Tag: loans

An Earnest Deposit Could Be Your Ticket To Winning Your Bid

The housing market in Grand Rapids is competitive. Well – probably everywhere. Yesterday a friend lost a bidding war, and she was shocked.

She shouldn’t have been. She thought because she extended herself in order to bid asking price (She’s a bargain shopper and a coupon clipper) she was a shoo in, and the realtor seemed so affirming to her offer. How could they not accept it?

Another family who had already sold their home and were very sick of staying with family offered 33k over asking with an attractive earnest deposit. That’s how.

A Realtor’s Attitude Is Not The Indicator Of Being The Top Bidderchristmas-gift-box-14109686029mB

This decision isn’t really up to the realtor. That positivism and encouragement that you are hopefully getting is more about getting your business and referrals from  is the connection between the realtors attitude and if you will step foot in the house after the offer is made.

Comparison of the offers on the table is the real war. You play a card, and shut your eyes. Maybe you could put a pretty ribbon on it, too. Just for safe playing – in hope to lead to safe keeping.

How Does An Earnest Deposit Work?

The earnest deposit can definitely make your offer more attractive. It’s like saying, the paperwork process towards closing will take awhile, but here, I’ll give you 1-3% of your asking price in cash 1-3 days after you accept my offer. Because I’m a good person, and I really want you to accept my offer. It makes it feel to the seller that you will put in effort upfront to take care of their beloved asset.

Good Faith Deposit is Synonymous For Earnest Deposit And A Bow On A Package

If having an earnest deposit seems unrealistic to your financial situation, that’s understandable. This deposit is separate than the down payment, and the savings ready and waiting was hard to come by.

You have already applied for a new line of credit with a mortgage. Asking for another in a personal loan for an earnest deposit amount will roll into one-try…and won’t hurt your score for pursuing more credit all at once. It’s actually the perfect time to ask.

Don’t lose the house of your dreams because your offer wasn’t attractive enough. It’s a competitive market out there.

Click here to pursue your means to an end, in the form of good faith – this time known as a personal loan. 

The post An Earnest Deposit Could Be Your Ticket To Winning Your Bid appeared first on Grand Rapids Property Values.

Loan vs. Credit Card: Which Should I Get?

Getting strapped for cash is the worst. But when you are in that situation, it is difficult to know what is the right route for you and your wallet. When you need to borrow money to cover an expense, you might consider a credit card or a personal loan. Deciding which is better depends on […]

The post Loan vs. Credit Card: Which Should I Get? appeared first on THE INCOME TAX PLANNING NETWORK.

The post Loan vs. Credit Card: Which Should I Get? appeared first on RentToOwnReviews.

Finding the Right ZIPPY Personal Loan for Your Needs

Let’s be honest here: those ‘personal loans’ we keep hearing about get a nasty bad rep in the financial arena, for obvious reasons. Either you can’t ever get approved for one, or they get you into more trouble than you’re already in. So generally speaking, many frown on the American institution known as the personal loan. […]

The post Finding the Right ZIPPY Personal Loan for Your Needs appeared first on THE INCOME TAX PLANNING NETWORK.

The post Finding the Right ZIPPY Personal Loan for Your Needs appeared first on Independent Credit Solutions.

3 Secret Real Estate Money Saving Tips for Down Payments and Closing Costs

That’s the one thing many first-time home buyers stress on the most: the money. “Will we have enough for a down payment? “What about taxes?” “How will we cover closing costs?” You can watch the stress bleed out of their pores and cause hernias without lifting a single piece of furniture during move-in day. And the sad fact is this — they really should be stressed, because the real estate market is cutthroat. It’s deadly. It’s wicked.

But We Have the Secret Tools, the Hidden Resources, the True Real Estate Money-Saving Tips You’ll Need to Actually Make It Easy

And it’s not like a lot of these tips we have are often advertised all over the Google search engine either. real estate money-saving tips-1Sometimes you might even find your real estate attorney, broker or agent might neglect to mention any of these, not for lack of thinking about it, but because they don’t know you need the help. It’s all about communication.

So this is us communicating with you. You have options. You have possibilities to get into that home with zero down, potentially. You have the ability to work on getting into that RTO home, collaborating with the landlord, and then exercising your lease option-to-buy like a champ. All you need to do is take advantage of these three real estate money saving tips:

  • Don’t Be Afraid to Ask Your Lender About the Mysterious “203(k)” — What’s the “203(k)”? You’ll find out right here.
  • Cash Gifts Count for That Down Payment — Yes, your income factors into that down payment, but here’s the thing….
  • Cash Gifts Also Count for Your Closing Costs! — We know it sounds too good to be true, but who knows: you can ask your lender, and you might get lucky. Just how much could you save? Click here to find out.

And that’s just the start….

Real Estate Money Saving Tips at Its Best

You have to remember that the real estate market is only as healthy as the people who are willing to take the chance and buy those properties out there. Developments rise up; but they’re useless unless someone’s willing to move in.

So investigate. Research. Learn. There’s a lot of help out there, and with our market continuing to grow, these real estate money saving tips will only just be the beginning.

The post 3 Secret Real Estate Money Saving Tips for Down Payments and Closing Costs appeared first on The Complete Real Estate Site.