Redfin
SEPTEMBER 3, 2022
Proof of funds (POF): A POF is a lender-issued document showing how much money a person has to cover the purchase costs. Pre-approval: A mortgage pre-approval letter from your lender shows sellers that you can qualify for a loan according to a cursory examination of your income and debt. .
HomeLight
OCTOBER 20, 2022
You can ask for proof of funds and a mortgage pre-approval letter. Open houses typically last for a few hours on the weekend. Add prep and cleanup time to your schedule. Evaluate offers and negotiate. Be sure offers are in writing. Negotiations can be difficult. You don’t want to offend a buyer.
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HomeLight
OCTOBER 11, 2022
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.
HomeLight
MARCH 13, 2022
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.
HomeLight
OCTOBER 1, 2022
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.
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. Require everything in writing. Remember, you can counter-offer and negotiate. Look for a good real estate attorney. See the next step!)
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. Remember to take your time and be prudent when responding to offers. Require everything in writing. Remember, you can counter-offer and negotiate.
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