Due diligence New Construction Proof of funds 
HomeLight
FEBRUARY 11, 2025
Increasing home sales and an abundance of new construction contribute to a competitive real estate market in McKinney. Do your due diligence Its critical to vet any cash-for-homes companies before pursuing a cash offer. You can also contact your local office, like BBB North Central Texas.
HomeLight
MARCH 13, 2023
New construction surge contributing to competition for buyers. Instead, however, he advises sellers to validate cash buyers for proof of funds. These include: Out-of-state buyers flocking to Austin – particularly California sellers who cashed out the equity in their expensive homes and can afford to pay cash in Austin.
HomeLight
APRIL 26, 2023
The first due diligence you want to do is make sure they have proof of funds ,” Graham recommends. He suggests calling the lender to find out if they’ve verified the buyer’s funds and employment. Require everything in writing. Remember, you can counter-offer and negotiate. Look for a good real estate attorney.
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