Using Cash to Purchase Off Market Properties Without an Agent

[Brandon Chandler]

I'm looking to purchase an off market property from a wholesaler using all cash and I won't be using an agent. 

Pardon my ignorance, but am I correct in assuming the logical thing to do is walk the property with a contractor before making an offer.

Then, after I do this due diligence and I decide the property will work for me, what is my next step? Do I contact a Real Estate Attorney to get the proper documents in order? or Does the wholesaler handle this process?  

Thanks in advance!

[Steve K.]

@Brandon Chandler the saying goes, "If you have to ask, you need an agent." If you know your contracts cold, can estimate repairs and determine fair market value on your own plus have a great title company/inspector/ team that you trust, the process isn't rocket science. If you're doing this for the first time, be careful. Definitely don't trust anything a wholesaler or seller says, especially related to fair market value, property condition, rehab estimate, ARV, history of the property, tenant quality, rents, etc. and don't let any money go hard prior to your contingencies for title work, estoppels, inspection, due diligence, disclosures, insurance, appraisal, etc., Also don't use their title company if you can avoid it. If you're not familiar with the contracts involved you might benefit from having an attorney that specializes in real estate (or a good agent which will probably be cheaper) review everything. Be careful for wire fraud: wholesale deals are being targeted by scammers (see recent thread on here where the title company that the wholesaler recommended stole the buyers $10k earnest money and disappeared).