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re: House Sellers: How common is it for a seller to require proof of funds before even showing
Posted on 7/5/23 at 7:32 pm to Hateradedrink
Posted on 7/5/23 at 7:32 pm to Hateradedrink
POF or pre-approvement letter was required every time I sold a house. You should have financing in order before looking. Therefore, a pre-approvement letter should be simple.
2
Posted on 7/5/23 at 7:46 pm to TDTOM
As many have said a pre approval is a valid request and that’s typical when offering. I would never recommend a cash client to show proof of funds for a showing or an accepted offer. Why would I lose leverage for my client before the process even starts.
This post was edited on 7/5/23 at 7:50 pm
Posted on 7/5/23 at 8:09 pm to TDTOM
quote:
POF or pre-approvement letter was required every time I sold a house. You should have financing in order before looking. Therefore, a pre-approvement letter should be simple.
If I like the place, I’m paying cash. I understand if I’m making an offer but I will not show a Joe Blow my account statement just to see the fricking place.
This post was edited on 7/5/23 at 8:30 pm
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