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Updated about 7 years ago on . Most recent reply

User Stats

19
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7
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Johannes Bezuidenhout
  • Specialist
  • Katy, TX
7
Votes |
19
Posts

Address Not Provided. Proof of funds first??

Johannes Bezuidenhout
  • Specialist
  • Katy, TX
Posted
How do I approach a seller that want a check list of things done before they provide address? Below is the email I received. Need some advice . Thank you for contacting us. Before I provide the address to the property I do have some questions for potential buyers due to we like to work with those who are serious if the property fits their criteria for purchase. Please answer the questions and we will respond with the address if you answers fit the buyers that we like to work with. Thank you.  1) We require proof of funds for the transaction? Are you willing to provide that information before we provide the address? 2) We require a non-refundable earnest money deposit of $1000 (depending on your deal) to be placed with our title company if you decide to purchase the property? Can you do that? 3) f you do decide to purchase the property what kind of funding will you use? Hard Money, Cash, or some form of financing 4) If you do decide to purchase how fast can you close?

Most Popular Reply

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1,730
Posts
1,512
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Jason Hirko
  • Lender
  • San Antonio, TX
1,512
Votes |
1,730
Posts
Jason Hirko
  • Lender
  • San Antonio, TX
Replied

@Johannes Bezuidenhout They are trying to weed out wholesalers and buyers expecting a traditional retail closing. I think those questions are a good sign - they are ready to sell to an investor and speed of closing is important to them. 

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