Housing Wire

DECEMBER 8, 2023

You know what you do, but how do you explain it in such a way that a buyer understands your value, the required agency forms and everything involved to make it to the closing table? 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.

Proof of funds 429

Proof of funds Inspection contingency Inspection MLS 429

HomeLight

OCTOBER 30, 2020

Selling a house “as is” without inspection is the definition of driving a hard bargain. As for whether you can sell a house as is without inspection — the answer is yes, it’s possible and does happen. And for sellers of distressed homes or inherited property, it can be an appropriate strategy to facilitate a streamlined closing.

Inspection 94

Inspection As-is Inspection contingency Investor 94

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 103

Inspection contingency Proof of funds Inspection Title 103

HomeLight

JUNE 29, 2021

Your sale is more likely to close and close faster with a cash offer than with an offer that hinges on a mortgage approval. This means that the buyer has the funds to purchase the home in full. Cash offers are more likely to close and close faster than those backed by a lender. OK, but what exactly is a cash offer?

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. (No Graves points out that other contingencies are also optional with an all-cash offer.

Purchase and sale agreement 97

Purchase and sale agreement Inspection contingency Proof of funds Finance 97

Point2Homes

SEPTEMBER 30, 2021

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. Signs of potential delays, scams or suspicious offers should all raise red flags.

Pre-approval 98

Pre-approval Proof of funds Inspection contingency Due diligence 98

HomeLight

OCTOBER 20, 2022

Even if you did a pre-inspection, the buyer will almost certainly do a home inspection – particularly if there are any inspection contingencies in the offer or if the lender requires it. The buyer needs this in order to calculate the cost of taxes at closing. For Sale By Owner (FSBO). Mandatory disclosures.

Purchase and sale agreement 102

Purchase and sale agreement Pre-approval Inspection MLS 102