Proof of Funds
Documentation showing a buyer has the cash to close — a bank statement or lender letter sellers and agents often require before accepting an offer.
Proof of funds is the evidence that a buyer can actually pay: a recent bank statement, a letter from a lender, or a verification from a transactional funding source. Listing agents and sellers ask for it to filter serious cash offers from tire-kickers before they take a property off the market.
For wholesalers, proof of funds is part of presenting credibly even though an end-buyer ultimately closes. Lining up a verifiable source ahead of time — rather than scrambling after an offer is accepted — keeps deals from dying at the moment a seller asks to see the money.
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