article thumbnail

11 Things to Know Before Buying a House

Redfin

Proof of funds (POF): A POF is a lender-issued document showing how much money a person has to cover the purchase costs. When purchasing a home, you may need a POF to show the seller that you can cover the closing costs, purchase price, and down payment. You may qualify for first-time homebuyer programs.

article thumbnail

How to Sell a House By Owner in Kansas

HomeLight

Next: Consult our guide on who pays closing costs when selling a house by owner for more details. Make sure you understand things like closing costs,” he says. Your contract might read a 50-50 split of closing costs, but those don’t include any additional loan costs, which must be covered by the buyer.”

MLS 94
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Sell a House By Owner: 2022 FSBO Guide

HomeLight

Next: Consult our guide on who pays closing costs when selling a house by owner for more details. Before signing anything, here are key considerations: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Close the sale — with professional help. See the next step!).

MLS 101
article thumbnail

How to Sell a House By Owner in Mississippi

HomeLight

Next: Consult our guide on who pays closing costs when selling a house by owner for more details. Here are key considerations when considering an offer on your Mississippi home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Require everything in writing.

MLS 82
article thumbnail

How to Sell a House By Owner in Alabama

HomeLight

Next: Consult our guide on who pays closing costs when selling a house by owner for more details. Otherwise, you could find hefty repair costs eating into your profit, or the sale could go up in smoke if the loan falls through due to appraisal issues. Require everything in writing. Remember, you can counter-offer and negotiate.

MLS 73
article thumbnail

How to Sell a House By Owner in Maryland

HomeLight

Next: Consult our guide on who pays closing costs when selling a house by owner for more details. Here are key considerations when considering an offer on your Maryland home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Require everything in writing. See the next step!)

MLS 78
article thumbnail

How to Sell a House By Owner in Utah

HomeLight

Next: Consult our guide on who pays closing costs when selling a house by owner for more details. Here are key considerations when considering an offer on your Utah home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Require everything in writing. See the next step!)

MLS 89