HomeLight

MAY 10, 2024

If you’re a homeowner looking to avoid the traditional market headaches — think contingencies, financing delays, and appraisals — accepting a cash offer ensures a faster, less complicated home sale. Do your due diligence When dealing with cash home buyers, it’s important to verify their legitimacy and reliability.

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Proof of funds Due diligence Investor Agents 68

HomeLight

AUGUST 31, 2021

Ask for proof of funds: You should always obtain documentation that a person or company is who they say they are and actually has the funds and abilities to complete a transaction of this size. Ask for proof of funds and EMD. You don’t have the funds to make necessary repairs. Check their BBB rating.

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Proof of funds Investor Due diligence Closing 144

HomeLight

MARCH 13, 2023

With the strong Florida sun shortening the lifespan of roofs and air conditioning systems, costly renovations may be necessary. Most sellers approach Joseph because their home did not sell after several months on the open market due to outdated decor, major structural issues, or fire damage. For a rental, not as much,” explains Joseph.

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Sales Investor Due diligence Renovation 74

HomeLight

AUGUST 24, 2022

However, this buyer needs a mortgage to finance the deal, and that can take months. Do your due diligence. Before signing an offer, ask for proof of funds. The serious, professional, reliable home buyers will gladly show you legitimate proof of funds.”. Skip the appraisal. Property investors.

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Purchase and sale agreement Title search Proof of funds Title 100

HomeLight

MARCH 13, 2023

You don’t have to deal with negotiating offers, low appraisals, or the risk of a buyer’s financing falling through. Instead, however, he advises sellers to validate cash buyers for proof of funds. Drive around your neighborhood to find homes being renovated. Less hassle: Skip showings and open houses.

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Sales Investor House Flipping Pre-approval 65

HomeLight

JULY 31, 2021

Brian Martucci , a personal finance expert for Money Crashers , says that cash buyers tend to target the types of properties and sellers that reinforce the inherent advantages of their strategy. If the whole house has been renovated recently and the seller wants full market value, they’re typically better off working with an agent.”.

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Earnest money deposit Inspection Inspection contingency Proof of funds 98

HomeLight

MARCH 16, 2023

They sign the lease just a couple of weeks after the home is renovated and ready for occupancy. He routinely works with multiple crews of contractors so he completes renovations at a lower cost and with fewer headaches than most homeowners. He buys homes for cash, fixes them up, obtains refinancing, and then rents them out.

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Sales Purchase and sale agreement Earnest money deposit Investor 62