Non Refundable Earnest Money: The Key to Serious Buyers #realestateinvesting #realestatesuccess
💰 Want to avoid costly delays and protect your deals? After 1000+ transactions, here’s the hard truth: if a buyer won’t put down non-refundable earnest money after the inspection period, they’re either not serious or worried about their loan approval—either way, they can waste your time.
Without this requirement, buyers have zero skin in the game and can tie up your property for 30–60 days, only to back out if their financing falls through—leaving you stuck with extra holding costs.
The solution? Require non-refundable earnest money. If the loan fails, you keep that deposit to offset costs—or refund it at your discretion. Either way, YOU stay in control.
#realestate #smartinvesting #realestatestrategy #realestateinvestor #creativerealestate #mentor #success #smartselling #earnestmoney
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Last flip house I did, $5k earnest money non refundable deposit, no inspection, cash with proof of funds, close in < 30 days was my offer. I got the house for $30k less than a higher offer that had contingencies. I had a pretty much guaranteed deal for the seller vs a bunch of hoops and a maybe to jump through.