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ALL CASH TERMS-READ THIS For Successful Presentation and Acceptance of Purchase Agreement

By
Real Estate Agent with UNITED REALTY GROUP 53507

Below please find the standard and customary docs needed upfront for a smooth, streamline, and successful presentation and acceptance of Purchase Agreement and a successful Close of Escrow for the purchase of Residential Property in the Las Vegas, NV Real Estate arena of today.

IF All CASH TERMS, PLEASE REFER TO BELOW INFORMATION:

PURCHASING WITH ALL CASH FROM A PERSON:  Supply Proof of Funds From...A bank statement with verifiable funds to substantiate the amount of the purchase price with principal/buyer's name on it.  (Truncation of account and social security number are acceptable)

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PURCHASING WITH ALL CASH FROM A TRUST, LLC, OR CORPORATION:  Supply Proof of Funds From...A bank statement with verifiable funds to substantiate the amount of the purchase price with principal/buyer's name on it. (Truncation of account and TIN number are acceptable)     PLUS [outlined below] :  Cash Buyer to provide Proof of Authority From...  [Title Company will need this to close]

Trust:  Trustee docs:  If you can provide  the Trust Certificate that would be great.    If not we would need to see the first page which shows the name of the trust, the page that shows the trustees, the page that shows the powers of the trust (looking to see if the trust has the right to purchase), and signature pages. 

LLC:  LLC Manager docs

Corporation:  Articles of Incorporation

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Banks/Sellers will not accept:

~Receipts from ATM machines

~Letter from Financial Institutions

~Letter from parents or friends

~Letter of Intent

RE:  Check book-Most ideal for the check to have principal/buyer's name pre-printed on the check. 

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IF FINANCING, PLEASE REFER TO BELOW INFORMATION:

FINANCING: A pre-approval letter from a national bank with complete lender contact information and signature on a company letter head stating the pre-approved amount that substantiates the purchase price with the principal/buyer name that is also on the approved loan.

IF FINANCING, PLEASE REFER TO THIS LINK: http://activerain.com/blogsview/1002384/the-importance-of-a-pre-approval

Julia St. Marie, ABR, RRG, RSPS

Certified REO Specialist

Phone:  702-355-H-O-M-E (4663)

Fax:  702-791-1094

LVRealEstateLady@Yahoo.com

www.LVRealEstateLady.com

 

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