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Rainmaker
1,153,794
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Anything on letterhead with a verified financial institution which includes a name & signature with contact information for same and the knowledge that a call and respective emails will be made. It shall also entail the full amount necessary to consummate the transaction. 

Jan 26, 2019 11:46 AM
Rainmaker
4,584,546
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

When representing buyers I include a copy of a statement with the balance or a letter on a institution's letterhead signed by a representative'phone contact information.  Depending on market conditions, there may be additional information submitted.

For sellers:  use the submitted information and then verify with the sources.  Ask for additional information if not sufficient or suggest seller reject if necessary.  

Jan 26, 2019 12:22 PM
Rainmaker
902,528
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Statement from financial institution to the effect that liquid assets exist. 

Jan 26, 2019 12:00 PM
Rainmaker
679,404
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

We require CURRENT (within past 30 days) Bank Statement(s) or financial statements proving the funds are available to close.

Jan 26, 2019 03:33 PM
Rainmaker
1,057,564
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I would like Bank letterhead stating the name of the customer and confirming funds sufficient to do a real estate transaction in the amount of X available as of X date.

Jan 26, 2019 03:31 PM
Ambassador
3,350,619
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Current bank statement (within last 30 days) in the name of the person making the purchase.  I no longer accept "verified" bank statements. 

Here's why: Years ago, I listed a short sale. The owner was also an independent broker who did loans as well as real estate.  We know that short sales need to be arms-length.  The buyer was a friend of the seller who lived next to a relative of the seller who gave the buyer $700K to buy the home.  Yes, the money was in his account in his name BUT had we seen the statement, we would have seen one lump sum of $700K was deposited into the account.  

Can you say .... F R A U D ????

 

The lender had a red flag on that account.  They were watching it carefully.  When the buyer refused to sign the lenders arms-length "warning" letter that talked about federal offense and going to jail ... 

For a regular sale, said letter may be acceptable with verification. 

Nuff said. 

Jan 26, 2019 01:17 PM
Rainmaker
5,116,963
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Letter from the buyer's banker or a copy of their bank statements.

Jan 26, 2019 12:08 PM
Rainmaker
1,847,781
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Copy of account(s) with name clearly stated & all account numbers can be blacked out. Current dates which in this case worst would be Dec.

Jan 26, 2019 12:35 PM
Rainmaker
5,583,328
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

on bank letterhead, and signed by someone of authority, the statement reflecting the buyer has as of that date the total sum needed to close on the property....

Jan 26, 2019 12:31 PM
Rainmaker
5,773,261
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Caroline,

On the high end, people offer their private banker's phone number.  In commercial real estate, it was letter of credit with international clients on which the monthly lease amount was drawn...Some lease considerations were over several million dollars.  A

Jan 26, 2019 11:57 AM
Ambassador
5,258,256
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Current statements IN WRITING - anyone can pose as a banker/financial planner by phone so, it always has to be in writing.

Jan 26, 2019 04:53 PM
Rainmaker
2,403,096
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

A current bank statement and the banks phone number.

Jan 26, 2019 04:25 PM
Rainmaker
2,785,506
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Depending on the deal...I may even have to speak to the bank

Jan 26, 2019 02:07 PM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Account #, password and transfer code.

Overwhelmingly, all I get is a statement that shows a cash balance.

Jan 26, 2019 12:05 PM
Rainmaker
1,712,876
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

The answer is in the word proof.

Jan 26, 2019 11:33 AM
Rainmaker
1,231,853
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Excellent answers here.

Jan 26, 2019 06:19 PM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I ook for a copy of an account with enough money for the purchase or a letter from a local and trusted bank. I also look at lines of credit and letters from known hard money lenders for some. 

Jan 26, 2019 04:12 PM
Rainmaker
554,600
Francine Viola
Coldwell Banker Evergreen Olympic Realty, Olympia WA - Olympia, WA
REALTOR®, In Tune with your Real Estate Needs

A key part of getting proof of funds is getting proof that the funds are LIQUID.  Too many times, I'll receive a stock fund statement or a retirement fund where these funds would need to be sold in order to get the cash.  Sometimes when a buyer realizes there are taxes and possibly penalties for selling stocks/funds, they don't do it.  

Jan 26, 2019 04:01 PM
Ambassador
6,425,063
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Piles of cash are nice, but a letter from your bank will often do the job.

