HomeLight

MARCH 13, 2023

Insurance companies may not insure homes with aluminum wiring or Federal Pacific Stab-Lok electrical panels due to the greater risk of fire. You are either replumbing the house, rewiring the house, or putting a new roof on the house prior to closing so that a financed buyer can get insurance.

Sales 87

Sales Investor Due diligence Renovation 87

HomeLight

NOVEMBER 21, 2022

Before signing anything, Richter says, “It’s important to open a dialogue with the buyer’s lender to verify they do in fact have the ability to purchase that home.”. Buyers may get pre-approved for a mortgage at the click of a button on a website, but might not have submitted the documentation. Require everything in writing.

Purchase and sale agreement 82

Purchase and sale agreement MLS Pre-approval Agents 82

HomeLight

APRIL 26, 2023

“The first due diligence you want to do is make sure they have proof of funds ,” Graham recommends. A bank statement will help weed out people who are just looking around and don’t have the qualifications to purchase your house from legitimate buyers who can obtain financing. Require everything in writing. See the next step!)

MLS 72

MLS Agents Sales Proof of funds 72