Housing Wire

DECEMBER 8, 2023

Have the best, most-detailed lender’s letter or proof of funds so your offer won’t be tabled because it’s too vague or boilerplate. Guide them through escrow Once you’ve won the offer, help your clients through the contingencies, inspections, the appraisal process and the final walk-through.

Proof of funds 393

Proof of funds Inspection contingency Inspection MLS 393

HomeLight

SEPTEMBER 9, 2020

Once you’ve figured out where the money is coming from, it will be easier to take the next step: getting proof that you have the cash. Obtain proof of funds from the bank. Providing a proof-of-funds letter is more secure than forking over a bank statement, which contains sensitive information. Find your house.

Inspection contingency 102

Inspection contingency Proof of funds Inspection Title 102

HomeLight

JUNE 29, 2021

Review the terms of the deal for contingencies. Cash offers typically come with fewer contingencies than conventional offers. Contingencies are conditions that must be met for a real estate contract to remain binding. If the contingencies aren’t met, the buyer isn’t under obligation to proceed with the purchase of the home.

Inspection contingency 57

Inspection contingency Proof of funds Inspection Pre-approval 57

HomeLight

JULY 31, 2020

This is important: if your real estate agent puts in an all-cash offer on your behalf, they will not include a financing contingency. The seller makes decisions based on the terms of your offer, including contingencies. Graves points out that other contingencies are also optional with an all-cash offer. Pro #4: Possible savings.

Purchase and sale agreement 97

Purchase and sale agreement Inspection contingency Proof of funds Finance 97

Point2Homes

SEPTEMBER 30, 2021

Restrictive Contingency Clauses. Real estate transactions often feature contingency clauses that allow both parties to back out of the sale under the circumstances stipulated in the contract. One common type you’ll encounter is a sale and settlement contingency. If not, the deal falls through. The Buyer Is Asking for Cashback.

Pre-approval 98

Pre-approval Proof of funds Inspection contingency Due diligence 98

HomeLight

JULY 31, 2021

turn four walls and a roof into money in the bank, without the need for inconvenient showings, nail-biting appraisals , or a 50-day closing. They look for motivated sellers who want to close quickly and avoid the potential complications of financing or sale contingencies, even if it means accepting a lower offer price,” he explains.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

HomeLight

OCTOBER 20, 2022

Many FSBO sellers will purchase a pre-listing appraisal. A professional appraisal will help determine the listing price based on fair market value. The buyer’s lender will probably require their own appraisal as part of their loan approval process. Home inspection report. The average home appraisal costs $313 to $421.

Purchase and sale agreement 101

Purchase and sale agreement Pre-approval Inspection MLS 101