Remove Earnest money deposit Remove Inspection contingency Remove Proof of funds
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What to Know About Buying a Home For The First Time

Rochester Real Estate

A pre-approval letter must be included, and proof of funds can also help in a seller’s market. The seller might return with a counteroffer based on your offer’s price, contingencies, or other terms. If your offer is accepted, you will sign a purchase agreement and pay an earnest money deposit.

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How to Get Cash for Your Home: A Step-by-Step Guide

HomeLight

Harvell also suggests getting concrete proof that the buyer has purchased properties in their name as part of the vetting process. I’m not talking about a ‘proof of funds’ letter — those are easily manipulated,” he says. “If Verification of funds. Earnest money deposit. Inspection period.

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How to Buy a House in 15 Steps: The Ultimate Guide

Redfin

The offer letter will include details like your name, address, the price you want to pay, contingencies, and possibly, your earnest money deposit. What’s an earnest money deposit? An earnest money deposit is usually 1-3% of the purchase price but can vary by market.

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Find Cash Home Buyers in Houston for a Fast, Simple Sale

HomeLight

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. With a cash home buyer, there are usually no financing or inspection contingencies typically found in traditional real estate contracts.

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