CT Homes

OCTOBER 30, 2020

It’s extremely important that you do your due diligence on every interested buyer that submits an offer. Look to see that the inspection period is not unnecessarily long. If they are offering cash make sure they submit an updated proof of funds letter. Inspections. Earnest Money Deposit.

Earnest money deposit 78

Earnest money deposit Inspection Proof of funds Due diligence 78

HomeLight

APRIL 30, 2021

A cash offer simply means you have all the money you need to buy the home in cash. If you’re using cash, you’ll have to show proof of funds with your offer. Because of the due diligence involved with issuing mortgages, it takes a lot longer to close on a home with one. Step 2: Deposit your earnest money.

Due diligence 102

Due diligence Finance Proof of funds Earnest money deposit 102

HomeLight

MAY 24, 2022

Everyone involved will need time to perform their due diligence. The seller needs to verify that the cash buyer has the money to buy the house: 24 to 48 hours. Without a lender to verify funds, the seller will likely request proof of funds and earnest money from the buyer.

Purchase and sale agreement 106

Purchase and sale agreement Closing Title search Title 106

HomeLight

JULY 31, 2021

Beyond doing your due diligence online, it’s also a good idea to pick up the phone and put a voice to the business. Harvell also suggests getting concrete proof that the buyer has purchased properties in their name as part of the vetting process. Verification of funds. Earnest money deposit.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

HomeLight

MARCH 16, 2023

He adds that negotiations and home inspection issues could further reduce the price by 10%. You don’t need the added stress that comes with the risk of the buyer’s financing falling through or a home inspection turning up unpleasant surprises. The buyer does due diligence during the option period in Texas.

Sales 67

Sales Purchase and sale agreement Earnest money deposit Investor 67

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? Due diligence period. Home inspection.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98