CASH TERMS-Read This
Below please find the standard and customary docs needed upfront for a smooth, streamline, and successful presentation and acceptance of Purchase Agreement and a successful Close of Escrow for the purchase of Residential Property in the Las Vegas, NV Real Estate arena of today.
BUYER KINDLY PLEASE SUPPLY Courtesy of Financial Verification with a Photo ID PRIOR TO TOURING HOMES
[email PDF format is most ideal]
IF All CASH TERMS, PLEASE REFER TO BELOW INFORMATION
PURCHASING WITH ALL CASH FROM A PERSON: Must Supply Courtesy of Financial Verification From:
~A current bank statement [within 30 days] with verifiable funds to substantiate the amount of the purchase price with principal/buyer’s name on it. (Truncation of account number and social security number are acceptable)
~A CURRENT LETTER OF FUNDS VERIFICATION FROM THE BANK [within 30 days] with principal/buyer’s name, on bank letterhead, with bank contact information, signed by the bank representative.
PURCHASING WITH ALL CASH FROM A TRUST, LLC, OR CORPORATION: Must Supply Courtesy of Financial Verification From…A bank statement with verifiable funds to substantiate the amount of the purchase price with entity/principal/buyer’s name on it. (Truncation of account and TIN number are acceptable)
If the Buyer is a TRUST, LLC, or CORPORATION : Must provide PROOF OF AUTHORITY From:
[Title/Escrow Company will need this to close]
Trust: Provide Trustee docs: If you can provide the Trust Certificate that would be great. If not we would need to see the first page which shows the name of the trust, the page that shows the trustees, the page that shows the powers of the trust (looking to see if the trust has the rights to purchase), and signature pages.
LLC: Provide LLC Manager docs
Corporation: Provide Articles of Incorporation
BUYER KINDLY PLEASE SUPPLY Courtesy of Financial Verification with a Photo ID PRIOR TO TOURING HOMES [email PDF format is most ideal]
Banks/Sellers will not accept:
~Receipts from ATM machines
~Letter from parents or friends
~Letter of Intent
RE: Check book for Earnest Money Deposit [EMD]
Most ideal for the check to have principal/buyer’s name pre-printed on the check.
~Valid Driver’s License
~Green Card with Photo
IF FINANCING, PLEASE REFER TO BELOW INFORMATION
FINANCING: A pre-approval letter from a national bank with complete lender contact information and signature on a company letter head stating the pre-approved amount that substantiates the purchase price with the principal/buyer name that is also on the approved loan/lender approval letter.