The Close
FEBRUARY 14, 2024
Plus, consider the fact that if an issue arises during the inspection, they can offer a credit to keep the deal moving forward. If it’s a cash buyer, ask to see the pre-approval letter or proof of funds—and even if they have the contact information for their lender or banker. Fact : Sometimes buyers can be pushy about this.
The Close
DECEMBER 29, 2022
A contingency might be the buyer selling their current house, requiring certain repairs to be made, or obtaining a clean termite inspection. Don’t you love it when the co-borrower is the client’s dad who comes along on the inspection and is suddenly an expert on chimney engineering? Home inspection. Proof of funds.
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HomeLight
JUNE 7, 2022
Two months of bank statements as proof of funds to show you have the down payment that you say you do. Proof of other forms of income like child support or rental income if you own other investment properties. Retirement or brokerage account statements. Closing conditions (inspections, appraisal, title search, etc.)
HomeLight
NOVEMBER 10, 2022
Lalez suggests getting a pre-listing inspection. The top five brokerages in Chicago use proprietary search platforms,” Lalez explains. Here are key considerations when considering an offer on your Chicago home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. None push FSBO.”
HomeLight
NOVEMBER 14, 2022
To help, his brokerage has an in-house lender that offers local FSBO sellers the free service of screening buyers. Here are other key considerations when considering an offer on your New York home: Vet potential buyers by asking for proof of funds. Denying a buyer the opportunity to complete a home inspection.
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