Realtor.com

APRIL 30, 2021

To afford the $650,000 home, Leonard opted to use his cryptocurrency investments to cover a down payment and as proof of funds for the mortgage he took out to buy the home — he opted for a mortgage, rather than buying the home outright, because of the low interest-rate environment. And I’m ready to pull the trigger right now.”.

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Earnest money deposit Proof of funds VA loan Loans 76

The Close

FEBRUARY 14, 2024

The real estate industry constantly changes. So, let’s turn up the brightness and shed some light on the real estate industry. 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.

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Pre-approval Earnest money deposit MLS Renovation 98

HomeLight

JULY 31, 2021

Here’s a little background on what cash buyers tend to prioritize and look for when they make an offer, according to experts in the real estate and investing industry we spoke with directly. Harvell also suggests getting concrete proof that the buyer has purchased properties in their name as part of the vetting process.

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The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. Earnest money deposit. Also known as a “good faith deposit,” it’s the amount of money a buyer puts in escrow to show their commitment to purchase a property.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98