Proof of funds
|Property Type||Terraced House|
Larmer Property are delighted to bring to the market this charming 2 bedroom mid terrace residence located at No. 2 Village Court, Scotstown, Co. Monaghan. This superb mid-terrace residence is nicely nestled behind the main street in Scotstown, appealing to those wanting a quiet private setting within a central village location. There is an abundance of amenities on your doorstep from the Shop, hairdressers, beauticians and pharmacy to name a few. This super property is immaculate and ready to go having recently been painted and freshly carpeted throughout. The property layout is as follows, at ground floor entrance hallway, hot-press / store, Bedroom 1 (en-suite), bedroom 2 and family bathroom, and then on the first floor is an open plan sitting room / kitchen / dining room, taking full advantage of all that natural light coming through the windows and Juliette balcony. This is a great opportunity for a young couple looking to purchase their first home, or a person looking to downsize to a manageable property. Alternatively this would make a great investment property, with a central location that will always be favourable to rent. Viewing Highly Recommended.
Entrance Hall - 4.65m x 2.65m Lovely bright L shaped entrance hallway with direct access to the bedrooms, bathroom and hot-press / storage area, all located at ground floor level. UPVC double glazed front door with glass panel window, and freshly laid quality carpeted flooring Kitchen/Dining/Living - Located at first floor level, is this stunning bright open plan kitchen / living / dining room. The kitchen / dining room is finished with floor and wall mounted kitchen units, and included in the sale is Hot-point electric Oven, and Whirlpool Hob, the sale also includes the integrated fridge freezer, Whirlpool washing machine and dishwasher. Around the kitchen dining room area is tiled with partly tiled walls. Overhead in the double height kitchen is 2 large Velux windows flooding this area with light and warmth. The cosy living room is finished with newly fitted carpeted flooring, double glass doors to the Juliette balcony and a television point for your convenience. Bedroom 1 - 3.4m x 2.75m Lovely double bedroom at ground floor level, with television point and newly fitted carpeted flooring. This bedroom is en-suite. En-Suite - - 2.7m x 0.9m Superbly fitted out en-suite with a white w.c. and wash hand basin, fully tiled flooring and part tiled walls and a super power shower from the mains. Bedroom 2 - 4.1m x 2.9m Another double bedroom and again with television point and newly carpeted flooring. Bathroom - 3.3m x 2.65m L shaped bathroom with white fitted bathroom suite, and separate shower cubicle housing the Triton t80z electric shower Shaver light and mirror completes the bathroom. Hot-press - Water tank and shelved for storage.
Block built with dash exterior UPVC double glazed windows Oil fired central heating All mains services Immaculate decorative order throughout Furniture negotiable Juliette balcony on first floor No garden maintenance Private parking on-site Super starter home or investment property
Take the Ballinode / Scotstown road out of Monaghan (R186), turn left for Ballinode and drive straight through the village and onto Scotstown. This house is located on your right hand side, directly opposite the pharmacy. See Larmer Sign. Or Follow Eircode: H18 Y239
Strictly by appointment with Larmer Property.
Proof of funds
Before we can take and offer on a property, we need to have had sight of proof of funds. This is simply, as the term suggests, proof that the buyer has the financial means to complete the transaction at the amount of his/her offer. There are a number of means by which someone can finance the purchase of a transaction and equally a number of methods by which proof of funds can be conveyed to an agent. Examples of Proof of Funds: Cash + Mortgage Approval from a Financial Institution (mortgage buyers): This is the most common proof of funds for those financing a transaction partly with cash and partly with a mortgage. To prove a cash balance, a bank statement or screenshot of same will be acceptable. Alternatively an email from a bank official confirming that a sufficient bank balance is in place is acceptable. To prove that a mortgage is in place, we require a letter of offer or approval in principle from the lending institution. The combined amount of the cash and mortgage approval will need to be at least the amount of your offer on the property. Cash in Bank (cash buyers) We require a bank statement(s) in your name with cash balance(s) equal to or in excess of your offer amount. Alternatively a letter from your bank or solicitor confirming a cash balance of at least your offer amount is also acceptable. Selling an Existing Property Very often, a buyer will be financing the purchase of a property through the sale of an existing property. From a vendor’s point of view, it is a little bit risky to accept an offer that is subject to the sale of another property - this is referred to as being in a chain and if for any reason the sale of that property falls through, the offer then no longer holds any water. If trying to use the sale of an existing property as proof of funds, an email from the selling estate agent as to the offers currently on that property will give some comfort to a vendor and is probably the best thing to do in this situation.
Date created: May 30, 2023