Don’t count your chickens before they hatch… I mean Houses

[Joe S.]

The old saying is don’t count your chickens before they hatch. About 3 weeks ago I got four contracts to purchase houses in about a five day time span. I know that’s small fry for some people, but that was the whole happy meal for me. Well so far due to title issues it appears that two of the deals are going to fall through on the seller side. I’m hoping one or two of the four will close. This goes to show that a contract is not the same as a purchase. Transactions fall out of escrow and that is something that an investor has to get used to.