Development Due diligence Pre-approval Proof of funds 
HomeLight
MARCH 13, 2023
Certainty: With a pre-offer walk-through, a cash home buyer can typically provide a firm cash offer that comes with few, if any, contingencies. No pre-qualifying for a loan. Instead, however, he advises sellers to validate cash buyers for proof of funds. The buyer and seller sign the closing documents.
HomeLight
MARCH 13, 2023
As concrete foundations settle on sandy soil, houses may develop settlement cracks and other foundation issues. 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. The seller and buyer agree on a price and terms.
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HomeLight
MARCH 16, 2023
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. Ramcharitar advises asking for proof of funds such as a bank statement to ensure the buyer has enough resources to cover the price of the home.
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. These mortgages were developed in the 1980s in an era of double-digit interest rates when borrowers were hopeful that the rates wouldn’t rise much more. Cost of funds index (COFI).
HomeLight
DECEMBER 13, 2022
Here are key considerations when considering an offer on your Virginia home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Whether the property is subject to a community development authority. Require everything in writing. Remember you can counter-offer and negotiate.
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