How To Get A Proof Of Funds Letter For A Smooth Transaction
Suppose you are a wholesaler looking to get a property under contract and once you are almost ready to close the seller asks for a proof of funds letter. What do you do?
First things first, what exactly is a proof of funds letter? Proof of funds letter is a valuable document that demonstrates an individual or organization’s financial strength.
Are you a wholesaler that has been recently asked for a proof of funds letter before closing a deal? You are not alone. Some sellers may require this letter as a formality, but not having one may cause the seller to accept another wholesaler’s offer over yours. In this blog, we will discuss 3 reasons sellers might want to see a proof of funds letter to close the deal. Let’s get started.
3 Reasons Sellers Might Ask For a Proof Of Funds Letter
It is important for sellers to keep a record of their transactions. Proof of funds letters are very important because they make sure that the buyer is telling the truth. They also make sure that everyone involved in the transaction follows the rules if any problems come up later. Let´s look at some other reasons why sellers might want a proof of funds letter.
Make Sure Buyers Are Serious
Proof of funds letter guarantees that the buyer is serious about the transaction and gives the seller ease for a smooth process.
Helps with Negotiation
If you provide a proof of funds letter, the seller might be more inclined to negotiate a price. The seller might want a larger down payment if you don’t offer it.
Show Reliability
Sometimes sellers might want security in knowing the buyer has sufficient funds to cover the house’s price. Some sellers might hesitate if the buyer doesn’t have much property purchase experience.
Getting assistance from a trusted transactional lender that can help you with your wholesale transaction needs is essential.
Get Support By A Trusted Transactional Lender
At Wholesalers Transactional Funding, we make sure you get the proper transactional funding to close those deals you have been working so hard to get. Let us assist you with just a 1% origination fee. We will secure transactional funding for you with no credit checks or appraisals. Just a straightforward process for you to grow your business. Whether you need us in the future, have a current deal that needs funding, or need a proof of funds letter, we are here to support you. Funding is made easy with these 3 steps:
- Go Online And Give Us Some Info
- We Will Contact You Shortly
- You Get Funding To Close The Deal And Enjoy The Profits.
We offer transactional funding for wholesalers nationwide. Let’s get started!