency?11:20 Buffet table example of the options available to home buyers12:03 What is an underwriter?13:00 What is a use of occupancy agreement or a post-occupancy agreement?14:00 What are the limits of the post-occupancy agreement?15:25 How should a property be delivered to the buyers? What is the meaning of broom clean and free of debris?16:24 Fair market, assessed value, and appraised value, what are the differences?16:53 Rich on tax assessments17:45 What is an appraisal?18:23 What is a comparative market analysis?19:08 How does an appraiser appraise a property?19:36 What is an appraisal contingency?20:44 Maryland Homestead Tax Credit 

What to do When a Seller Wants a Large Earnest Money Deposit

In this episode we discuss earnest money deposit disputes when a buyer defaults on a contract. A REALTOR®'s practice in Michigan is governed in part by administrative rules. Since 2002, the administrative rule relating to earnest money deposits has provided: (6) R 339.22313(6). Disbursement of an earnest money deposit shall be made at consummation or termination of the agreement in accordance with the agreement signed by the parties. However, any deposit in the trust account of the broker for which the buyer and seller have made claim shall remain in the broker's trust account until a civil action has determined to whom the deposit must be paid, or until the buyer and seller have agreed, in writing, to the deposition of the deposit. The broker may also commence a civil action to interplead the deposit with the proper court. This rule was amended in response to several judicial decisions holding a REALTOR® liable for a buyer's or seller's attorney fees, because the REALTOR® had refused to release earnest money funds without a court order. These decisions failed to recognize a REALTOR®'s potential liability for releasing funds without the protection of a court order. Today, a REALTOR® faced with such a claim from an unhappy buyer or seller can simply point to the above-cited rule that expressly PROHIBITS the release of earnest money funds in the event of a dispute. PURPOSE OF INTERPLEADER AND --- Send in a voice message: https://anchor.fm/tsare/message Support this podcast: https://anchor.fm/tsare/support

In this episode we discuss earnest money deposit disputes when a buyer defaults on a contract. A REALTOR®'s practice in Michigan is governed in part by administrative rules. Since 2002, the administrative rule relating to earnest money deposits has provided: (6) R 339.22313(6). Disbursement of an earnest money deposit shall be made at consummation or termination of the agreement in accordance with the agreement signed by the parties. However, any deposit in the trust account of the broker for which the buyer and seller have made claim shall remain in the broker's trust account until a civil action has determined to whom the deposit must be paid, or until the buyer and seller have agreed, in writing, to the deposition of the deposit. The broker may also commence a civil action to interplead the deposit with the proper court. This rule was amended in response to several judicial decisions holding a REALTOR® liable for a buyer's or seller's attorney fees, because the REALTOR® had refused to release earnest money funds without a court order. These decisions failed to recognize a REALTOR®'s potential liability for releasing funds without the protection of a court order. Today, a REALTOR® faced with such a claim from an unhappy buyer or seller can simply point to the above-cited rule that expressly PROHIBITS the release of earnest money funds in the event of a dispute. PURPOSE OF INTERPLEADER AND --- Send in a voice message: https://anchor.fm/tsare/message Support this podcast: https://anchor.fm/tsare/support

Steve Kitnick gives us the inside scoop on how a buyer lost his $50k earnest money deposit! He talks about different contingencies and what you should know as a buyer and to make sure you have a well experienced Realtor to have your best interests at the forefront. Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Visit our radio show website: lvrealestateradio.com/​​​ Visit our real estate website: blankfeldgroup.com/​​

2:00 What are you comfortable paying for a monthly mortgage payment?3:12 What is your creditworthiness? Things to consider, your credit history, credit score, and your ability to repay the loan, or do you have steady employment?4:15 What are you paying for at this time? This includes car payments or any monthly payments5:10 How much does it cost to buy a home? Have you saved money? Are you receiving gift funds? 8:28 What is a credit check? Does it ding your credit score?10:00  What is a VA loan? What is a conventional loan? What is an FHA loan?10:45 What is a down payment?12:00 Who are Fannie & Freddie? 12:45 Explanation of an FHA loan13:32 What is Private Mortgage Insurance (PMI)?16:17 What are closing costs? These will vary across the country17:10 Why would a home buyer buy points? (on the loan)18:20 What are escrow fees, recording fees, and settlement/title costs?20:00 Explains buying down a rate a little more22:00 Explains the options with different types of loan products22:35 Why communication matters during the transactionLearn more about Alex Margulis on his website with Cross Country Mortgage Learn more about Victoria Ray Henderson with The Buyer Brokerage  and follow Victoria on HomesBuyHendersons Instagram or at HomesBuyHendersons      

