HomeLight

JULY 31, 2020

These could include: The appraisal contingency : Lenders require an appraisal, but if you are paying cash and you’re confident that the price is fair, you don’t need one. The inspection contingency : As a cash buyer, an inspection contingency is optional. This can save you between $300 and $450.

Purchase and sale agreement 98

Purchase and sale agreement Inspection contingency Proof of funds Finance 98

Point2Homes

SEPTEMBER 30, 2021

You can protect yourself from potential cash buyer scams by requesting ‘Proof of Funds’ documentation and asking for a non-refundable deposit that’s at least 5% of the selling price. If not, the deal falls through. They’re often a sign that the buyer doesn’t actually have the money to buy the house and can’t qualify for a loan.

Pre-approval 98

Pre-approval Inspection contingency Proof of funds Due diligence 98

Redfin

AUGUST 29, 2024

Homeownership is a long-term investment, and staying in one place allows you to build equity and stability. So if the inspection report shows issues with the foundation or leaks in the roof, it’s best to address them with the seller now. What is a home inspection contingency? on your close date.

Earnest money deposit 52

Earnest money deposit Purchase and sale agreement Pre-approval Debt-to-income ratio 52

HomeLight

MARCH 13, 2023

Airbnb owners get tired of paying management fees and dealing with customer complaints and negative ratings, but they have too little equity to sell the traditional way. Reiner advises asking for proof of funds such as a bank statement to ensure the buyer has sufficient resources to close the deal.

Sales 98

Sales Investor Due diligence Renovation 98

HomeLight

JULY 31, 2021

Value-add is the process of remodeling a home or complex to increase the value and add equity,” Shipwash explains. “In Harvell also suggests getting concrete proof that the buyer has purchased properties in their name as part of the vetting process. Verification of funds. Inspection period. Step 6: Pass the inspection.

Earnest money deposit 98

Earnest money deposit Inspection Inspection contingency Title 98

HomeLight

MARCH 16, 2023

You’ll get speed and convenience in exchange for some of the property’s equity,” says Naumann. 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. Don’t expect to get top dollar if you sell your Houston home to a cash buyer.

Sales 93

Sales Purchase and sale agreement Earnest money deposit Investor 93