Sellers want to know that you as a buyer are financially capable of buying their property before they accept your offer.
The bank statements or proof of funds show the seller that you have the downpayment (for a loan) or purchase price (for all cash) and the buyer closing costs in the bank ready to go.
A bank statement is one of the parts you need to make a complete offer. A complete offer is: purchase agreement, bank statements, preapproval letter (if you are getting loan), cover letter (optional)
Submitting a complete offer demonstrates to the seller you have your ducks in a row and you are a bonafide real buyer. In a sellers market where multiple offer situations are common, an incomplete offer will not even be looked at. In slower buyers markets sometimes you can get away with writing an incomplete offer because the seller doesn’t have much going on, but in general you will have much more success getting the properties you want writing complete offers. Leave the seller with no doubts, and all they have to do is sign the contract.
Bank statements/Proof of funds can be a monthly bank statement from your checking or savings account, mutual fund or stock brokerage account, IRA etc. You will want the statements to be recent, preferably within the last 30 days but 60-90 days is ok. You can usually download or priut a bank statement online from your online account or you can go into your local banking branch and speak with a teller, they will print out a copy of your bank statement for you. You can also take a “screen shot” if are viewing the bank statement on your computer.
Make sure that the bank statement has:
-The Statement Date
-Enough funds to close
-Account Number/ any other senstative information blacked out