Due diligence Inspection contingency Land Proof of funds 
Point2Homes
SEPTEMBER 30, 2021
Essentially, this is a method used by scammers to defraud the lender and can land both you and the buyer in jail. 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.
HomeLight
JULY 31, 2021
When looking for properties to buy, he focuses on single- and multi-family homes rather than vacant land or mobile homes because they allow for “value-add.”. Beyond doing your due diligence online, it’s also a good idea to pick up the phone and put a voice to the business. Verification of funds. Inspection period.
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