Realty Biz

MARCH 19, 2022

Whether you want to build your dream house or hope to make a better profit in the future, vacant land offers a lot of flexibility. From zoning restrictions to environmental conditions, many considerations go into finding the right land for sale. Zoning laws regulate what the land can and can’t be used for. Do: Understand Zoning.

Land 84

Land Sales Proof of funds Due diligence 84

The Residential Specialist

FEBRUARY 27, 2024

Do some digging: “You have to be very careful and do your due diligence when you’re contacted,” says Dallison Veach, CRS, owner of Veach Realty Group in Springfield, Virginia. In encountering the aforementioned scam, Veach had asked for and received bank statements, identification and proof of funds.

Earnest money deposit 98

Earnest money deposit Proof of funds Due diligence Title 98

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.

Pre-approval 98

Pre-approval Proof of funds Inspection contingency Due diligence 98

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. Check their BBB rating. Request Cash Offer. Not totally off the hook for repairs.

Proof of funds 144

Proof of funds Investor Due diligence Closing 144

HomeLight

APRIL 30, 2021

If you’re using cash, you’ll have to show proof of funds with your offer. Then it’s a matter of completing your due diligence: clearing the home’s title , getting a home inspection , confirming the home’s price (through an independent appraisal, if you choose), and closing the transaction. Step 3: Do your due diligence.

Due diligence 103

Due diligence Finance Proof of funds Earnest money deposit 103

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. Put a voice to a name.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

HomeLight

APRIL 26, 2023

The first due diligence you want to do is make sure they have proof of funds ,” Graham recommends. He suggests calling the lender to find out if they’ve verified the buyer’s funds and employment. Require everything in writing. Remember, you can counter-offer and negotiate. Look for a good real estate attorney.

MLS 72

MLS Agents Sales Proof of funds 72