proof of financing
We have potential buyers (hooray). Last week they presented us with a contingency offer (need to sell their house first) which we rejected. Now they have come back and presented an offer with no selling contingency BUT they want to close 6/30 and we pay $7k in closing costs. Their agent says that they are approved to carry both mortgages if they don't sell their house during the closing period and that they will put 10% down on our house. We will counter with a much shorter closing period but their financing finangling makes me nervous.
My question is, is there an iron clad document that we can ask for that will prove to us that these people are capable of pulling off the deal?