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Updated almost 5 years ago on . Most recent reply

Kirk R.'s profile image
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Kirk R.
  • from Peoria, Illinois
  • Member since May 29, 2013
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Kirk R.'s profile image
Kirk R.'s profile image
Kirk R.
  • from Peoria, Illinois
  • Member since May 29, 2013
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Kirk R.
  • Peoria, IL
383
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Buying & Selling Real Estate

How Much $$ to Show? Proof Of Funds. Copy of Bank Account

Kirk R.
  • Peoria, IL
Posted

Potentially putting in an offer on a Realtor listed house.

How much money should I show?  The listing is at $30k.  

Proof of Funds - I can move around how much money I show using my HELOC?

$50k?  $30k?  $20k? $5k? hmmmmm.  Appreciate advice

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David Martin's profile image
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David Martin
  • from Cypress, TX
  • Member since Aug 11, 2016
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David Martin
  • from Cypress, TX
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David Martin
  • Cypress, TX
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David Martin
  • Cypress, TX
Replied

@Kirk R. 110% of asking (or 10% over asking, if that's easier). Shows you're positioned to move on the deal, if their valuation is accurate, plus a little extra.

  • David Martin
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