What is the biggest complaint of real estate agents? A lack of communication in the time between finding the perfect house and the completion of the contract. This is a problem because the client is left wondering what the next steps are and what needs to be done. Jimmy's solution - create one email chain of all the people who need to be involved in the transaction. Why should you create this email chain?  If all communication is through this chain, everybody knows what is happening. There are no gaps of information. This chain will keep everyone aware of dates and expectations and a source to look at if someone needs information. Break-down of the initial email:  First, make sure everyone involved in the transaction is in the email chain. The subject line Address + “Contract and Contract Information” is concise and easy to remember. In your introduction, specify that this email chain is for everyone involved, and remind the people to “reply all” every time they communicate within the chain. What should be communicated in the chain? In the first email, start with initial action steps for each person in the chain, asking them for information that everyone should know. Example: (Title agent's name) - Please reply back with the important dates for the contract, including when the Earnest Money Deposit is due, inspection contingency removal date, financing contingency removal date, etc. Include the general information about the closing, such as the property address, purchase price, and closing date. Provide the name and title of all the people involved, as well as their contact information. Giving updates in this chain will keep everyone informed and serve as a place to send reminders and ask people if they need anything from you. If something does go wrong, you can provide clarity and understand how the communication failure began. Connect with Jimmy Burgess on LinkedIn and Facebook, as well as his YouTube channel.   If you like what you heard today, we'd love it if you'd share a rating or review and then subscribe to the podcast and tell others about it as well. You can find The Real Estate Sales Podcast on Apple Podcasts, Google Podcasts, Spotify, and Audible, and our website, The Real Estate Sales Podcast.

Earnest Money Deposit Explained

Here’s the difference between earnest money deposits and down payments. Every industry has its own terminology, which can often be confusing for those not in the know. Real estate is no different. However, conflating two different financial requirements can cause major problems during a transaction. What’s the difference between an earnest money deposit and a down payment? Sometimes referred to as ‘good faith money’ or even a ‘binder’ deposit, the earnest money deposit is simply money set aside by the buyer to demonstrate to the seller that they’re serious. By purposefully putting some of their skin in the game, the buyer shows that they’re committed to getting the deal done. As far as the state of Florida is concerned, a contract must have what’s known as ‘consideration’ to be deemed complete. That’s the role this earnest money deposit plays—it’s the consideration in the deal. Rather than going straight to the seller’s pocket, this deposit is typically held by a title company, an attorney, or sometimes a real estate brokerage involved in the deal. If the buyer exits the deal for a contractual reason (e.g., an inspection or financing contingency), then they will receive their earnest money back. Conversely, if the buyer decides to back out of the deal for a non-contractually protected reason, then the seller gets to keep the earnest money. “Your down payment represents the initial equity you have in your house when you purchase it.” The down payment, on the other hand, is the buyer’s way to demonstrate their seriousness to the lender who’s financing their purchase. (If there’s no lender involved, then there’s no down payment). The down payment is the difference between the purchase price of the home and the amount of money the buyer is borrowing from the lender. For example, if you’re buying a home worth $1 million, but you’re only borrowing $800,000, then you’d have a $200,000 down payment. Okay, so here’s one of the slightly confusing parts: The earnest money that’s being held by a third party gets rolled into the total down payment amount at closing. They’re coordinated, but they still serve different purposes. Another distinguishing factor is that the down payment amount can differ depending on the type of loan being used. A VA loan, for example, is 100% financing, meaning there’s a 0% down payment. An FHA loan typically requires a 3.5% down payment, while conventional loan requirements generally range from 5% to 20%. Your down payment represents the initial equity you have in your house when you purchase it. I hope you found this video to be helpful. As always, if you have questions about this or any other real estate topic, don’t hesitate to reach out via phone or email. We’d be happy to chat with you about your buying, selling, or investing needs, as well.

Earnest Money Deposit aka EMD. What is it? Who holds it? Where does it fit in my down payment and closing costs? Find out!

