Inspection Inspection contingency Proof of funds Title search 
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. Get an inspection.
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. Pre-inspection. 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 don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises. Home-buying companies generally pick up closing costs including title search and title insurance that usually range from 1.5% Due diligence for a cash buyer is mostly title related.
HomeLight
JULY 31, 2021
Harvell also suggests getting concrete proof that the buyer has purchased properties in their name as part of the vetting process. I’m not talking about a ‘proof of funds’ letter — those are easily manipulated,” he says. “If Verification of funds. Inspection period. Step 6: Pass the inspection.
HomeLight
MARCH 16, 2023
Ramcharitar says sellers also pay 2% of the sales price for closing costs and another 2% for title insurance. He adds that negotiations and home inspection issues could further reduce the price by 10%. Home-buying companies generally pick up the remainder of closing costs that total about 8% including title search and title insurance.
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