Housing Wire

DECEMBER 8, 2023

Have the best, most-detailed lender’s letter or proof of funds so your offer won’t be tabled because it’s too vague or boilerplate. This also helps you level-set on their expectations for the homebuying process. Help them write a winning offer Understand what the seller is desiring beyond the asking price.

Proof of funds 427

Proof of funds Inspection contingency Inspection MLS 427

HomeLight

SEPTEMBER 9, 2020

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. Providing a proof-of-funds letter is more secure than forking over a bank statement, which contains sensitive information. Find your house.

Inspection contingency 101

Inspection contingency Proof of funds Inspection Title 101

HomeLight

OCTOBER 30, 2020

The “as is” label signals that as the seller, you aren’t willing to negotiate on price no matter what comes up in the inspection. However, a buyer could still include an inspection contingency in the contract. Additionally, waiving the inspection contingency makes for a more compelling offer to most sellers.

Inspection 92

Inspection As-is Inspection contingency Investor 92

HomeLight

JUNE 29, 2021

Home inspection contingency. Conventional offers which rely on mortgages virtually always rely on a home inspection contingency, in which an inspector looks for major issues like water damage, structural problems, electrical system problems, and more.

Inspection contingency 57

Inspection contingency Proof of funds Inspection Pre-approval 57

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.

Purchase and sale agreement 97

Purchase and sale agreement Inspection contingency Proof of funds Finance 97

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.

Pre-approval 98

Pre-approval Proof of funds Inspection contingency Due diligence 98

HomeLight

OCTOBER 20, 2022

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. You can ask for proof of funds and a mortgage pre-approval letter. Latest tax statement.

Purchase and sale agreement 100

Purchase and sale agreement Pre-approval Inspection MLS 100