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Updated almost 4 years ago on . Most recent reply

User Stats

31
Posts
10
Votes
Jennifer T.
10
Votes |
31
Posts

Can you please break down the process of buying wholesale?

Jennifer T.
Posted

Hi all,

With the market being so competitive these days I've been searching off-market deals. I've bought the traditional route before where my agent pretty much took care of everything.

Now, what is the process exactly for buying from a wholesaler with cash, after an offer gets accepted? It's a site-unseen, sold as-is property. I know I need to get title insurance at some point, but what's the order of operation? What about escrow, I'm guessing there has to be some kind of reputable middleman to hold the money? What forms (if any) do I use? Anything I should be on the look out for? 

Thank you in advance!

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