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. Construction loan. Due diligence period. What if your clients are asking about their due diligence period? Pre-approval. Contingency.

Purchase and sale agreement 97

Purchase and sale agreement Title Proof of funds Pre-approval 97

HomeLight

MARCH 13, 2023

New construction surge contributing to competition for buyers. Certainty: With a pre-offer walk-through, a cash home buyer can typically provide a firm cash offer that comes with few, if any, contingencies. No pre-qualifying for a loan. Instead, however, he advises sellers to validate cash buyers for proof of funds.

Sales 70

Sales Investor House Flipping Pre-approval 70

HomeLight

APRIL 26, 2023

The first due diligence you want to do is make sure they have proof of funds ,” Graham recommends. Graham says the next step is to ask for a pre-approval letter from a reputable mortgage company that you’re comfortable with. Require everything in writing. Remember, you can counter-offer and negotiate.

MLS 68

MLS Agents Sales Proof of funds 68