Finance Inspection contingency Proof of funds Title search 
HomeLight
SEPTEMBER 9, 2020
That’s because “a buyer purchasing a home with a mortgage loan could still lose their financing, even with a solid preapproval letter. Once you’ve figured out where the money is coming from, it will be easier to take the next step: getting proof that you have the cash. Obtain proof of funds from the bank. Find your house.
HomeLight
OCTOBER 20, 2022
Preliminary title report. Doing a title search before you put your home on the market alerts you about any pending taxes, restrictions, or liens on the property that you’ll have to clear before selling. Home inspection report. You can ask for proof of funds and a mortgage pre-approval letter.
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HomeLight
MARCH 13, 2023
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. More certainty: With a pre-offer walk-through, a cash home buyer can generally provide a firm cash offer that comes with few contingencies, or no contingencies at all.
HomeLight
JULY 31, 2021
Brian Martucci , a personal finance expert for Money Crashers , says that cash buyers tend to target the types of properties and sellers that reinforce the inherent advantages of their strategy. A 10-day closing translates as getting your home sold around five times faster than with a buyer who needs financing in today’s market.
HomeLight
MARCH 16, 2023
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. Less hassle: You won’t need to worry about showings, open houses, fielding offers, negotiating, low appraisals, or the risk of the buyer’s financing falling through.
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