Sellers Must Pay Attention to Buyer’s Proof of Funds

If you are selling your house and you get a lot of offers and all offers look really good. How do you determine which offer to pick? Well, one of the most important thing you need to pay attention is the buyer proof of funds. You want to see which buyer is in the best cash position uh in today’s market where a lot of properties are selling above a value, you want to make sure your buyer has enough cash to come up with the difference to in addition to their down payment.

For example, if you are selling your house for 1 million and the buyers lend, sends an appraiser and appraisal only at uh gives a value of 950 that $50,000 difference. The buyer has to come up with cash in addition to their down payment. Uh So that’s why it’s very important. You look at the proof of funds uh before you accept the offer. If you have any questions about this, give me a call.

You can call me at 8583450685.

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Shirin Rezania Ramos | 858.345.0685 | | Compass, DRE 0203379

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