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Friday, August 6, 2021

Property experts left stunned after agent asks buyer for proof of funds before a viewing

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Property experts left stunned after agent asks buyer for proof of funds before a viewing

The podcast hosts said that unfortunately, these are the estate agents’ instructions so the buyers must “play by their rules”.

The experts said Cathy can either object to their instructions and decide that the property isn’t worth it.

“I would very much respect that decision,” they said.

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Or, if she thinks the property is worth it, she should send them a redacted bank statement.

“I do this when they ask for proof of funds after having an offer accepted, they normally ask for a bank statement at that point, so I’ll just send the first page with everything except the balance and my name blanked out,” they said.

“I’m giving them what they need to know but not giving away anymore information than strictly necessary.”

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Property experts left stunned after agent asks buyer for proof of funds before a viewing
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