Frequently Asked Questions
The Most Trusted Cash Home Buyer in Virginia, Maryland, and DC.
Can a Cash Home Buyer Provide Proof of Funds?
Yes. A legitimate cash buyer should be able to show that the money to close is available, usually with a recent bank letter, bank statement, or proof from the institution holding the funds. If a buyer cannot or will not provide proof of funds, treat that as a warning sign.
What counts as proof of funds?
A letter or statement from the bank dated within the last thirty days that shows liquid funds or a committed line sufficient to buy the house. Screenshots with no name, expired letters, or “we will get financing later” are not proof of cash.
When should I ask for it?
Ask before you sign a purchase agreement, or as soon as you have a written offer. A serious buyer expects the question.
Does proof of funds mean the deal cannot fall through?
No. It means the buyer has money. Title issues, seller delays, or a contract the buyer never intended to close can still stop a sale. Pair proof of funds with a real earnest money deposit at the title company. For added protection require the buyer put up a non-refundable deposit equal to 7% of the purchase price.
What are red flags?
Upfront fees to “hold” the offer. A buyer who says they are cash but talks about finding another buyer. Refusal to close at a licensed title company. Pressure to sign before you see funding documentation. A buyer from another state who offers to buy your home without ever seeing it.
Will Express Home Buyers provide proof of funds?
Yes, when you are at the offer stage. We have been buying houses for cash in the DC, Maryland, and Virginia market since 2003.
This is general information, not tax or legal advice.
Video Transcript
Can a cash home buyer provide proof of funds? Yes. A legitimate cash buyer should be able to show that the money to close is available, usually with a recent bank letter, bank statement, or proof from the institution holding the funds. If a buyer cannot or will not provide proof of funds, treat that as a warning sign.
What counts as proof of funds? A letter or statement from the bank dated within the last thirty days that shows liquid funds or a committed line sufficient to buy the house. Screenshots with no name, expired letters, or "we will get financing later" are not proof of cash.
When should I ask for it? Ask before you sign a purchase agreement, or as soon as you have a written offer. A serious buyer expects the question.
Does proof of funds mean the deal cannot fall through? No. It means the buyer has money. Title issues, seller delays, or a contract the buyer never intended to close can still stop a sale. Pair proof of funds with a real earnest money deposit at the title company. For added protection require the buyer put up a non-refundable deposit equal to 7% of the purchase price.
What are red flags? Upfront fees to "hold" the offer. A buyer who says they are cash but talks about finding another buyer. Refusal to close at a licensed title company. Pressure to sign before you see funding documentation. A buyer from another state who offers to buy your home without ever seeing it.
Will Express Home Buyers provide proof of funds? Yes, when you are at the offer stage. We have been buying houses for cash in the DC, Maryland, and Virginia market since 2003.
If you want a no-obligation cash offer from a buyer who can document funds, request one at Express Home Buyers dot com.