Remove Earnest money deposit Remove Lending Remove Proof of funds Remove Title search
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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. The two most common mortgage contingencies include: Financing contingency : The buyer’s finances need to check out to lend them the money.

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

The Close

Chain of title is an historical record of previous owners of a property that’s essential in establishing the legal ownership of the property. An established chain of title helps protect the buyer from future challenges to ownership. A title search helps create that chain and is usually conducted by a lawyer or title company.