Guidance Along the Way
You don’t have to navigate newer real estate technology on your own.
An agent familiar with both traditional real estate and newer digital platforms can help guide you through the process and show you how these tools fit into your purchase.
The goal is to make the process easier to navigate, more organized and more secure—not to leave you figuring it out by yourself.
Once you find a property you want to pursue, there are a few things you’ll want to have ready before making an offer.
What Should You Have Ready?
Start with the basics:
Your Purchase Option ✓
Pre-Approval or Proof of Funds ✓
Earnest Money Funds ✓
Identification & Contact Information ✓
You don’t need to have every detail of your offer figured out yet.
Things such as price, dates, inspections, contingencies and other terms will be considered when the offer is prepared.
For now, the goal is simply to be prepared.
Ways to Purchase a Property
There are different ways to purchase a property depending on your situation.
Traditional Mortgage
Finance the purchase through a lender.
Cash
Use funds you already have available.
Cryptocurrency
Some transactions may allow supported digital assets such as Bitcoin, Ethereum or USDC to be used toward the purchase.
Crypto-Backed Financing
Some financing options allow qualified buyers to use cryptocurrency as collateral instead of selling it first.
Cryptocurrency is simply another option. You don’t need it to use newer digital real estate tools.
Showing You’re Ready to Buy
Before making an offer, you may need to show that you’re financially prepared.
Using a Mortgage?
Have a pre-approval letter from your lender.
Paying Cash?
You may need proof of funds showing that the money is available.
Using Cryptocurrency?
Digital tools can help verify supported crypto assets without requiring you to sell them first.
For example, Propy’s platform offers proof-of-funds verification for supported digital assets.
Think of it as a digital way to show that the funds are there.
Be Ready for Earnest Money
Earnest money is money you agree to deposit if your offer is accepted. It shows the seller you’re serious about the purchase.
The amount, when it’s due and where it’s held will be outlined in your purchase agreement.
If the purchase closes, the earnest money is generally credited toward your purchase at closing.
What If You’re Using the Propy Platform?
If you’re using the Propy platform, you can still use a local title or escrow company to hold the earnest money.
In states where Propy Title & Escrow provides services, that may also be an option.
Ready to Make an Offer?
Once you have the basics ready, you’re prepared for the next step.
You don’t have to figure out the offer on your own. An experienced real estate agent can help you understand your options and guide you through the price, terms, dates and other important decisions.
Being prepared simply means you’re ready to move forward when the right property comes along.
CONTINUE LEARNING
Making an Offer
See how an offer can be prepared, submitted and followed using newer digital tools.
Making an Offer →
