What is an EDM?

Question

My question is in the subject. A realtor asked me for this before we meet up.

She said she need POF and EDM. I figured POF is proof of funds, but can't find what EDM means. Thank you.

Account Closed · Answer

@Jeremy Knox  Ok, let me get this straight, if, IF the realtor really said EDM, and if, IF, she was really serious and it was not a slip of the tongue....ahem, I would say you probably need a new realtor. That is almost like a doctor saying you need an M.I.R. .....and the doctor was serious.....and it was not a slip of the doctor's tongue.

Hopefully, it was just a slip of the tongue. Or maybe you as a newbie, being a little nervous possibly as you talked to her have a sketchy memory of what you heard. So I will give both of you the benefit of the doubt. It is EMD (Earnest Money Deposit).

Keep an eye on her though going forward to make sure she knows what she is talking about. Ask some prodding questions... in a nice way and see what she says e.g. I was just curious as an investor, what is the average price per square foot of older homes that have not been rehabbed in zipcode 123456 that I am considering investing in?

Sam Craven · Answer

Electronic Discharge Machining?

Electronic Dance Music?

Probably EMD, or Earnest Money Deposit.

Account Closed · Answer

@Jeremy Knox "This is exactly what she said in an e-mail:Please bring your POF, a blank EMD, Articles of Incorporation and Certificate of Good Standing"

Ok. She had it right EMD. You had it wrong EDM.

Gleaning from this one line in her email, and the documentation she is asking for, she sounds like she has worked with or works with serious investors and knows what she is talking about. She might be OK after all.

Mark Ferguson · Answer

Probably EMD, Earnest Money Deposit.  If you are making an offer most sellers will want the earnest money check with the offer or at least a copy of it.

John Moore · Answer

There are always two sides to every story and sometimes even more.  She may be screening you to see how prepared you are to purchase and to eliminate tire kickers.  On the other hand, you may feel that her timing for these items is premature.  You are starting a relationship and you are both sizing each other up.  It is difficult to find a good fit you are only in the beginning stages, if you are asking the Realtor to invest their time they want to make sure you are prepared to make a decision.  Food for thought.

Jeremy Knox · Answer

This is exactly what she said in an e-mail:

Jeremy Knox · Answer

@Anthony,

It was not a slip of the tongue, it was in an e-mail and I don't completely understand your analogy about the doctor or what the problem with her statement is.

What is an EDM?

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