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Melody Kushi's profile image
Melody Kushi's profile image
Melody Kushi
  • from Princeton, NJ
  • Member since Jul 11, 2019

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Melody Kushi's profile image
Melody Kushi's profile image
Melody Kushi
  • from Princeton, NJ
  • Member since Jul 11, 2019
Melody Kushi
  • Princeton, NJ
114
Votes |
45
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Wholesaling

Seller’s Realtor asking for Bank Statemenf

Melody Kushi
  • Princeton, NJ
Posted

Hi BP team!!

I placed my very first cash offer on a SFR yesterday. I read and signed all contracts, included my Addendum stating I have the right to wholesale and forwarded a Proof of Funds letter received by a lender.

Today, I received an answer from seller that there is another offer very close to mine and seller will like a final offer. The good news is I left some wiggle room for this.

Unfortunately, they are also requesting for a Bank Statement stating I have $xxx,xxx amount cash.

If my intention was to wholesale this deal, why do I need to show I have the funds? How can I get around this?

FYI: I haven’t presented this property to any cash buyers because my offer has not been accepted yet.

Your help is much appreciated!

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Russell Brazil's profile image
Russell Brazil's profile image
Russell Brazil
  • #3 All Forums Contributor
  • Real Estate Agent
  • from Washington, D.C.
  • Member since Oct 20, 2012

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Russell Brazil's profile image
Russell Brazil's profile image
Russell Brazil
  • #3 All Forums Contributor
  • Real Estate Agent
  • from Washington, D.C.
  • Member since Oct 20, 2012
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

He is calling your bluff on it being a cash offer. If it is cash, then they want to see the cash.

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