Closing Inspection contingency Proof of funds 
Redfin
JULY 14, 2025
The money is held in escrow and is typically applied towards the buyer’s closing costs or down payment. Failing to deliver required documents (like updated proof of funds or loan pre-approval) by the contract deadlines. Example scenario: The buyer waives the inspection contingency to make their offer more competitive.
Rochester Real Estate
NOVEMBER 5, 2015
A pre-approval letter must be included, and proof of funds can also help in a seller’s market. The seller might return with a counteroffer based on your offer’s price, contingencies, or other terms. If you have an inspection contingency, you can back out of your purchase if serious problems are found.
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Redfin
AUGUST 5, 2025
There are several advantages to buying a house with cash, including winning bidding wars and closing quickly on your dream home. Oftentimes, it’s more appealing to the seller because it promises a faster and simpler closing. This shows sellers that you aren’t wasting their time and that you have the funds to back up your offer.
HomeLight
OCTOBER 30, 2020
As for whether you can sell a house as is without inspection — the answer is yes, it’s possible and does happen. And for sellers of distressed homes or inherited property, it can be an appropriate strategy to facilitate a streamlined closing. However, a buyer could still include an inspection contingency in the contract.
HomeLight
JULY 31, 2020
The inspection contingency : As a cash buyer, an inspection contingency is optional. However, inspections are still highly encouraged and only cost around $315 on average.). The sales contingency : A sales contingency means your current house must sell before you close on this new house.
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. They look for motivated sellers who want to close quickly and avoid the potential complications of financing or sale contingencies, even if it means accepting a lower offer price,” he explains.
Point2Homes
SEPTEMBER 30, 2021
In one scenario, the buyer will offer to overpay for the house, then ask you to wire back the difference at closing. You can protect yourself from potential cash buyer scams by requesting ‘Proof of Funds’ documentation and asking for a non-refundable deposit that’s at least 5% of the selling price.
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