Banks Pre-approval Proof of funds Staging 
HomeLight
JUNE 29, 2021
Your sale is more likely to close and close faster with a cash offer than with an offer that hinges on a mortgage approval. 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.
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! iBuyers.
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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
MARCH 13, 2023
More certainty: With a pre-offer walk-through, a cash home buyer can generally provide a firm cash offer that comes with few contingencies, or no contingencies at all. You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises.
HomeLight
MAY 25, 2023
Stage the home with final touches like fresh-cut flowers or a basket of fresh produce. Richter cautions FSBO sellers that private appraisals may differ from bank appraisals. “I With our current climate of changing interest rates, that same pre-approval from a month ago may not be valid today for the price of their home,” Richter says.
The Close
DECEMBER 29, 2022
If your clients are concerned about getting approved for a loan, you can remind them that a co-borrower agrees to back the borrower in a mortgage loan. This is when a homeowner turns a deed over to the mortgaging bank to avoid going into foreclosure. This is the amount of a property that a person (not the bank) actually owns.
HomeLight
APRIL 26, 2023
Stage the home with final touches like fresh-cut flowers or a basket of fresh produce. Graham recommends staging the front porch “to give a visual for the potential buyers of seeing themselves in that home relaxing.” The first due diligence you want to do is make sure they have proof of funds ,” Graham recommends.
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