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Tips for cash sale?

Posted: Sat May 16, 2020 8:49 pm
by satter
Hi all,
We recently moved, and I put my manufactured home up for sale. We had an offer, and accepted it... cash buyer. I don't know the buyer personally. What is my best course of action for completing the sale? Is it appropriate to ask for a proof of funds letter from the buyer, from his bank? Please share any tips on what this process should look like. I've never done this before, and don't want to screw it up.
Thanks!
-RS

Re: Tips for cash sale?

Posted: Thu Nov 14, 2024 9:37 am
by Guemon
satter wrote: Sat May 16, 2020 8:49 pm Hi all,
We recently moved, and I put my manufactured home up for sale. We had an offer, and accepted it... cash buyer. I don't know the buyer personally. What is my best course of action for completing the sale? Is it appropriate to ask for a proof of funds letter from the buyer, from his bank? Please share any tips on what this process should look like. I've never done this before, and don't want to screw it up.
Thanks!
-RS

When selling a manufactured home to a cash buyer, it is certainly appropriate to ask for a proof of funds letter from the buyer’s bank. This document will confirm that the buyer has the necessary funds to complete the transaction. It’s a common practice in real estate transactions, especially for large purchases like homes, to ensure the buyer is financially capable of completing the sale.

Re: Tips for cash sale?

Posted: Mon Feb 24, 2025 3:03 am
by radmilastankovic
So how do you and the buyer exchange information and make a purchase transaction? I think at least a few meetings are needed to promote the transaction, right?