You need to have a good plan and execute all the way through.

Why would a lender put an address on a pre-approval letter without having an executed purchase contract?

How the heck is someone supposed to execute a plan if they are always behind the 8-ball trying to pay everybody and their brother all the money they owe them??!!!

Then as trustee, you execute the escrow docs and have your buyer, the beneficiary, send in the EMD.You do not have to do it this way either and with some sellers, it may not be possible.

When I started out in Real Estate, I worked as an executive assistant in an office with 35 agents.

This can leave you in a vulnerable position, or make it tough to find a contractor to work with you.

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Sergio -The bank will typically continue to take offers until you have a fully executed contract, meaning all documents have been signed by both parties.

You want to rip out the first dozen pages of glossy pics with smiling executives.

Jose, you should have 10 days from the time the contract was executed to back out of the deal based on how inspections go.