Is it common for seller to ask for financial statements ?

[Kumar Gaurav]

Hello,

I came across a multifamily which is a 5-plex

The seller’s agent showed a vacant apartment when I was there as they don’t want to disturb tenants on casual inquiries. When I first bought my triplex I needed a pre approval from lender

Is it common to ask for financial statements before seeing the home? How can I best share financial statements without compromising privacy? Appreciate your inputs

Thanks

[John Clark]

Quote from @Kumar Gaurav:

Hello,

I came across a multifamily which is a 5-plex

The seller’s agent showed a vacant apartment when I was there as they don’t want to disturb tenants on casual inquiries. When I first bought my triplex I needed a pre approval from lender

Is it common to ask for financial statements before seeing the home? How can I best share financial statements without compromising privacy? Appreciate your inputs

Thanks

Seller wants proof of funds. Submit financing pre approval to amount you need to buy the place. You could be a time waster or a seller-financing dreamer. Financing statements weed such people out early.