The Residential Specialist

FEBRUARY 27, 2024

Lisa Paffrath, CRS, broker/owner of Better Homes and Gardens Real Estate Grand View North in Flagstaff, Arizona, works near the Grand Canyon with a lot of vacant land. In encountering the aforementioned scam, Veach had asked for and received bank statements, identification and proof of funds.

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Earnest money deposit Proof of funds Due diligence Title 98

Point2Homes

SEPTEMBER 30, 2021

Essentially, this is a method used by scammers to defraud the lender and can land both you and the buyer in jail. You can protect yourself from potential cash buyer scams by requesting ‘Proof of Funds’ documentation and asking for a non-refundable deposit that’s at least 5% of the selling price.

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Pre-approval Inspection contingency Proof of funds Due diligence 98

HomeLight

APRIL 30, 2021

If you’re using cash, you’ll have to show proof of funds with your offer. It’s pretty simple, really: It’s buying a house ( or land !), To make an all-cash offer , you’ll need proof of funds. The financial institution will issue you a letter stating that the funds are available. What’s a cash offer?

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Due diligence Finance Proof of funds Earnest money deposit 105

HomeLight

JULY 31, 2021

When looking for properties to buy, he focuses on single- and multi-family homes rather than vacant land or mobile homes because they allow for “value-add.”. Harvell also suggests getting concrete proof that the buyer has purchased properties in their name as part of the vetting process. Verification of funds. Verify past sales.

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Earnest money deposit Inspection Inspection contingency Title 98

HomeLight

SEPTEMBER 16, 2021

You should also request proof of funds to confirm that the buyer actually has the available cash to complete the purchase. And Simpson recommends going even a step further to confirm that the proof of funds letter hasn’t been forged: “Make sure you call their bank to verify they have funds and that they’re liquid,” he advises.

Title 105

Title Inspection Proof of funds Investor 105

HomeLight

FEBRUARY 4, 2021

The city has a Walk Score of 43 (which lands it in the car-dependent range), and public transportation, while improving and a priority for the city , isn’t as efficient for commuters (only 9% of residents use public transit). Getting the lay of the land in Fremont. Getting around in Fremont. Source: (Steve Holderfield / Shutterstock).

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Inspection Pre-approval Land Proof of funds 80

HomeLight

NOVEMBER 21, 2022

A feature of your home that adds value is land. People want land and a home. Johnson says, “A feature of your home that adds value is land. People want land and a home. For example, we know Louisianan buyers place a premium on land. Buyers want more space now to enjoy their home. Require everything in writing.

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MLS Agents Sales Land 105

HomeLight

DECEMBER 8, 2022

Yours better be the biggest and brightest [home] and have the most land” to be competitive. Usable land is key.”. Here are key considerations when considering an offer on your Washington State home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Narrowly filter your search for comps.

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MLS Agents Sales Inspection 105

HomeLight

APRIL 13, 2023

In addition, she says acreage – or at least a yard – is in “high, high demand” in Kansas, “People look for land for years – even if they have to bulldoze the house. You can’t create more land.” “In “Eighty to 90% of buyers won’t look at a home without a basement.” Require everything in writing. Look for a good real estate attorney.

MLS 105

MLS Agents Sales Mortgage pre-approval letter 105

HomeLight

NOVEMBER 23, 2022

If you live on some acreage, Raymond recommends catering to the West Virginia lifestyle many buyers want: “Any time that they’re on over an acre of land, I try to get my own clients — and I would suggest the same to someone selling on their own — to clear as much of the land as possible, because a lot of these people do want gardens and livestock.

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MLS Agents Sales Closing 104

HomeLight

SEPTEMBER 30, 2022

Before signing anything, here are key considerations when considering an offer on your Wisconsin home: If you haven’t already, vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Be wary of Wisconsin “land contract” offers. Require everything in writing. Look for a good real estate attorney.

Purchase and sale agreement 104

Purchase and sale agreement MLS Agents Inspection 104

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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MLS Agents Sales Closing 97

HomeLight

MAY 1, 2023

Here are key considerations when considering an offer on your Maryland home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Other disclosures (HOA, land use, encroachments, zoning or code violations, flood zone status, damage from wind, termites, or rodents, etc.) See the next step!)

MLS 100

MLS Agents Mortgage pre-approval letter Sales 100

HomeLight

APRIL 27, 2023

Here are key considerations when considering an offer on your Utah home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Other disclosures (foundation problems, land use, encroachments, zoning or code violations, moisture or water problems, damage from wind, termites, or rodents, etc.)

MLS 104

MLS Agents Sales Mortgage pre-approval letter 104

HomeLight

MAY 1, 2023

Here are key considerations when considering an offer on your Mississippi home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Before signing anything, take a moment to consider whether this offer works for you. Require everything in writing. Remember, you can counter-offer and negotiate.

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MLS Agents Sales Mortgage pre-approval letter 102

HomeLight

FEBRUARY 16, 2023

Maybe you’ve landed a new job in another city, and the employer wants you to start right away. House Heroes further vets itself by providing a proof of funds bank statement. Or perhaps you’re facing an unplanned life change and need to relocate ASAP. Closing costs: Sellers pay no closing costs; House Heroes charges no fees.

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Purchase and sale agreement Closing costs Closing Investor 98

HomeLight

MAY 25, 2023

Here are key considerations when considering an offer on your North Carolina home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Other disclosures (land use, encroachments, zoning or code violations, moisture or water problems, etc.) Require everything in writing. See the next step!)

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MLS Pre-approval Agents Sales 105

HomeLight

APRIL 27, 2023

Here are key considerations when considering an offer on your Kentucky home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Require everything in writing. Remember, you can counter-offer and negotiate. Look for a good real estate attorney. See the next step!)

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MLS Agents Sales Mortgage pre-approval letter 95

HomeLight

DECEMBER 6, 2022

Here are key considerations when considering an offer on your New Jersey home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. So your due diligence should include contacting the lender to ask about the type of financing and whether the buyer has the qualifications to be approved for a loan.

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Purchase and sale agreement MLS Pre-approval Agents 103

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. And then when that happens, I tend to see people lose money at the closing table,” explains Richter. Require everything in writing. Look for a good real estate attorney.

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Purchase and sale agreement MLS Pre-approval Agents 102

HomeLight

OCTOBER 14, 2022

She points out that the many contingencies sellers can negotiate into a deal may be foreign to them, but they’re indispensable knowledge for landing the best deal. Here are key considerations when considering an offer on your Illinois home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds.

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MLS Agents Sales As-is 102

HomeLight

SEPTEMBER 9, 2020

Once you’ve figured out where the money is coming from, it will be easier to take the next step: getting proof that you have the cash. Obtain proof of funds from the bank. Providing a proof-of-funds letter is more secure than forking over a bank statement, which contains sensitive information. Find your house.

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Inspection contingency Inspection Title Proof of funds 116

The Close

DECEMBER 29, 2022

One example is someone using a private road to access their own land. This is the government’s right to use private land for a specific, public purpose after compensating the owner. An encroachment is a violation of an owner’s property rights by building or extending onto their land without permission. Proof of funds.

Purchase and sale agreement 98

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

HomeLight

OCTOBER 20, 2022

Other disclosures (foundation problems, land use, encroachments, zoning or code violations, moisture or water problems, damage from wind, termites, or rodents, etc.). Here are key considerations when considering an offer on your Indiana home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds.

MLS 108

MLS Agents Mortgage pre-approval letter Sales 108