Point2Homes

SEPTEMBER 30, 2021

The Buyer Is Not Pre-approved for a Loan. Although buyers are not required to be pre-approved for a loan in order to buy a house, expecting them to be is perfectly reasonable. As a seller, you will save valuable time when dealing with pre-approved buyers. The Buyer Is Asking for Cashback. Cash Purchases.

Pre-approval 98

Pre-approval Proof of funds Inspection contingency Due diligence 98

HomeLight

JANUARY 5, 2022

“They help clients save money by representing both sides and a pre-arranged discount.”. Not all states require you to hire a real estate attorney to buy or sell real estate, but it’s almost always advisable to get legal representation in a sale among parties with a pre-existing relationship. Don’t: Be lenient on the pre-approval step.

Pre-approval 105

Pre-approval Purchase and sale agreement Title search Title 105

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. You’ll still have official steps to complete and hiccups like a title defect can still arise. Ask for proof of funds and EMD.

Proof of funds 144

Proof of funds Investor Due diligence Closing 144

HomeLight

MARCH 13, 2023

More certainty: With a pre-offer walk-through, a cash home buyer can generally provide a firm cash offer that comes with few contingencies, or no contingencies at all. You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises.

Sales 81

Sales Investor Due diligence Renovation 81

HomeLight

MARCH 13, 2023

Certainty: With a pre-offer walk-through, a cash home buyer can typically provide a firm cash offer that comes with few, if any, contingencies. Both parties sign a contract and submit it to a title company. No pre-qualifying for a loan. Instead, however, he advises sellers to validate cash buyers for proof of funds.

Sales 70

Sales Investor House Flipping Pre-approval 70

HomeLight

MARCH 16, 2023

Ramcharitar says sellers also pay 2% of the sales price for closing costs and another 2% for title insurance. More certainty: With a pre-offer walk-through, a cash home buyer can typically provide a firm cash offer that comes with few contingencies, or no contingencies at all.

Sales 66

Sales Purchase and sale agreement Earnest money deposit Investor 66

The Close

DECEMBER 29, 2022

Chain of title. As clients get ready for closing, they’ll hear a lot about the title. Chain of title is an historical record of previous owners of a property that’s essential in establishing the legal ownership of the property. An established chain of title helps protect the buyer from future challenges to ownership.

Purchase and sale agreement 97

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