Earnest money deposit vs Proof of funds

[Janet Thaxton]

I am about to close my first "small" deal! Yessssssss The buyer wants to pay the full amount of the property at closing. So i suggested proof of funds. He is going to give me a bank statement. My mentor says that since the buyer does not have the Earnest money deposit that he should use his own Title company to close the deal. The buyer doesnt have his own Title company because he asked me to provide. The mentor doesnt think the buyer is a true cash buyer. I do. Should i still use the same Title company for the buyer or let him find his own. The deal may not go thru and i am excited to close my very first small deal. Your thoughts??