What constitutes the most convincing evidence that a buyer is ready, willing, and able to purchase a property?

A bank pre-approval letter along with a substantial good faith deposit is the strongest indicator that a buyer is ready, willing, and able to purchase a property. The pre-approval letter demonstrates that the buyer has already undergone the financial vetting process by a lender, indicating their creditworthiness and financial capacity to secure a mortgage. This formal documentation assures sellers that the buyer is not only serious but has also taken significant steps towards obtaining financing.

Additionally, a substantial good faith deposit further solidifies the buyer's intent and commitment. It serves as a show of good faith to the seller that the buyer is genuinely interested and willing to engage in the transaction. The combination of these two elements provides concrete evidence of the buyer's readiness and ability to complete the purchase, making this option the most convincing compared to other choices that lack such definitive proof.