CT Homes
OCTOBER 30, 2020
Look to see that the inspection period is not unnecessarily long. If they are offering cash make sure they submit an updated proof of funds letter. Inspections. It’s reasonable to expect that any any buyer will perform some type of inspection after you accept an offer. Earnest Money Deposit.
Dwell Real Estate
JANUARY 30, 2020
January - April are the busiest months of the year for a Realtor and their schedules tend to fill fast between showings, inspections, closings and assisting other clients. 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.
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The Close
FEBRUARY 14, 2024
Plus, consider the fact that if an issue arises during the inspection, they can offer a credit to keep the deal moving forward. 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. Fact : Sometimes buyers can be pushy about this.
HomeLight
SEPTEMBER 30, 2020
The HUD Home bid package includes a sales contract , an addendum regarding lead-based paints, an earnest money deposit of 5% through cash, cashier’s check, money order, or letter of credit, and a forfeiture of earnest money deposits document. Next, explore financing options. of the purchase price.
HomeLight
JULY 31, 2021
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.
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. Inspections: One week to book; 2 to 4 hours to complete.
HomeLight
MARCH 16, 2023
He adds that negotiations and home inspection issues could further reduce the price by 10%. You don’t need the added stress that comes with the risk of the buyer’s financing falling through or a home inspection turning up unpleasant surprises. Ramcharitar inspects the property and then gives a verbal offer followed by a written one.
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