Believe it or not, you won’t need a checkbook or any immediate cash to make an offer on a PebbleCreek home.

That’s right.  It is typical for an offer to be written, presented and accepted before any money changes hands.

You can expect that your offer on a resale home will include a provision that you will deposit an agreed upon amount of money with the escrow company within 24- 72 hours of contract acceptance.  At that point, the escrow deposit is generally in the form of a wire transfer or a personal check.

So, you can definitely make an offer on a house even if you left your checkbook at home (unless you don’t like wire transfers!).

THAT BEING SAID, proof of funds or a mortgage prequalification must accompany any offer on a resale home.  The prequalification is expected to be on the Arizona approved form (just get in touch with me and I will send it to you, or you can find it here.)   Proof of funds can be provided through copies of current statements from financial instiututions or even a letter from a financial institution certifying that your accounts are adequate to cover the intended purchase.

Having the proof of funds or the mortgage prequalification in place is CRITICAL to serious home shopping; taking care of securing these documents in advance will insure that you don’t have to sit on the sidelines waiting for documents to show up while watching others make successful offers on your dream house.  But go ahead and leave your checkbook at home…

You will find more tips about the PebbleCreek resale buying process here.