HomeLight

AUGUST 31, 2021

Translating that to real estate terms, selling a house for cash goes something like this: Request an offer: You skip the staging and showing process and go straight to requesting an offer. However, we always recommend that you do your due diligence on any buyer before you provide any sensitive information, sign a contract, or send any money.

Proof of funds 144

Proof of funds Investor Due diligence Closing 144

HomeLight

AUGUST 24, 2022

There are plenty of reasons to have a real estate agent in your corner — visibility in the MLS , help with stagings and showings, assistance with negotiations and contracts, to name just a few — and now you can add sourcing a cash buyer to the list. Do your due diligence. Before signing an offer, ask for proof of funds.

Purchase and sale agreement 105

Purchase and sale agreement Title search Proof of funds Title 105

HomeLight

JANUARY 5, 2022

Now you can skip the part where you stage, show, and market the house, which makes you want to do a little happy dance. If your friend plans to pay for your home with all-cash, then you want to have your attorney verify proof of funds. If you ever decide to sell, please let me know.”. Well, that day has come.

Pre-approval 105

Pre-approval Purchase and sale agreement Title search Title 105

HomeLight

MARCH 13, 2023

Home-buying companies generally pick up closing costs including title search and title insurance that usually range from 1.5% Reiner advises asking for proof of funds such as a bank statement to ensure the buyer has sufficient resources to close the deal. Due diligence for a cash buyer is mostly title related.

Sales 81

Sales Investor Due diligence Renovation 81

HomeLight

JULY 31, 2021

Beyond doing your due diligence online, it’s also a good idea to pick up the phone and put a voice to the business. Harvell also suggests getting concrete proof that the buyer has purchased properties in their name as part of the vetting process. 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

MARCH 16, 2023

Home-buying companies generally pick up the remainder of closing costs that total about 8% including title search and title insurance. Ramcharitar advises asking for proof of funds such as a bank statement to ensure the buyer has enough resources to cover the price of the home.

Sales 66

Sales Purchase and sale agreement Earnest money deposit Investor 66

The Close

DECEMBER 29, 2022

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. A title search helps create that chain and is usually conducted by a lawyer or title company.

Purchase and sale agreement 97

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