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. Step 3: Do your due diligence.

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Due diligence Finance Proof of funds Earnest money deposit 105

HomeLight

JANUARY 5, 2022

If your friend plans to pay for your home with all-cash, then you want to have your attorney verify proof of funds. A title company or real estate attorney will conduct what’s called a title search as a step in the due diligence period of a home purchase. Source: (Christina @ wocintechchat.com / Unsplash).

Pre-approval 111

Pre-approval Purchase and sale agreement Title search Title 111

Marco Santarelli

AUGUST 16, 2024

Factor in down payment, closing costs, renovation expenses, and a reserve fund for unexpected repairs. Explore financing options: Research mortgages, hard money loans, and private lending options. Due diligence is paramount: Thorough inspections and title searches are essential to uncover potential liens or hidden issues.

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Due diligence Purchase and sale agreement Renovation Title search 52

The Close

DECEMBER 29, 2022

Due diligence period. What if your clients are asking about their due diligence period? In a no-cost mortgage, the lending institution pays all of the closing costs in exchange for the borrower paying a higher interest rate. Proof of funds. These funds must be liquid, not stocks or bonds.

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Purchase and sale agreement Title Pre-approval Proof of funds 98