Jan 26, 2019 01:54 PM
Rainmaker
2,222,281
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Bank Statement no older than 30 days or a letter from a financial divisor that can verify the information you need.  

Jan 27, 2019 07:25 AM
Rainmaker
7,871,252
Roy Kelley
Retired - Gaithersburg, MD

A bank letter.

Jan 26, 2019 04:19 PM
Rainmaker
759,935
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Their Account statement or a letter from their bank on bank letterhead stating that they have $ X amount of dollars. 

Jan 27, 2019 05:22 AM
Rainmaker
717,085
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

A bank statement or a letter from a bank manager/financial advisor that the buyer has sufficient funds to purchase the property at the offered price.

Jan 26, 2019 09:01 PM
Rainmaker
536,943
Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

A Bank letter.  On Bank Letterhead.

Jan 26, 2019 06:54 PM
Rainmaker
4,434,177
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Depends.

Jan 26, 2019 02:48 PM
Rainmaker
1,326,324
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

A copy of a current bank statement will do nicely. I have also accepted letters from the buyer's banker attesting to the adequacy of a certain amount of funds on deposit.

Jan 27, 2019 10:52 AM
Rainmaker
1,507,073
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Bank statement or copy of a cashier's check.

Jan 27, 2019 09:03 AM
Rainmaker
1,242,204
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

 Bank statements.... Those blah blah out of the area Capital Investments I have a bad feeling. I want bank or wealth management statements. August is probably OK but they need to send you the latest in 24 hours...

A few homes here require proof of funds before showing....

Jan 27, 2019 08:12 AM
Rainmaker
716,659
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Many of the answers provided here. The acid test: verifiable, current documentary evidence of liquidity owned and at the disposal by the buyer that matches or exceeds the funds required to close the transaction. A matter of buyer disclosure. Anything otherwise is fraud.

Jan 27, 2019 07:37 AM
Rainmaker
2,195,399
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

A letter from institution holding the funds

Jan 27, 2019 06:56 AM
Rainmaker
4,800,132
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

A letter from the bank or financial advisor.

Jan 27, 2019 05:27 AM
Rainmaker
5,246,199
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

A large good faith deposit and a letter from a bank institution with accompanying current account statements 

Jan 27, 2019 05:01 AM
Rainmaker
634,115
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

Current Bank statement or letter from their financial adviser w/ verification of funds to close.

Jan 27, 2019 03:49 AM
Rainmaker
4,907,547
Richard Weeks
Dallas, TX
REALTOR®, Broker

What even the clients wants.  I don't set the requirements, I am just the agent.

Jan 27, 2019 03:45 AM
Rainmaker
1,625,253
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Bank statement usually, no older than 2 months. Or any legal document( letter from a bank for the mentioned amount, an attorney confirmation, a financial document of the asset they are liquidating, etc.)

Jan 26, 2019 11:53 PM
Ambassador
3,864,691
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Bank statements that are currant.  I have  also had a signed letter from their attorney that funds will be available at settlement.

Jan 26, 2019 09:24 PM
Rainmaker
1,209,203
Peter Mohylsky, Destin BeachPro
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

Letter from bank or bank sheet.redacted of numbers .

Jan 26, 2019 07:34 PM
Rainmaker
5,879,716
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

A statement within 30 days showing institution, name of buyer and amount.  Just closed a deal where the agent said she has NEVER had to present proof of funds for a cash deal.    Goodness, never heard of that before! 

Jan 31, 2019 07:58 AM
Rainer
509,449
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

Current bank statement,  or a letter from the bank on a letterhead. 

Jan 30, 2019 01:16 PM
Rainmaker
3,986,308
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Letter from bank oficial at min.

Jan 28, 2019 05:49 PM
Rainmaker
1,728,767
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Yup!

 

Jan 28, 2019 08:18 AM
Rainmaker
1,753,413
Mike Cooper, Broker VA,WV
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

We have accepted a letter from a bank holding the funds to confirm they are there. 

Jan 27, 2019 05:08 PM
Rainmaker
532,904
Karen Feltman
Cedar Rapids/Iowa City, IA KW Legacy Group - Cedar Rapids, IA
Relocation Specialist in Cedar Rapids, Iowa

A letter from the bank that states that the buyer is able to purchase the property at the accepted offer price.  Address of the listing must be on the letter and provided within 3 days of the accepted offer.

Jan 27, 2019 04:57 PM