HomeLight

MAY 8, 2024

These house flippers typically operate under the 70% rule, meaning they may offer to purchase your home for 70% of its after-repair value minus any renovation costs, aiming to profit from the resale. Do your due diligence When considering cash-for-homes companies, it’s important to conduct thorough research to confirm their credibility.

Proof of funds 111

Proof of funds Due diligence Investor Agents 111

HomeLight

MAY 10, 2024

These cash-for-homes groups are typically operated by house flippers who follow the 70% rule — offering around 70% of a home’s after-repair value, minus any renovation costs. Do your due diligence When dealing with cash home buyers, it’s important to verify their legitimacy and reliability.

Proof of funds 97

Proof of funds Due diligence Investor Agents 97

HomeLight

MAY 15, 2024

Keep in mind, however, that many of these buyers, especially house flippers, generally adhere to the 70% rule, offering less than the market value to cover their investment risks and renovation costs. Do your due diligence Finding a trustworthy cash buyer requires some homework.

Proof of funds 85

Proof of funds Due diligence Investor Renovation 85

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. Ask for proof of funds and EMD. Check their BBB rating. Request Cash Offer.

Proof of funds 144

Proof of funds Investor Due diligence Title 144

HomeLight

MAY 31, 2024

Keep in mind that many of these investors, especially house flippers, follow the 70% rule, meaning they will offer 70% of the property’s market value minus any renovation costs. Do your due diligence Researching and vetting cash-for-homes companies is key to finding a reputable one.

Proof of funds 64

Proof of funds Due diligence Investor Renovation 64

HomeLight

OCTOBER 31, 2024

These companies and individual investors often look for properties they can renovate and resell, so they’re typically prepared to move quickly if your home aligns with their investment strategy. Do your due diligence When working with cash-for-homes companies, a little research goes a long way to ensure the buyer’s legitimacy.

Proof of funds 59

Proof of funds Sales Due diligence Investor 59

HomeLight

AUGUST 24, 2022

Do your due diligence. Before signing an offer, ask for proof of funds. The serious, professional, reliable home buyers will gladly show you legitimate proof of funds.”. Also check to make sure the company is listed with the Better Business Bureau. How to request a cash offer in Florida.

Purchase and sale agreement 111

Purchase and sale agreement Title search Proof of funds Title 111