Winchester Equities has developed a creative financing vehicle to provide 100% soft deposit financing for real estate transactions. The program gives buyers the control they need to compete in todayâ€™s fiercely competitive Real Estate market without the risk of losing a deal due to a temporary lack of liquidity.
A soft deposit, also called good faith deposit or earnest money, is a deposit made to a seller showing that a buyer is serious about purchasing a property. During the negotiated due diligence period, this deposit can be fully refundable should the buyer elect to terminate the contract. This earnest money allows the buyer additional time when seeking financing and is typically held by the sellerâ€™s attorneyâ€™s escrow account or a national escrow agent.
Buyers facing temporary illiquidity will be unable to tie up the property with a contract and will risk losing the dealâ€¦enter Winchester's revolutionary real estate option program.