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Updated over 10 years ago,

NA Jones's profile image
NA Jones's profile image
NA Jones
  • Flipper
  • from Port Deposit, Maryland
  • Member since Feb 24, 2014
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User Stats

280
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171
Votes
NA Jones's profile image
NA Jones's profile image
NA Jones
  • Flipper
  • from Port Deposit, Maryland
  • Member since Feb 24, 2014
Connect
NA Jones
  • Flipper
  • Port Deposit, MD
171
Votes |
280
Posts
Buying & Selling Real Estate

Cash purchase

NA Jones
  • Flipper
  • Port Deposit, MD
Posted

This may seem like a bit of a silly question... but I'm asking anyway.

When providing proof of funds or making a cash purchase, does the seller care about "reserves" like a lender would when financing a purchase?

Say I make an offer on a property for $48,195 and my POF show a balance of $49,500 does it matter to the seller that I'm spending literally every penny I have on the place? Can we still close?

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