Banks Equity Option period Proof of funds 
HomeLight
MARCH 13, 2023
Airbnb owners get tired of paying management fees and dealing with customer complaints and negative ratings, but they have too little equity to sell the traditional way. Reiner advises asking for proof of funds such as a bank statement to ensure the buyer has sufficient resources to close the deal.
HomeLight
MARCH 16, 2023
There are just not enough buyers who have a good credit rating and can get bank underwriting,” he says. You’ll get speed and convenience in exchange for some of the property’s equity,” says Naumann. The buyer does due diligence during the option period in Texas. But that’s no longer the case.
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