When buying a home with cash, the seller will expect to see a document called Proof of Funds—confirming you have the money available to complete the purchase. Ideally, we’ll include this with your offer, so it’s best to have it ready ahead of time.
When buyers get a loan, their agent includes a pre-approval letter with the offer. That letter proves the lender is likely to fund the purchase. For cash buyers, the equivalent is Proof of Funds, which is usually a recent bank or investment statement showing you have enough liquid funds to cover the purchase price (or more).
Why does the seller care? Because they don’t know you. If they accept your offer, the seller is effectively taking their house off the market; they want to be sure you have the money to pay for their home. Proof of Funds gives them confidence that you’re serious and capable, which can make a big difference, especially if there are multiple offers.
And don’t worry—this doesn’t mean handing over your full account details. You can redact account numbers. The only thing that matters is that your name is on the account and there is at least enough money to pay for the property.