The sale money just landed in our account. Will that complicate buying a house?
Answered by Chris Deutsch, Founder & Editor
Licensed Minnesota Realtor #20382264 ·
The short answer
No — it adds paperwork, and the paperwork is manageable when you see it coming. Lenders have to source large recent deposits. A business sale documents cleanly: the purchase agreement and closing statement explain the money in one stroke. Tell your loan officer the story up front instead of letting underwriting discover it.
On stage The 60-second answer
Captions on · Transcript below
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The transcript posts with the video.
The longer answer
If you're paying cash, it's simpler still — proof of funds is a bank letter or statement, and nobody needs your life story. One real caution either way: don't shuffle money between accounts while you're shopping. Every transfer creates another statement to explain, and a clean trail is worth more than a tidy dashboard. (Your CPA may have opinions about what the money does before it buys a house. I'm not one — that call is worth making first.)
Bring me the green light and I'll handle the house side.
The next department over
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From the editor's desk
“As Founder and Editor, I review, correct, and stand behind every answer.”
Is your situation more specific than the market? That's the one worth talking through.