Dwell Real Estate

JANUARY 30, 2020

When an offer is submitted, seller's prefer to see proof of funds and/or a pre-qualification letter to be sure they are dealing with a qualified buyer. Submitting the proof of funds or pre-qualification letter with the offer makes you a stronger buyer in the eyes of the seller.

Pre-qualification 52

Pre-qualification Proof of funds Earnest money deposit Inspection 52

HomeLight

MAY 24, 2022

If you’re buying a house with a standard mortgage, closing takes about 49 days , according to the June 2021 ICE Mortgage Technology Origination Insight Report. The seller needs to verify that the cash buyer has the money to buy the house: 24 to 48 hours. Submit earnest money: 1 day. Setting the standard.

Purchase and sale agreement 111

Purchase and sale agreement Closing Title search Title 111

HomeLight

MARCH 16, 2023

Ramcharitar advises asking for proof of funds such as a bank statement to ensure the buyer has enough resources to cover the price of the home. Play it safe with a non-refundable earnest money deposit While no loan approval or appraisal makes cash sales less risky, there’s still a chance that the investor could back out.

Sales 93

Sales Purchase and sale agreement Earnest money deposit Investor 93