Why are Proof of Funds (POF) important in real estate? Call (646) 680-9118 or Click here to contact and speak with us now about how you can buy a home using this program today: https://calendly.com/jamesrruff Share this video: https://www.youtube.com/watch?v=VDawGLBoBsc The importance of having proof of funds in a real estate transaction readily available before looking for a home cannot be understated. Many home buyers lose the property of their dreams simply because they aren't properly prepared in advance, so that they are ready to do a transaction when the time comes, and they make an offer to buy a home. Knowing what financial information you should compile, why, and when to do this is one of the most fundamental keys to successfully completing a real estate transaction. This video touches on the high level concept of proof of funds, aka POF, and why this is a critical step in any real estate transaction, especially when in a seller's market or when bidding for a highly competitive and desirable property. Real estate is a financial transaction that is generally more complicated than most people expect or are prepared for. We discuss the importance of having your cash ready and easily available to evidence your ability to close on a transaction, which is a key to instilling confidence in a seller, which will ultimately motivate them to transact with you. In addition, we touch on how to buy a home using lending, and several different types of mortgage lending pre-qualification and pre-approval key concepts to help you better prepare for your home purchase. If you have more questions regarding getting qualified for a home purchase transaction, or would like information on the process and how to get prepared for your intended purchase please feel free to contact us below and we will do our best to assist you get prepared so that you can win the home of your dreams and set yourself on the path of financial health and wellbeing. James Ruff Connect with us! (917) 909-8063 https://Thejamesruffgroup.com The James Ruff Group LLC is a licensed real estate broker. #learnrealestate #proofoffunds #homebuying