HomeLight

AUGUST 24, 2022

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.”. The most common contingency I am seeing is the waiving of appraisals and very short inspection periods,” he says.

Purchase and sale agreement 105

Purchase and sale agreement Title search Proof of funds Title 105

HomeLight

MAY 24, 2022

Everyone involved will need time to perform their due diligence. Without a lender to verify funds, the seller will likely request proof of funds and earnest money from the buyer. While this typically takes just a few days, if the home has been through a foreclosure or short sale, it could take longer.

Purchase and sale agreement 105

Purchase and sale agreement Closing Title search Title 105

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. Verify past sales. 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.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

The Close

DECEMBER 29, 2022

.” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. A contingency might be the buyer selling their current house, requiring certain repairs to be made, or obtaining a clean termite inspection.

Purchase and sale agreement 97

Purchase and sale agreement Title Proof of funds Pre-approval 97