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Updated over 9 years ago,
Vacant land deal - Buyer requesting $3k survey, what should I do?
I'm working on a vacant land wholesale deal and one of my potential buyers wants a $3,000 boundary survey done. He claims to be very interested, but I hesitate to drop the money on a survey because it doesn't necessarily guarantee the sale. There's a potential $19,000 profit in it so it's not like I won't make anything, but I'm not sure it's worth losing $3,000 to maybe sell it now versus 1-3 months from now. Anyone have any ideas about how to structure the deal so that he gets his survey and I don't lose $3,000 if he decides not to buy?
@Seth Williams, @Mark Podolsky How have you guys handled the survey issue with your land deals in the past?
Thanks.