Point2Homes

SEPTEMBER 30, 2021

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. They’re often a sign that the buyer doesn’t actually have the money to buy the house and can’t qualify for a loan.

Pre-approval 98

Pre-approval Proof of funds Inspection contingency Due diligence 98

HomeLight

MARCH 13, 2023

Airbnb owners get tired of paying management fees and dealing with customer complaints and negative ratings, but they have too little equity to sell the traditional way. Reiner advises asking for proof of funds such as a bank statement to ensure the buyer has sufficient resources to close the deal.

Sales 81

Sales Investor Due diligence Renovation 81

HomeLight

JULY 31, 2021

Value-add is the process of remodeling a home or complex to increase the value and add equity,” Shipwash explains. “In Beyond doing your due diligence online, it’s also a good idea to pick up the phone and put a voice to the business. I’m not talking about a ‘proof of funds’ letter — those are easily manipulated,” he says. “If

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

HomeLight

MARCH 16, 2023

You’ll get speed and convenience in exchange for some of the property’s equity,” says Naumann. 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. The buyer does due diligence during the option period in Texas.

Sales 66

Sales Purchase and sale agreement Earnest money deposit Investor 66