Development Due diligence Inspection contingency Proof of funds 
HomeLight
MARCH 13, 2023
As concrete foundations settle on sandy soil, houses may develop settlement cracks and other foundation issues. Reiner advises asking for proof of funds such as a bank statement to ensure the buyer has sufficient resources to close the deal. The buyer does due diligence during the option period in Florida.
HomeLight
MARCH 16, 2023
Ramcharitar advises asking for proof of funds such as a bank statement to ensure the buyer has enough resources to cover the price of the home. With a cash home buyer, there are usually no financing or inspection contingencies typically found in traditional real estate contracts.
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