Banks Due diligence Land Proof of funds 
The Residential Specialist
FEBRUARY 27, 2024
Do some digging: “You have to be very careful and do your due diligence when you’re contacted,” says Dallison Veach, CRS, owner of Veach Realty Group in Springfield, Virginia. In encountering the aforementioned scam, Veach had asked for and received bank statements, identification and proof of funds.
HomeLight
MAY 15, 2024
News ranking , Raleigh, Durham, and Charlotte all landed in the top five. Do your due diligence When dealing with cash-for-homes companies, it’s crucial to verify their credibility to avoid scams. North Carolina is home to some of the hottest housing markets in the country. In a recent U.S.
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HomeLight
AUGUST 31, 2021
A divorce, job move, or low bank account can all be strong motivators to go for the speed and convenience of a cash sale. Ask for proof of funds: You should always obtain documentation that a person or company is who they say they are and actually has the funds and abilities to complete a transaction of this size.
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. When looking for properties to buy, he focuses on single- and multi-family homes rather than vacant land or mobile homes because they allow for “value-add.”. If only there were a way to — poof!
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.
HomeLight
NOVEMBER 23, 2022
If you live on some acreage, Raymond recommends catering to the West Virginia lifestyle many buyers want: “Any time that they’re on over an acre of land, I try to get my own clients — and I would suggest the same to someone selling on their own — to clear as much of the land as possible, because a lot of these people do want gardens and livestock.
The Close
DECEMBER 29, 2022
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? One example is someone using a private road to access their own land. Generally, this refers to earnest money funds.
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