Inspection contingency Loans Proof of funds Staging 
HomeLight
JUNE 29, 2021
Selling to a house flipper is an attractive option if you want to skip repairs and staging, but beware — home flippers turn large profits on houses by buying them for well below their market value. If the appraiser’s valuation of the home is lower than the buyer is requesting to borrow, the lender won’t provide the full loan amount.
HomeLight
OCTOBER 20, 2022
The buyer’s lender will probably require their own appraisal as part of their loan approval process. Home inspection report. Even if you did a pre-inspection, the buyer will almost certainly do a home inspection – particularly if there are any inspection contingencies in the offer or if the lender requires it.
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HomeLight
MARCH 13, 2023
Joseph has encountered active military who recently purchased homes with a VA loan, but got orders to ship out only to find that their home hadn’t appreciated much in a short time. 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
According to the latest data from Ellie Mae, the purchase loans are taking an average of 50 days to close as of May 2021. 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
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. With a cash home buyer, there are usually no financing or inspection contingencies typically found in traditional real estate contracts. That’s the ease of Simple Sale!
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