HomeLight

AUGUST 24, 2022

The destination’s great weather and tax-friendliness bring a steady stream of buyers to the market, and cash buyers help make sellers’ homes fly. This is another area where a top agent can help you tap into the out-of-state market. Do your due diligence. Before signing an offer, ask for proof of funds.

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Purchase and sale agreement Title search Proof of funds Title 100

HomeLight

MAY 24, 2022

In a competitive market, paying cash could help you beat out other homebuyers. 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. Despite this, there are benefits to a cash offer.

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HomeLight

JULY 31, 2021

“This gives us a good idea of the condition of the property, so we know where we can provide value in the sale. If the whole house has been renovated recently and the seller wants full market value, they’re typically better off working with an agent.”. Step 2: Research your local cash buyer market. Verify past sales.

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The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. There is always a chance a sale might not go through, especially in today’s wild interest rate market. It’s often presented as a percentage of the fair market value.

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Purchase and sale agreement Title Proof of funds Pre-approval 98