Remove Mortgage pre-approval letter Remove Mortgages Remove Proof of funds
article thumbnail

What’s Required to Sell a House Without a Realtor?

HomeLight

The buyer’s lender will probably require their own appraisal as part of their loan approval process. Mortgage statement with payoff amount. This organizational worksheet helps calculate your net proceeds after deducting the mortgage payoff, taxes, escrow, and any other fees. Homeowners Association documents (if applicable).

article thumbnail

11 Things to Know Before Buying a House

Redfin

Plus, you will need them to see how much house you can afford and then seek pre-approval for a mortgage. Bank statements: To secure a mortgage, your lender will want a snapshot of all funds coming and going from your bank account for the past 30-60 days. Here’s a list of documents you will need: .

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Sell a House By Owner in Iowa: A Hawkeye State FSBO Guide

HomeLight

To protect your home, yourself, and your family, have a pre-approval process that includes: Requiring the buyer’s identification. Requiring the buyer’s pre-approval letter or proof of funds. Running a background or credit check. Professional Realtors® get targeted all the time. We get attacked.

MLS 111
article thumbnail

How to Sell a House By Owner: 2022 FSBO Guide

HomeLight

Before signing anything, here are key considerations: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Evaluate offers and negotiate a deal. You’ve got your first offer — congratulations! Require everything in writing. Remember you can counter-offer and negotiate.

MLS 105
article thumbnail

How to Sell a House By Owner in Ohio: A Buckeye State FSBO Guide

HomeLight

But that said, he urges FSBO sellers to ensure that prospective buyers have pre-approval and proof of funds. He says asking for pre-approval letters is key. “Negotiating a deal is another place where working with an experienced agent is key — there’s really no getting around that,” he says.

MLS 111
article thumbnail

How to Sell a House By Owner in Utah

HomeLight

Before signing anything, Grable recommends thoroughly reading through the offer and noting not just the offer price, but if there will be a mortgage, and when the closing date will be. 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.

MLS 104
article thumbnail

How to Sell a House By Owner in Michigan: A Great Lakes State FSBO Guide

HomeLight

Here are key considerations when considering an offer on your Michigan home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. It’s helpful to have a real estate attorney review the documentation so you know what you’re getting into before you enter into the agreement.”.