article thumbnail

Fighting Against Real Estate Fraud

The Residential Specialist

Lisa Paffrath, CRS, broker/owner of Better Homes and Gardens Real Estate Grand View North in Flagstaff, Arizona, works near the Grand Canyon with a lot of vacant land. She also personally experienced an attempt to pull a bait-and-switch with deposits. Further, certain transactions may be more likely to entice crooks.

article thumbnail

Your Conclusive Guide to Buying a House with Cash

HomeLight

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. It’s pretty simple, really: It’s buying a house ( or land !), To make an all-cash offer , you’ll need proof of funds. What’s a cash offer?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

HomeLight

When looking for properties to buy, he focuses on single- and multi-family homes rather than vacant land or mobile homes because they allow for “value-add.”. Harvell also suggests getting concrete proof that the buyer has purchased properties in their name as part of the vetting process. Verification of funds. Verify past sales.

article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

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. One example is someone using a private road to access their own land. Proof of funds. Related Article. Eminent domain.