HomeLight
JULY 31, 2020
These could include: The appraisal contingency : Lenders require an appraisal, but if you are paying cash and you’re confident that the price is fair, you don’t need one. The inspection contingency : As a cash buyer, an inspection contingency is optional. This can save you between $300 and $450.
Point2Homes
SEPTEMBER 30, 2021
You can protect yourself from potential cash buyer scams by requesting ‘Proof of Funds’ documentation and asking for a non-refundable deposit that’s at least 5% of the selling price. If not, the deal falls through. They’re often a sign that the buyer doesn’t actually have the money to buy the house and can’t qualify for a loan.
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HomeLight
MARCH 13, 2023
Airbnb owners get tired of paying management fees and dealing with customer complaints and negative ratings, but they have too little equity to sell the traditional way. Reiner advises asking for proof of funds such as a bank statement to ensure the buyer has sufficient resources to close the deal.
HomeLight
JULY 31, 2021
Value-add is the process of remodeling a home or complex to increase the value and add equity,” Shipwash explains. “In Harvell also suggests getting concrete proof that the buyer has purchased properties in their name as part of the vetting process. Verification of funds. Inspection period. Step 6: Pass the inspection.
HomeLight
MARCH 16, 2023
You’ll get speed and convenience in exchange for some of the property’s equity,” says Naumann. 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. Don’t expect to get top dollar if you sell your Houston home to a cash buyer.
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