HomeLight

JUNE 29, 2021

Selling to a house flipper is an attractive option if you want to skip repairs and staging, but beware — home flippers turn large profits on houses by buying them for well below their market value. Home inspection contingency. An all-cash buyer, on the other hand, has not been vetted by a bank.

Inspection contingency 57

Inspection contingency Proof of funds Inspection Pre-approval 57

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. Harvell also suggests getting concrete proof that the buyer has purchased properties in their name as part of the vetting process. Verification of funds. Inspection period.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

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. With a cash home buyer, there are usually no financing or inspection contingencies typically found in traditional real estate contracts. The seller and buyer agree on a price and terms.

Sales 81

Sales Investor Due diligence Renovation 81

HomeLight

MARCH 16, 2023

There are just not enough buyers who have a good credit rating and can get bank underwriting,” he says. Ramcharitar advises asking for proof of funds such as a bank statement to ensure the buyer has enough resources to cover the price of the home. But that’s no longer the case.

Sales 66

Sales Purchase and sale agreement Earnest money deposit Investor 66