Inspection Land Proof of funds 
HomeLight
JUNE 19, 2023
It’s a plot of land. It makes you wonder: what’s the process for buying land with cash? Get Started Step 1: Find the land for sale You won’t always be lucky enough to drive past a plot of land that’s the perfect investment opportunity for you. There are real estate agents who specialize in land plots.
HomeLight
AUGUST 31, 2021
Ask for proof of funds: You should always obtain documentation that a person or company is who they say they are and actually has the funds and abilities to complete a transaction of this size. Even if you’re selling “as is”, an inspection could still be required. Ask for proof of funds and EMD.
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Lab Coat Agents
MARCH 4, 2022
Well, this one is hard, but in this market environment, let’s presume that all of your Buyers are using all the tricks of the trade: waiving inspection remediation, offering strong appraisal floors, offering cheap use & occupancies, “like cash” offers & even showing up with loan commitments pending chosen property, to name a few.
HomeLight
JULY 31, 2021
When looking for properties to buy, he focuses on single- and multi-family homes rather than vacant land or mobile homes because they allow for “value-add.”. 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.
Point2Homes
SEPTEMBER 30, 2021
Essentially, this is a method used by scammers to defraud the lender and can land both you and the buyer in jail. 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.
HomeLight
SEPTEMBER 16, 2021
Pass the home inspection. For example, some investors will purchase the home “as is” but still require an inspection; some will offer to waive the inspection entirely , though it may mean accepting a reduced price to hedge the investor’s risk of finding major issues with the property. Complete the home inspection.
HomeLight
APRIL 30, 2021
If you’re using cash, you’ll have to show proof of funds with your offer. Then it’s a matter of completing your due diligence: clearing the home’s title , getting a home inspection , confirming the home’s price (through an independent appraisal, if you choose), and closing the transaction. Source: (Katie Harp / Unsplash).
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