The Residential Specialist
FEBRUARY 27, 2024
Lisa Paffrath, CRS, broker/owner of Better Homes and Gardens Real Estate Grand View North in Flagstaff, Arizona, works near the Grand Canyon with a lot of vacant land. One growing form of fraud, according to Veach, involves people posing as potential buyers with the intent to steal confidential banking information during money transfers.
HomeLight
SEPTEMBER 9, 2020
Once you’ve figured out where the money is coming from, it will be easier to take the next step: getting proof that you have the cash. Obtain proof of funds from the bank. Providing a proof-of-funds letter is more secure than forking over a bank statement, which contains sensitive information.
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HomeLight
JUNE 19, 2023
It’s a plot of land. It makes you wonder: what’s the process for buying land with cash? Get Started Step 1: Find the land for sale You won’t always be lucky enough to drive past a plot of land that’s the perfect investment opportunity for you. There are real estate agents who specialize in land plots.
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
SEPTEMBER 16, 2021
You should also request proof of funds to confirm that the buyer actually has the available cash to complete the purchase. This verification can come in the form of a certified bank letter with the official letterhead and should have the signature of the authorized bank personnel. Compare your offer to an agent’s CMA.
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
NOVEMBER 21, 2022
A feature of your home that adds value is land. People want land and a home. Johnson says, “A feature of your home that adds value is land. People want land and a home. For example, we know Louisianan buyers place a premium on land. Buyers want more space now to enjoy their home. Require everything in writing.
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