Learn how to MINIMIZE your FINANCIAL RISK if you have to CANCEL a REAL ESTATE Contract. This is a housing market update of the Top 10 metros seeing the MOST homebuyer cancellations followed by the education you can use to protect your money. What happened to the 64,000 homebuyer's EARNEST MONEY DEPOSIT when they canceled their deal?
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📒 Show Notes 📒
1️⃣ Chapter Markers
0:00 - Intro
0:11 - REDFIN Reports the HIGHEST LEVEL on Record as Homebuyer Cancellations SOAR
0:35 - Top 10 Metros with the MOST Homebuyer DROPOUTS
REDFIN POST: https://www.redfin.com/news/home-purc...
3:15 - Are Declining Real Estate Sales creating a GOOD TIME to Buy a House?
4:15 - How to MINIMIZE Your FINANCIAL RISK in a Real Estate Contract
5:40 - Top Reasons Why Buyers CANCEL Contracts
Realtor Magazine: https://magazine.realtor/sales-and-ma...
6:25 - 4 Questions to Ask When a Deal Breaks
7:55 - What is EMD (Earnest Money Deposit)? | aka "Good Faith Deposit"
9:19 - What is a Real Estate Contingency?
9:30 - 6 Common Real Estate Contingencies

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QUESTION ❓ - Why are you buying a house this year? Tell us your reasons why in the comments below. Thanks.

🎬 About: According to a recent REDFIN post, 64,000 homebuyers walked away from deals recently. In this video, you'll get the news plus the education you can use to minimize your financial risk if you cancel a real estate contract.

Andrew Finney
Trusted Real Estate Advisor/ USMC Veteran
S.0173260
www.andrewfinneyteam.com

King Realty Group
6955 N. Durango Drive Suite 1004
Las Vegas, NV 89149

#whatisemd #realestatecontingency

Disclaimers/ Credits:
At the time of production, Andrew Finney, S.0173260, is a real estate salesperson with King Realty Group (KRG) in Las Vegas, NV. Andrew's videos are his own and do not necessarily represent the views and/ or opinions of KRG. The purpose of Andrew's videos is to educate you and help you make sense of the real estate process. I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. If you have questions about home loans, real estate, taxes, financial advice, real estate law, insurance, professional trades, or any other services, you are advised to reach out to the appropriate professional for further counsel about your own unique situation. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or any other and may be outdated or inaccurate; it is your responsibility to verify all information for yourself. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that is free from error. Linked items may create a financial benefit for Andrew Finney Team. Any use of other media is by fair-use or license only.