For the full show notes and resources, visit https://alltheleads.com/probate-mastermind-real-estate-podcast-304Join Future Episodes Live: https://facebook.com/groups/alltheleadsmastermindIn this episode of the Probate Mastermind Podcast, you'll learn how to: use presumptive closes to win appointments; motivate old leads to sell in Q4; be prepared with the right paperwork at every appointment; leverage flat-rate listings with MLS opt-out; find quality contractors and agent partners; motivate old leads to sell in Q4; and more!Thanks for tuning in, and don’t forget to subscribe for future episodes!Episode Topics:Never Ask For The Listing - How To Use Presumptive Closes (00:55)Listing Flat-Rate with MLS Opt-Out for Cash Offers (6:31)Responding to Awkward/Rude Objections (8:17)How to Close Prospecting Calls With An Appointment Set (10:49)How To Find Quality Contractor Partners (15:58)Branding Beyond The Real Estate Logo (17:49)Staying On Top of Your Prospecting Schedule (20:54)Investor Tip: How to Pitch Your Agent-Partner to Prospects. (23:11)Earnest Money Deposit and Buyers Backing Out (26:41)Why Winter Is A Great Time To Prospect Old Leads (27:43)Buying Probate Properties for 50 Cents on the Dollar (30:59)Creative Financing: Multiple Heirs and Distressed Property (36:52)What Paperwork Should You Bring To A Listing Appointment? (41:27)Real Estate vs. Probate Timeline: How Long Does It Take To Get Paid? (49:36)How To Find An Investor-Friendly Realtor and Get Paid For Finding Listing Opportunities (52:07)Be sure to check out our full Mastermind Q&A PlaylistLooking to hear prospecting tips in action? Check out our live role play seriesMore new content available at alltheleads.com/blog--YouTube: https://youtube.com/alltheleadsFacebook Mastermind Group "All The Leads Mastermind" now: https://facebook.com/groups/alltheleadsmastermind--Interested in Probate Leads? https://alltheleads.com/probate-leadsMore on Accountability Coaching With Bruce Hill: https://alltheleads.com/real-estate-coachingCheck Out Probate Plus+ (Think PROPSTREAM for Probate Data): https://alltheleads.com/probateplusSupport the show (http://www.facebook.com/groups/alltheleadsmastermind)

In this episode, we touch upon all that you need to know about contracts. We get into all the pitfalls with contracts and how to avoid them, we used some fascinating examples so that you are not only educated but also entertained.    WHAT YOU’LL LEARN FROM THIS EPISODE Things to keep in mind when drafting your contract. Do not send money to an agent or seller directly. How to avoid scams. There should always be a timeline for you to receive your documents. The due diligence period only begins once you have the information. How to save time and money with contracts. How to not get taken advantage of by sellers.   RESOURCES FROM THIS EPISODE Click here for the free quick start course "Get Deals By Tuesday" Masterclass.   CONNECT WITH US Email: marco@marcokozlowski.com Website: https://marcokozlowski.com Facebook: https://www.facebook.com/realmarcokozlowski/ Instagram: https://www.instagram.com/marco.kozlowski/

We talked about earnest money dispute there was an article that stated if the deal doesn’t go through who gets the earnest money deposit? Our answer is it depends and what is the reason why someone might not get the funds. Question to ask is who default on the contract for an example if the buyer has no more contingencies left and they no longer want the house and the contract that we use here in Las Vegas states that if the buyer defaults they have to give the earnest money to the seller. It would be fair in general terms that if the buyer cancels based on any one of the contingencies that is allowed on the contract and do it on a timeline of that contingency and I am the buyer I would receive my earnest money deposit back. It is important to mention a couple of items about the earnest money dispute in regardless to what our GLVAR contract says and automatically get the money back if you cancel on some type of contingency you are not going to get it back unless both parties (seller and buyer) agree to sign to release those funds escrow companies cannot release until they received that signed addendum from both parties. Stay tune to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

In this episode REALTOR®/Author Jason Gelios shares what an EMD or Earnest Money Deposit is. Subscribe to Jason's channel: https://youtu.be/aWr89bs_rBo Check out other episodes of The AskJasonGelios Real Estate Show Here: https://www.youtube.com/watch?v=MU7f-... Follow on FB: https://www.facebook.com/jasongeliosr... Purchase my book: THINK LIKE A REALTOR® here: Amazon: https://www.amazon.com/Think-like-REA... Barnes And Nobles Online: https://www.barnesandnoble.com/w/thin... Indiebound.org: https://www.indiebound.org/book/97805... Signed copy requests: ItsAllAboutTheRealEstate.com Hire Jason Gelios At ItsAllAboutTheRealEstate.com Subscribe to my monthly e-newsletter: https://www.itsallabouttherealestate.... Broker Disclosure: https://www.itsallabouttherealestate.... About Jason Gelios REALTOR® Jason Gelios is an award winning top producing REALTOR® serving SouthEast Michigan. Buying or selling real estate is a very important decision and probably the largest financial decision you will ever make. This can have a lasting impact on your life. Whether you are purchasing for the first time or planning to sell your existing home, Jason will help you navigate through the entire process to keep it as simple and stress free as possible while helping you achieve your goals. Jason Gelios is well supported by a team of financial and legal experts, qualified home inspectors, appraisers and other professionals if needed. "I'm confident you will enjoy my professional and enthusiastic style of doing business and my knowledge of the real estate market!"

