The Residential Specialist
FEBRUARY 27, 2024
Agents must stay vigilant as fraud and scams become more prevalent in the residential real estate profession By Jason Henninger Anywhere there are financial transactions, the threat of fraud comes with them. In encountering the aforementioned scam, Veach had asked for and received bank statements, identification and proof of funds.
HomeLight
AUGUST 24, 2022
Before signing an offer, ask for proof of funds. The serious, professional, reliable home buyers will gladly show you legitimate proof of funds.”. The signed contract is then sent to the title company. The buyer runs a title search on the property. How to request a cash offer in Florida. mortgage process.
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HomeLight
JULY 31, 2021
Although it’s not as sure of a bet, you could also attract a regular residential buyer who has enough liquid assets to buy a house outright. Harvell also suggests getting concrete proof that the buyer has purchased properties in their name as part of the vetting process. Verification of funds. Step 7: Clear the title.
The Close
DECEMBER 29, 2022
Chain of title. As clients get ready for closing, they’ll hear a lot about the title. Chain of title is an historical record of previous owners of a property that’s essential in establishing the legal ownership of the property. An established chain of title helps protect the buyer from future challenges to ownership.
HomeLight
OCTOBER 11, 2022
The Iowa State Bar Association also provides a Residential Property Seller Disclosure Statement form. Requiring the buyer’s pre-approval letter or proof of funds. When considering an offer on your Iowa home, avoid risk with these considerations: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds.
HomeLight
NOVEMBER 21, 2022
Here are key considerations when considering an offer on your South Carolina home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. However, as a FSBO seller, you can obtain the Residential Property Condition Disclosure Statement from the South Carolina Real Estate Commission or online at eForms.
HomeLight
APRIL 26, 2023
The first due diligence you want to do is make sure they have proof of funds ,” Graham recommends. Here are key considerations when evaluating an offer on your Alabama home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Require everything in writing. See the next step!)
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