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Updated about 7 years ago on . Most recent reply

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Charles Kennedy
  • Rental Property Investor
  • Philadelphia, PA
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Off Market Deal Steps

Charles Kennedy
  • Rental Property Investor
  • Philadelphia, PA
Posted

BP,

I've sent out some direct mailers and hope to find a duplex to purchase to househack, but have a question. Once I find someone who is willing to sell, and we agree on a price, what should my next steps be? Should I print out a purchase and sale agreement and have us both sign it, then go to a real estate closing attorney to set up escrow and also complete other things I will need to do? Since I don't have an agent, I'm not 100% sure on the steps to take from here.

Thanks,

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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Replied

If you mean a purchase-and-sale contract get a copy of your state realtors association purchase and sale contract. Make sure you provide for  an  inspection. Whereby if it does not meet your needs then you can back out of the contract and not lose your earnest money.

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