Due diligence Land Pre-approval Proof of funds 
Point2Homes
SEPTEMBER 30, 2021
The Buyer Is Not Pre-approved for a Loan. Although buyers are not required to be pre-approved for a loan in order to buy a house, expecting them to be is perfectly reasonable. As a seller, you will save valuable time when dealing with pre-approved buyers. The Buyer Is Asking for Cashback.
HomeLight
AUGUST 31, 2021
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. Ask for proof of funds and EMD. Check their BBB rating. Request Cash Offer. Lower-maintenance sale.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
HomeLight
APRIL 26, 2023
The first due diligence you want to do is make sure they have proof of funds ,” Graham recommends. Graham says the next step is to ask for a pre-approval letter from a reputable mortgage company that you’re comfortable with. Require everything in writing. Remember, you can counter-offer and negotiate.
HomeLight
DECEMBER 6, 2022
Murphy says some New Jersey towns offer full-day pre-K. She cautions that buyers can get a pre-approval letter online that’s not worth the paper it’s written on. 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.
HomeLight
DECEMBER 8, 2022
FSBO sellers might want to hire a home inspector for a pre-listing inspection to ferret out any major issues, such as a tired roof, then fix those items before going to market, she adds. Yours better be the biggest and brightest [home] and have the most land” to be competitive. Usable land is key.”. List your home online.
HomeLight
NOVEMBER 23, 2022
If you live on some acreage, Raymond recommends catering to the West Virginia lifestyle many buyers want: “Any time that they’re on over an acre of land, I try to get my own clients — and I would suggest the same to someone selling on their own — to clear as much of the land as possible, because a lot of these people do want gardens and livestock.
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. Due diligence period. What if your clients are asking about their due diligence period? One example is someone using a private road to access their own land.
Expert insights. Personalized for you.
98 
Let's personalize your content