HomeLight

APRIL 9, 2024

Do your due diligence When exploring cash-for-homes options, it’s crucial to ensure the company’s legitimacy. Before signing an offer, ask for proof of funds Confirming that your cash buyer has the necessary funds for the purchase is a key step in the selling process.

Proof of funds 107

Proof of funds Due diligence Investor Banks 107

HomeLight

APRIL 22, 2024

Do your due diligence Thorough vetting is crucial when considering a cash buyer, whether it be a company or an individual. Before signing an offer, ask for proof of funds Before you finalize any deal, it’s essential to verify that the cash buyer has the necessary funds available.

Proof of funds 62

Proof of funds Sales Due diligence Investor 62

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.

Earnest money deposit 98

Earnest money deposit Proof of funds Due diligence Title 98

HomeLight

APRIL 5, 2024

Do your due diligence If you’ve found a cash buyer you’re considering selling your house to, it’s important to thoroughly vet that company or individual to make sure they’re legitimate. Before signing an offer, ask for proof of funds It’s important to choose a reputable cash buyer with readily available funds.

Proof of funds 106

Proof of funds Sales Due diligence Investor 106

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.

Proof of funds 144

Proof of funds Investor Due diligence Closing 144

HomeLight

MARCH 13, 2023

Reiner advises asking for proof of funds such as a bank statement to ensure the buyer has sufficient resources to close the deal. The buyer does due diligence during the option period in Florida. Due diligence for a cash buyer is mostly title related. The seller and buyer agree on a price and terms.

Sales 93

Sales Investor Due diligence Renovation 93

HomeLight

MAY 24, 2022

Even though it’s all cash to the sellers at closing, with a cash offer, “you don’t have to go through the appraisal or the bank approval process — it’s cleaner.”. Everyone involved will need time to perform their due diligence. With a mortgage, the bank verifies that the buyer has the down payment available to close.

Purchase and sale agreement 109

Purchase and sale agreement Closing Title search Title 109