How Do I Verify a Cash Buyer’s Proof of Funds?

How Do I Verify a Cash Buyer’s Proof of Funds?

Ask for a current letter or statement that shows the buyer has liquid funds to close your purchase, from a bank, credit union, or other institution you can call. Then call the institution or the title company. House Sold Easy can show proof of funds before you sign. Call 636-525-1566.

A seller checklist

1. Ask before you sign. A screenshot of a balance from last year is not enough.
2. Name and property. The letter should be recent and should support a close on a house like yours. The letter should be recent and should support a close on a house like yours. 3. Call the source. A phone number on letterhead you looked up yourself, not a number typed into the email.
3. Ask who closes. A title company you can name is a good sign. What happens at a cash closing.
4. Ask who is the buyer. House Sold Easy buys and closes as the buyer. We can show proof of funds before you sign.

Related: can you show proof of funds, proof-of-funds blog, what is a we-buy-houses company.

Common questions

Will you email proof before I give the address?

We need the address to talk about a real close. We can show proof of funds before you sign the contract.

Is a pre-approval letter the same thing?

No. That is a lender’s maybe. Proof of funds is cash or equivalent available to close.