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Updated over 5 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • Yuma, AZ
45
Votes |
637
Posts

Do I need to show proof of funds to get a house under contract?.

Account Closed
  • Rental Property Investor
  • Yuma, AZ
Posted

If a realtor has a property listed the homeowner is willing to sell their property for a wholesale price (because they are motivated) do you need to show the realtor proof of funds in order to get the deal under contract to flip it?

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Chris Mason
Pro Member
  • Lender
  • California
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Chris Mason
Pro Member
  • Lender
  • California
ModeratorReplied
Originally posted by @Account Closed:

@Chris Mason the realtor said he doesn't show properties to buyers who doesnt show proof of funds

 In other words, the Realtor is NOT horrible at their job....

Just show the PoF or preapproval. If you can't do that SUPER simple task (should take you no more than 30 second...), then there's no point in even showing you the home. You have the PoF/PA or you don't. Period... Realtors with IQs over potato don't deal with so-called "wholesalers." 

  • Chris Mason
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