CT Homes

MAY 29, 2020

The earnest money deposit should be substantial and submitted to escrow within 72 hours of offer acceptance or sooner. While cash sales typically close quicker than traditional financed offers, there should be no rush from the buyer’s side to close escrow.

Proof of funds 101

Proof of funds Earnest money deposit Due diligence Investor 101

Dwell Real Estate

JANUARY 30, 2020

When an offer is submitted, seller's prefer to see proof of funds and/or a pre-qualification letter to be sure they are dealing with a qualified buyer. Submitting the proof of funds or pre-qualification letter with the offer makes you a stronger buyer in the eyes of the seller.

Pre-qualification 52

Pre-qualification Proof of funds Earnest money deposit Inspection 52

The Close

FEBRUARY 14, 2024

If a buyer loves the home but has no way financially to prove that they 1) are serious about a purchase and 2) can finance it, then you’ll need to send them to a lender. If it’s a cash buyer, ask to see the pre-approval letter or proof of funds—and even if they have the contact information for their lender or banker.

Pre-approval 98

Pre-approval Earnest money deposit MLS Renovation 98

HomeLight

SEPTEMBER 30, 2020

You’re finally ready to purchase a home and after doing some research online, you think that exploring your options around how to buy a HUD Home might be a good fit for your lifestyle and finances. Next, explore financing options. You’ll either need a mortgage or cash (with proof of funds). How does bidding work?

Earnest money deposit 89

Earnest money deposit FHA loan Pre-approval Finance 89

HomeLight

APRIL 30, 2021

Buyers using financing and putting down 20% or more. Buyers using financing and putting down between 10% and 19%. A cash offer simply means you have all the money you need to buy the home in cash. If you’re using cash, you’ll have to show proof of funds with your offer. FHA and VA buyers with low down payments.

Due diligence 104

Due diligence Finance Proof of funds Earnest money deposit 104

HomeLight

JULY 31, 2021

Brian Martucci , a personal finance expert for Money Crashers , says that cash buyers tend to target the types of properties and sellers that reinforce the inherent advantages of their strategy. A 10-day closing translates as getting your home sold around five times faster than with a buyer who needs financing in today’s market.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

HomeLight

MAY 24, 2022

The seller needs to verify that the cash buyer has the money to buy the house: 24 to 48 hours. Without a lender to verify funds, the seller will likely request proof of funds and earnest money from the buyer. Submit earnest money: 1 day. One way to do it is with HomeLight’s Cash Offer.

Purchase and sale agreement 108

Purchase and sale agreement Closing Title search Title 108