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Updated over 6 years ago on . Most recent reply

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27
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6
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Khenan Newton
  • Glenside, PA
6
Votes |
27
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Exit Strategies While in Contract

Khenan Newton
  • Glenside, PA
Posted

Do any of you guys know any good resources for learning about exit strategies? I just need a simple explanation and some examples of exit strategies so I can get an idea of what investors are talking about when they say "You GOOOTTA have your exit strategies."

Most Popular Reply

User Stats

351
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273
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Matt Shields
  • Broker
  • Phoenix, AZ
273
Votes |
351
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Matt Shields
  • Broker
  • Phoenix, AZ
Replied

I'll cover the contract exists, and leave the investment exits typing to someone else. 

There are as many contract contingencies (exits) as you can dream up.  You could make a contract contingent on the Steelers winning the Superbowl, but I wouldn't count on it. Some often used contingency clauses: The buyer's financing falls through. The buyer must sell another property first. The property must appraise. Failure to assign the contract. A buyer can also cancel during the inspection period.

As always, seek professional advice. Good luck.

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