HomeLight

MARCH 13, 2023

Reiner advises asking for proof of funds such as a bank statement to ensure the buyer has sufficient resources to close the deal. With a cash home buyer, there are usually no financing or inspection contingencies typically found in traditional real estate contracts. Due diligence for a cash buyer is mostly title related.

Sales 81

Sales Investor Due diligence Renovation 81

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 16, 2023

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. With a cash home buyer, there are usually no financing or inspection contingencies typically found in traditional real estate contracts.

Sales 66

Sales Purchase and sale agreement Earnest money deposit Investor 66