The Close

DECEMBER 29, 2022

Due diligence period. What if your clients are asking about their due diligence period? Proof of funds. Clients should be aware that proof of funds is different from pre-approval from a lending institution. These funds must be liquid, not stocks or bonds. Purchase agreement.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98

HomeLight

MARCH 13, 2023

Reiner advises asking for proof of funds such as a bank statement to ensure the buyer has sufficient resources to close the deal. The buyer does due diligence during the option period in Florida. Due diligence for a cash buyer is mostly title related. The seller and buyer agree on a price and terms.

Sales 77

Sales Investor Due diligence Renovation 77

HomeLight

DECEMBER 6, 2022

Stage the home with final touches like fresh-cut flowers or a basket of fresh produce. Zillow is designed to work for the agent and not for the seller,” warns Murphy. So your due diligence should include contacting the lender to ask about the type of financing and whether the buyer has the qualifications to be approved for a loan.

Purchase and sale agreement 73

Purchase and sale agreement MLS Pre-approval Agents 73