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Updated over 8 years ago on . Most recent reply

User Stats

133
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12
Votes
Marquell Jones
  • Investor
  • Helena, AL
12
Votes |
133
Posts

My seller needs to see the house but is not under contract yet

Marquell Jones
  • Investor
  • Helena, AL
Posted

I'm doing an assignment deal and I have 1 potential buyer. The end buyer has not seen the property, well not in person.  So he doesn't have a great estimate on the place or anything. I don't either because I don't have a GC but the end buyer does. I'm more afraid that if it's not under contract before he sees it that he could just steal it. I'm lost!! Because I'm ready to do absolute numbers and get this deal done. 

Most Popular Reply

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4,609
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2,990
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David Dachtera
  • Rental Property Investor
  • Rockford, IL
2,990
Votes |
4,609
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David Dachtera
  • Rental Property Investor
  • Rockford, IL
Replied

@Marquell Jones,

Then get it under contract. Make sure you have enough escape clauses that you can back out with little or no loss.

Having it under contract is the only way to be well protected.

Also, you obviously cannot assign a contract you don't have yet.

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