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.

Proof of funds 144

Proof of funds Investor Due diligence Closing 144

HomeLight

MARCH 13, 2023

With the strong Florida sun shortening the lifespan of roofs and air conditioning systems, costly renovations may be necessary. Most sellers approach Joseph because their home did not sell after several months on the open market due to outdated decor, major structural issues, or fire damage. For a rental, not as much,” explains Joseph.

Sales 78

Sales Investor Due diligence Renovation 78

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.”. Also check to make sure the company is listed with the Better Business Bureau. How to request a cash offer in Florida.

Purchase and sale agreement 103

Purchase and sale agreement Title search Proof of funds Title 103

HomeLight

MARCH 13, 2023

The buyer does due diligence during the agreed-upon option period in Texas (the number of days the buyer has to thoroughly inspect the property and terminate the contract for any reason: typically one to 10 days). “The biggest difference is there’s no lender to communicate with,” Speed says. “No No pre-qualifying for a loan.

Sales 68

Sales Investor House Flipping Pre-approval 68

HomeLight

JULY 31, 2021

They can purchase a property at a discount, providing value through a quick sale to the owner, and leverage their funds and expertise toward a profitable renovation. If the whole house has been renovated recently and the seller wants full market value, they’re typically better off working with an agent.”. Verification of funds.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

HomeLight

MARCH 16, 2023

They sign the lease just a couple of weeks after the home is renovated and ready for occupancy. He routinely works with multiple crews of contractors so he completes renovations at a lower cost and with fewer headaches than most homeowners. The buyer does due diligence during the option period in Texas.

Sales 64

Sales Purchase and sale agreement Earnest money deposit Investor 64

HomeLight

OCTOBER 1, 2022

Agents know that buyers will pay a premium for a renovated home, versus one that hasn’t been updated in 20 years,” he explains. Before signing anything, Breeckner says it’s vital to do your due diligence. But that said, he urges FSBO sellers to ensure that prospective buyers have pre-approval and proof of funds.

MLS 89

MLS Pre-approval Agents Sales 89