Seller asking for proof of funds?

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February 28, 2024

by a searcher in Delaware, EE. UU.


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Reply by a searcher
in Delaware, EE. UU.
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Reply by an intermediary
from Clemson University in Raleigh, NC, USA
I require that every buyer provide proof of funds concurrent with an LOI/IOI. If the answer isn't bank statements, investment accounts, letters of credit, home equity, or some other near-liquid source, in all likelihood, we aren't engaging. Buyers who expect the seller to be substantially their bank don't get attention from sellers of quality businesses.
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