The Residential Specialist

FEBRUARY 27, 2024

Agents must stay vigilant as fraud and scams become more prevalent in the residential real estate profession By Jason Henninger Anywhere there are financial transactions, the threat of fraud comes with them. In encountering the aforementioned scam, Veach had asked for and received bank statements, identification and proof of funds.

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Earnest money deposit Proof of funds Due diligence Title 98

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. mortgage process.

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Purchase and sale agreement Title search Proof of funds Title 105

HomeLight

JULY 31, 2021

Although it’s not as sure of a bet, you could also attract a regular residential buyer who has enough liquid assets to buy a house outright. 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. Verify past sales.

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.

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MLS Agents Sales Proof of funds 69

HomeLight

OCTOBER 1, 2022

For example, in Ohio, you’ll need to meet a number of mandatory disclosures and complete a Residential Property Disclosure form. 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.

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MLS Pre-approval Agents Sales 93

HomeLight

DECEMBER 13, 2022

Here are key considerations when considering an offer on your Virginia home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. According to the Virginia Residential Property Disclosure Act (§ 55.1-700) Require everything in writing. Remember you can counter-offer and negotiate.

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Purchase and sale agreement MLS Agents Sales 87

HomeLight

DECEMBER 6, 2022

So your due diligence should include contacting the lender to ask about the type of financing and whether the buyer has the qualifications to be approved for a loan. Here are key considerations when considering an offer on your New Jersey home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds.

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Purchase and sale agreement MLS Pre-approval Agents 79