Business/Legal: 1) Earnest Money Deposit and Verification funds 2) Seller’s right to cancel (No deposit or funds) 3) Work with real buyers (Effective and Efficiently) 4) er Pre-Occupancy Storage Addendum (C.A.R. Form POSA) FHA for Condos: Business Development: 1) Grow your database and make it “vertical” 2) Posting on Facebook 3) Holiday Bike Giveaway

Joined by Jazmine Glasgow from Maritime Mortgage we continue our discussion on protecting your earnest money deposit when purchasing a home. Jazmine goes into detail about what she looks for when helping a buyer during their purchase. Podcast & Live Radio Show on WATD 95.9 McNamara Broker Team Boston Connect Real Estate Sharon McNamara | Mary Baker | Melissa Wallace  Facebook Live every Tuesday at 6:15 pm @ facebook.com/McNamaraBrokerTeam Follow our team on Instagram @McNamaraBrokerTeam  

What are the important steps both selling agents and buying agents take to protect a buyers earnest money deposits? Broker Associate Laurie Reney joins the team as the agent spotlight at Boston Connect Real Estate.   Podcast & Live Radio Show on WATD 95.9 McNamara Broker Team Boston Connect Real Estate Sharon McNamara | Mary Baker | Melissa Wallace  Facebook Live every Tuesday at 6:15 pm @ facebook.com/McNamaraBrokerTeam Follow our team on Instagram @McNamaraBrokerTeam

Whether buying or selling a home or commercial property, it's important to be earnest about deposits. In this podcast, Sam discusses a mediator's approach to earnest money deposit disputes and how mediation might be an easier solution than going to court. Music: https://www.bensound.com/royalty-free.... If you have a suggestion for a topic we should cover in our podcast, drop us a comment on Instagram - @samtheanswerman or Twitter - @samdaanswerman. For more information, check out our website at https://www.ventolamediation.com. At Ventola Mediation, our clients consist of businesses, partnerships, individuals, and religious organizations. This firm’s biggest priority is to make our clients successful in all of their legal pursuits. Sam has a wide variety of experience in litigation, legal education, and mediation. He has been an attorney on both sides in business litigation, employment disputes, probate litigation, and personal injury cases. In addition to being an attorney, he has been a mediator, hearing officer, labor relations professor, and lecturer on litigation, employment, and First Amendment issues. Sam has over 30 years’ experience in: General Litigation Business Law and Litigation Employment Law and Litigation First Amendment Litigation Estate Planning and Probate Litigation Mediation He has also achieved the rating of AV Preeminent® by Martindale Hubbell.

Any title company is a third disinterested party when dealing in a real estate transaction. Title companies usually ask for additional information either from the seller or buyer and they feel that title is asking for too much to make things more difficult. In all honesty, title companies are not making things more difficult, they are actually protecting you. An example we would like to give is when you open escrow (transaction) for some reason the roof leaked more than you thought, or something happen. You want to cancel during your due diligence or even after. It is imperative the offer contract states that the title company gets sign cancellation instructions by both parties. In these cancellations instructions it says “escrow it be cancelled earnest money to go to the buyer or the seller. In this particular transaction both seller and buyer feel that they should get the earnest money. In this incident the property was a luxury home, so it was a lot of money at risk. The point of this story is to make sure you are working with a reputable real estate agent that will make sure and watch everything that they do on your behalf. Both parties were fighting, and it is at court right now even the title companies gets drawn in. Threating to sue the title company, you can sue all day long however, title must have written authorization to release funds. If you have any questions on how to find the best fit realtor for you to and title company to protect you when buying or selling, please reach out to us so we can help answer any questions you may have. Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Tuesday at 9am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/

