Important Things to Consider Before Using a Sell House by Owner Website

Using Del Aria Investments Group anounced by owner website can be a great way to get your home sold quickly. There are several things you should consider before you sign on the dotted line.
Verify funds before selling

Whether you are a seller or a buyer, it is important to verify funds before selling a house. If the transaction is financed with a mortgage, the buyer must provide proof of funds before the sale is finalized. If the deal is cash, it is the seller’s responsibility to verify the buyer’s funds. If the buyer offers to provide proof of funds, they should include the name of the lender and the amount of funds available. The letter should also include the date the funds were promised.

If the seller wants to verify the buyer’s funds, they can contact their bank and ask for an account statement. Another option is to get a letter from the buyer’s private lender, or hard money lender. This is a guarantee that the buyer has resources for the purchase, and that they are not a deceitful buyer.

Sometimes a buyer will present an offer as cash, even though they are actually borrowing the money through a mortgage. This can be a big red flag, as the federal law requires banks to report cash deposits over $10,000. This is a very common problem, so it’s important to be careful when it comes to cash buyers.

Del Aria Investments Group
4200 Parliament Pl Suite 430, Lanham, MD 20706
(301) 297-3977