Do I Need Proof of Funds to Make an Offer?

Posted by WILMOTH Group on August 23, 2021
Do I Need Proof of Funds to Make an Offer?

It is strongly recommended that your offer be submitted with a proof of funds or a preapproval letter. In fact, many corporate, and investor, sellers insist on receiving proof of funds with any offer. A proof of funds provides assurance to the seller that the proposed buyer has financial capacity to perform on their offer.

Corporate sellers and traditional sellers will favor offers that specifically show the proposed buyer’s financial capacity to complete the purchase as proposed.

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WILMOTH Group is headquartered in Indianapolis, Indiana and Fort Myers, Florida. We focus on providing creative local solutions for a variety of residential real estate needs including, properties for sale, property management services in Indianapolis, and short-term management services in Tampa and Fort Myers.