This episode talks quickly about an experience I had with a guy selling real estate on Instagram. Be wise and learn as much as you can! The real Estate Confidante --- Send in a voice message: https://anchor.fm/therealestateconfidante/message

In this episode of DMV Real Estate Explained, Realtor, Nick Bush tells you what the 3 major payments are when buying a home. He will explain how and when you will make the payments, as well as how you can leverage your Earnest Money Deposit. Do you really have to pay closing costs? Find out when you listen to this weeks episode of DMV Real Estate Explained! Don't forget to subscribe!  Do you want to buy a home or sell a home in the DMV area? Contact me at Nbush@towerhillrealty.com Find Nick Here: https://www.instagram.com/nickbushtherealtor/?hl=en https://www.facebook.com/NickBushtheRealtor/ https://www.youtube.com/channel/UCVSquZYcF8HCbjNbSsnkHBQ https://www.nickbushtherealtor.com/ https://twitter.com/nickbushdmv   Subscribe to my YouTube channel for weekly video content about Real Estate: https://www.youtube.com/channel/UCVSquZYcF8HCbjNbSsnkHBQ   Looking for a Real Estate Agent in your city? I have a network of top producing agents around the country. Email me and I can put you in touch with a Realtor in your area. Nbush@towerhillrealty.com   Nick Bush Tower Hill Realty 8218 Wisconsin Ave. Suite 310 Bethesda, MD 20814

Phillip explains what an Earnest Money Deposit is and how it works.

Join us on part one of our three-part series on escrow. This week, the Virginia REALTORS®’s legal team looks into earnest money deposits. They review the rules and regulations surrounding escrow accounts and how to handle earnest money deposits. Finally, they discuss some common legal hotline questions, such as “Can you delay depositing the Earnest Money Deposit for a short sale until the lender approves the deal?”

He aggressively bid on a large Multifamily deal, and won the transaction. Hear the long purchase process that included providing credibility, aggressive offers, and being willing to lose a large deposit. Our guest shares all the ups and downs during the underwriting and purchase, tune in! Best Ever Tweet: Everything is better with a better manager (Multifamily purchase). John Cohen’s real estate background: – Founder of JC Property Group – Started in real estate buying tax deeds – Based in Queens, NY – In 2014 switched to multifamily and recently closed on a 48-unit syndicated deal in Columbus, Ohio – Prior to that worked at Marcus & Millichap as a multifamily specialist in Brooklyn/Queens – Played baseball at Queens College and Mercy College - Say hi him at http://www.jcpropertygroupinc.com/ Listen to all episodes and get a FREE crash course on real estate investing at: Made Possible Because of Our Best Ever Sponsors: You find the deals. We’ll fund them. Yes, it’s that simple. Fund That Flip is an online lender that provides fast and affordable capital to real estate investors. We make funding your projects easy so you can focus on what you do best…rehabilitating homes. Learn more at . Subscribe to Joe’s YouTube Channel here to learn multifamily and raising money tips: Subscribe in   and    so you don’t miss an episode!

AC 9: How Much Money Do I Need To Set Aside For The Earnest Money Deposit by CAZA Investor Network

.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; height: auto; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; } Buying a home? Click here to perform a full home searchSelling a home? Click here for a FREE Home Value ReportWhen you buy a home, you want to have the seller take your offer seriously. One way to do this is to offer a Good Faith Deposit, or an Earnest Money Deposit. These are not to be confused with a down payment - that is different.If the seller accepts your offer, your Earnest money will go towards the purchase of the home. If you back out, there is a chance that you could forfeit your Earnest Money. This is a tradition in the real estate market in order to show good faith when you put down an offer.In a California purchase agreement, the deposit has to be in escrow within three days after your offer is accepted. Exact amounts should be spelled out in your purchase agreement so there can be no quibbling about what needs to be deposited and when. These Earnest deposits usually range from 1% to 3% of the purchase price. You can put down less or more, but it's really a matter of local custom.If you back out of a contract for no good reason, you could lose your earnest money deposit. This is why contingencies are important when you write your purchase contract. If you simply change your mind about the home, the seller can likely keep that money.Lastly, I want everyone to know that an Initial deposit is commonly required for purchasing homes in CA (as outlined by the Residential Purchase Agreement). The actual amount of the deposit isn't standardized, but you must pay an initial Good Faith or Earnest Money deposit, which comes out of your down payment toward the home.If you have any further questions about this process, please don't hesitate to contact me. I would love to speak with you!