Realty Biz

MARCH 30, 2023

Documentation and the Pre-Approval Process Pre-approval is a must for anyone looking to purchase a home. Be sure to have all of your documentation in order and ready to go before starting the pre-approval process. This includes bank statements, tax returns, pay stubs, credit report information, etc.

Mortgages 102

Mortgages Pre-approval Pre-qualification Due diligence 102

HomeLight

APRIL 26, 2023

The first due diligence you want to do is make sure they have proof of funds ,” Graham recommends. A bank statement will help weed out people who are just looking around and don’t have the qualifications to purchase your house from legitimate buyers who can obtain financing. Require everything in writing.

MLS 68

MLS Agents Sales Proof of funds 68

The Close

DECEMBER 29, 2022

Construction loan. This is when a homeowner turns a deed over to the mortgaging bank to avoid going into foreclosure. Due diligence period. What if your clients are asking about their due diligence period? This is the amount of a property that a person (not the bank) actually owns. Contingency.

Purchase and sale agreement 97

Purchase and sale agreement Title Proof of funds Pre-approval 97