My husband and I are considering on making a cash offer on a foreclosure property in Olathe, Kansas

Question: My husband and I are considering on making a cash offer on a foreclosure property in Olathe, Kansas. We're assuming that we'll need to prove that we have the cash to close. The problem is we don't want to provide a bank statement prior when we make the offer because we have much more in our account than what is required to buy the home. We're afraid that if the bank sees the amount we have in our account it will hurt our negotiating. What should we do?
Judy, Arizona


Answer: Although it is a great problem to have, I do understand what you mean. I would suggest making a contingency in the offer that you will provide proof of funds to close within 48 hours of the acceptance. This should satisfy the bank and help you successfully negotiate your cash offer on your Olathe home.  


RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty 

Comments are appreciated! Go ahead and add your 2 cents . . .
We have 3 easy steps to find you the perfect home . Click here to get started, today!

Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.

Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.