Point2Homes

SEPTEMBER 30, 2021

Not having to wait on all the mortgage-related documentation alone can be a real time saver. 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. Cash Purchases.

Pre-approval 98

Pre-approval Proof of funds Inspection contingency Due diligence 98

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. Inspection period. Put a voice to a name.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

HomeLight

MARCH 13, 2023

You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises. Reiner advises asking for proof of funds such as a bank statement to ensure the buyer has sufficient resources to close the deal. Due diligence for a cash buyer is mostly title related.

Sales 89

Sales Investor Due diligence Renovation 89

HomeLight

MARCH 16, 2023

Naumann says buyers may not get a mortgage if big-ticket items like the roof or A/C aren’t in good condition. Investors offer alternatives to foreclosure and bankruptcy About 60% of sellers who contact Ramcharitar are behind on their mortgage payments. The buyer does due diligence during the option period in Texas.

Sales 72

Sales Purchase and sale agreement Earnest money deposit Investor 72