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Updated almost 7 years ago on . Most recent reply

User Stats

56
Posts
18
Votes
Neddie Smith
  • Rental Property Investor
  • Portland, OR
18
Votes |
56
Posts

How to show Proof of Cash Funds

Neddie Smith
  • Rental Property Investor
  • Portland, OR
Posted

A question for the pros here. I am looking to buy my first property and to make the offer, my agent is asking me for something that proves I can make a cash offer.

What are the typical documents I would need to show?

Because I am living overseas, I do not think a letter from my bank written in German would be any help.

  • Neddie Smith
  • Most Popular Reply

    User Stats

    5,116
    Posts
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    Kyle J.
    • Rental Property Investor
    • Northern, CA
    5,171
    Votes |
    5,116
    Posts
    Kyle J.
    • Rental Property Investor
    • Northern, CA
    Replied

    I don't show any special documents or even a bank statement when making cash offers.  They don't need to see all of your transactions (which are typically listed on a bank statement) for the month.  It can actually be be much more simple than that. 

    All I do to show proof of funds when making a cash offer is take a screen shot or printout of my online bank account summary, making sure that it shows my name and that the total available balance is higher than my offer.  That's all they need to see.

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