Due diligence Mortgages New Construction Proof of funds 
HomeLight
MARCH 13, 2023
New construction surge contributing to competition for buyers. Instead, however, he advises sellers to validate cash buyers for proof of funds. These include: Out-of-state buyers flocking to Austin – particularly California sellers who cashed out the equity in their expensive homes and can afford to pay cash in Austin.
HomeLight
APRIL 26, 2023
The first due diligence you want to do is make sure they have proof of funds ,” Graham recommends. Graham says the next step is to ask for a pre-approval letter from a reputable mortgage company that you’re comfortable with. Require everything in writing. Remember, you can counter-offer and negotiate.
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