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Fighting Against Real Estate Fraud

The Residential Specialist

Agents must stay vigilant as fraud and scams become more prevalent in the residential real estate profession By Jason Henninger Anywhere there are financial transactions, the threat of fraud comes with them. In encountering the aforementioned scam, Veach had asked for and received bank statements, identification and proof of funds.

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Tempted by a Cash Offer for Your Home? Dissect It With This Guide

HomeLight

A cash offer is an offer made by a homebuyer who wants to purchase a piece of residential real estate without borrowing money from a lender. This means that the buyer has the funds to purchase the home in full. Investors are responsible for 20% of residential real estate sales in the U.S. OK, but what exactly is a cash offer?

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Can You Sell a House As Is Without Inspection? A Reality Check

HomeLight

With Simple Sale , you can rest assured that every buyer on our platform has been stringently vetted and that we’ve verified their proof of funds. Some scammers in the real estate investor space will take advantage of who they believe to be a desperate seller. Source: (Karolina Grabowska / Pexels). The downside of no inspection?

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Everything You Need To Know About Selling A House With A Bad Roof

Realty Biz

Most states mandate that homeowners fill out a residential disclosure form which includes specific disclosures about the roof. We’ll now discuss how to market to as-is residential property owners. Experienced Have a track record Have proof of funds. What Kind Of Buyer Would Purchase A Home With A Leaky Roof As Is?

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10 Things Your Real Estate Business Plan Needs (FREE Template)

Kyle Handy

Documentation: Ensure that all necessary documents, such as pre-approval letters and proof of funds, are in order. Keep in mind: Research: Analyze comparable properties in the area to establish a competitive price for the offer.

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Selling to Florida Cash Home Buyers: Tips from Experts

HomeLight

Before signing an offer, ask for proof of funds. The serious, professional, reliable home buyers will gladly show you legitimate proof of funds.”. Also check to make sure the company is listed with the Better Business Bureau. How to request a cash offer in Florida. Not sure how to find a cash buyer in Florida?

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How to Get Cash for Your Home: A Step-by-Step Guide

HomeLight

Although it’s not as sure of a bet, you could also attract a regular residential buyer who has enough liquid assets to buy a house outright. Harvell also suggests getting concrete proof that the buyer has purchased properties in their name as part of the vetting process. Verification of funds. Verify past sales.