HomeLight

AUGUST 31, 2021

A divorce, job move, or low bank account can all be strong motivators to go for the speed and convenience of a cash sale. Ask for proof of funds: You should always obtain documentation that a person or company is who they say they are and actually has the funds and abilities to complete a transaction of this size.

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Proof of funds Investor Due diligence Closing 144

HomeLight

MARCH 13, 2023

More certainty: With a pre-offer walk-through, a cash home buyer can generally provide a firm cash offer that comes with few contingencies, or no contingencies at all. You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises.

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Sales Investor Due diligence Renovation 98

HomeLight

MARCH 16, 2023

There are just not enough buyers who have a good credit rating and can get bank underwriting,” he says. More certainty: With a pre-offer walk-through, a cash home buyer can typically provide a firm cash offer that comes with few contingencies, or no contingencies at all. The buyer does due diligence during the option period in Texas.

Sales 93

Sales Purchase and sale agreement Earnest money deposit Investor 93

HomeLight

APRIL 26, 2023

The first due diligence you want to do is make sure they have proof of funds ,” Graham recommends. A bank statement will help weed out people who are just looking around and don’t have the qualifications to purchase your house from legitimate buyers who can obtain financing. Require everything in writing.

MLS 96

MLS Agents Sales Proof of funds 96

The Close

DECEMBER 29, 2022

If your clients are concerned about getting approved for a loan, you can remind them that a co-borrower agrees to back the borrower in a mortgage loan. This is when a homeowner turns a deed over to the mortgaging bank to avoid going into foreclosure. Due diligence period. Generally, this refers to earnest money funds.

Purchase and sale agreement 97

Purchase and sale agreement Title Proof of funds Pre-approval 97

HomeLight

NOVEMBER 23, 2022

However, cautions Raymond, “It’s a good start, but you also have to remember that the bank (financing a buyer’s loan) is going to do their own appraisal. So keep in mind that your own appraisal is not a guarantee of how much a buyer will pay, nor how much a bank will approve. It’s just an opinion backed by their facts.”

MLS 103

MLS Agents Sales Closing 103

HomeLight

OCTOBER 14, 2022

It’s not from a bank, it’s not an independent assessment of what the value is.”. Before signing anything, Alden says to prepare to do some research and practice due diligence. “You can get an appraisal, but know that you’ll sometimes get a biased result,” Alden explains. Make sense of the research. Earnest money, for example.

MLS 100

MLS Agents Sales Mortgage pre-approval letter 100