Banks Marketing Proof of funds Staging 
Realty Biz
SEPTEMBER 15, 2023
Others don’t want to spend more time and effort preparing their homes, which involves making repairs, upgrades, and staging before sale. Cash sales remain strong, even as the real estate market recovers from the low housing inventory and soaring mortgage rates. Cash homebuyers can present several documents as proof of funds.
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. Translating that to real estate terms, selling a house for cash goes something like this: Request an offer: You skip the staging and showing process and go straight to requesting an offer. You get paid!
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HomeLight
AUGUST 31, 2020
You may have heard that short sales, foreclosures, or bank-owned properties offer great opportunities for a steal , but what do these different terms mean, and how does the homebuying transaction work for each? You will learn what each stage of the process looks like as we define the different terms clearly.
The Close
DECEMBER 29, 2022
Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. There is always a chance a sale might not go through, especially in today’s wild interest rate market. It’s often presented as a percentage of the fair market value. Assignment.
HomeLight
JUNE 29, 2021
Cash offers are becoming more common, especially in this extremely competitive market,” Latif says. A cash offer may come from a homebuyer with liquid funds who wants an edge over the competition. Compare the offer against your home’s fair market value. Cash offers are often lower than the market value of your home.
HomeLight
JUNE 28, 2022
They send bank and financial statements without even being asked, to “prove” they can afford to pay cash. While proof of funds is part of a legitimate cash deal , the information would always pass between your agents and the escrow company. Buyers in a hot market can start to feel desperate to find a house. Probably not.
HomeLight
SEPTEMBER 16, 2021
So while you can expect to receive somewhat of a discount on price — how much so will depend on market competition and the state of your home — you should get a ballpark idea of your home’s current fair market value so you can recognize if you’re getting lowballed. Our Home Value Estimator is a good place to start.
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