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Updated almost 10 years ago on . Most recent reply

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11
Posts
1
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Eric Lawson
  • Fresno, California
1
Votes |
11
Posts

Wholesale Purchase Agreement Obligations

Eric Lawson
  • Fresno, California
Posted

I am trying to get my foot into wholesaling real estate and I have a question about the obligations you incur as the buyer in a  purchase agreement. My intent would be to immediately turn around and assign that contract to a cash buyer, but if for whatever reason I can't find an interested assignee am I still obligated to purchase the estate? I haven't heard anybody talk about this scenario. What are my exact obligations as the buyer in a purchase agreement for an estate? Any clarification on this matter would be greatly appreciated. 

Most Popular Reply

User Stats

11
Posts
1
Votes
Eric Lawson
  • Fresno, California
1
Votes |
11
Posts
Eric Lawson
  • Fresno, California
Replied

@Griffin Fehrs Thank you for the quick response. That answers my question.

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