Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 11 years ago,

User Stats

479
Posts
165
Votes
Ryan R.
  • Real Estate Investor
  • Central, TX
165
Votes |
479
Posts

Sell Rehab Before Completion

Ryan R.
  • Real Estate Investor
  • Central, TX
Posted

A lady walked inside my rehab yesterday while I was installing some window casing. She was interested so I gave her the tour. She told me that, " you might have just sold this house". I've heard this throughout my career, being in Marketing & Sales, and didn't take it too seriously. She came back today with her realtor and made an offer.

She wants to structure the deal so that she gives me $100,000 on Friday and close that day. The remainder of the sales price will be in an escrow account until completion. My concern here, are problems creeping up that are not in our soon to be scope of work.

Should I instead ask for a non-refundable deposit, much less than $100,000 and then sign a contract that doesn't close until completion? What's the best way to structure this deal?

Loading replies...