Your Home Sold Guaranteed Realty - Coldwell Real Estate Services

How Do You Show Proof of Funds for a Cash Offer?

How Do You Show Proof of Funds for a Cash Offer?

When you receive a cash offer on your home, requiring proof of funds from the buyer is a smart way to verify if it’s a legitimate offer. As a seller, you want confidence that the buyer has the financial means to pay the offered price in cash at closing. Asking for proof of funds documentation is standard practice to avoid potential scams or cash offers falling through. Here’s what home sellers need to know about valid proof of funds and signs of possible fraudulent activity.

Key Takeaways:

  • Require recent bank statements or other documentation proving available cash funds
  • Watch for red flags like missing bank details, alterations, or inconsistencies 
  • Independently verify documentation and follow up directly with buyer’s lender or bank

Valid Proof of Funds Documents

Most cash buyers will provide a recent bank statement showing available funds at least equal to the offered purchase price. Require a statement dated within the past 30-60 days to ensure funds haven’t already been spent or committed elsewhere. Common valid proof of funds documents include:

  • Bank statements demonstrating cash balances & transaction history
  • Brokerage account statements if drawing from investments
  • Proof of a recent home sale with net proceeds documented
  • Loan pre-approval letter from a reputable lender

Watch for Proof of Funds Red Flags

While valid proof of funds can come in different forms, be wary of documents that seem fraudulent or cannot be verified. Some red flags include:

  • Bank statements lacking official bank identifiers and contact info
  • Documentation appearing altered or digitally manipulated
  • Inability to provide recent or multiple account statements  

Tips to Avoid Proof of Funds for a Cash Offer Scam

Follow these tips when requiring and reviewing proof of funds to help avoid cash for your house scams:

  1. Speak directly to buyer’s lender if a loan is involved
  2. Independently verify account balances directly with the bank  
  3. Require dated statements within the past 30-60 days
  4. Check for inconsistencies and alterations in documents

By taking reasonable precautions to confirm authenticity, cash buyers should have no issues providing legitimate proof of funds documentation. Transparent communication is also key throughout the offer and due diligence process.

Call Scott Coldwell to Get Multiple Cash Offers on Your House within 24 Hours!

How Do You Show Proof of Funds for a Cash Offer?
Scott Coldwell

If you want to sell your house for cash in Ocala, Florida, Scott Coldwell and Your Home Sold Guaranteed Realty - Coldwell Real Estate Services can help. With nearly 19 years of real estate experience, our real estate team has helped hundreds of our clients sell fast and for top dollar.

But you don’t have to take our word for it. Our track record speaks for itself. On average, we sell homes 48% faster and for 2.4% more money compared to other realtors in Ocala. 

We’re able to do this because of our extensive database of over 8,000 pre-qualified home buyers, including cash home buyers. With this database, we can match you up with an interested cash buyer almost instantly.

On top of our network and industry connections, we also offer several seller guarantees to protect your interest, like our Guaranteed Sale Program and Guaranteed Cash Offer ProgramSell your home guaranteed with Your Home Sold Guaranteed Realty - Coldwell Real Estate Services!

To Discuss Your Home Sale or Purchase, Call or Text Today and Start Packing!

Get Multiple Cash Offers! Your Home Sold Guaranteed Realty - Coldwell Real Estate Services has the resources and network to obtain and compare the best cash offers for your house.  In many cases, the seller can pick the closing, move out date or even lease the house back from the buyer.  Call 352-290-3512 today to get the best cash offer and sell your house fast for cash!

Scott Coldwell $ 223 SW Broadway St, Ocala, FL 34471 352-290-3512
Scott Coldwell, Broker/Owner
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