Cash Sale & Pricing
What Is Proof of Funds (POF)?
Proof of funds is documentation — typically a bank statement or a letter from a financial institution — showing that a cash buyer actually has the money available to complete the purchase.
Proof of funds is how you verify that a cash buyer can actually do what they say. A legitimate buyer provides it without hesitation when asked.
It usually takes the form of a recent bank statement, a money market account statement, or a signed letter from a bank or financial institution confirming available funds.
If someone presents themselves as a cash buyer but dodges, delays, or refuses a reasonable request for proof of funds, treat that as a serious red flag — it often means they intend to assign your contract to a third party rather than buy the house themselves.
Have a property you need to sell?
Diamond Home Buyers makes fair cash offers across Michigan, Tennessee & Florida — any condition, any situation. Close in as little as 7 days.