Due diligence Finance House Flipping Proof of funds 
HomeLight
AUGUST 31, 2021
“You make a phone call or answer some questions online, agree to an offer, and then it’s not something you have to worry about anymore,” says Doug Van Soest , owner of a house flipping company in Southern California, in describing the typical way things go. Ask for proof of funds and EMD. Check their BBB rating.
HomeLight
MARCH 13, 2023
Competition from house-flip companies. Less hassle: Skip showings and open houses. You don’t have to deal with negotiating offers, low appraisals, or the risk of a buyer’s financing falling through. Instead, however, he advises sellers to validate cash buyers for proof of funds. High interest rates.
Expert insights. Personalized for you.
144 
Let's personalize your content