Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago on . Most recent reply
Whats the percentage of closings after contract?
Im really interested in buying a property, single family 3 bed 2 bath foreclosere. I just found out that the house its under contract so i know about contingencies but from your experience whats the chance of the contract falling apart and me putting it under contract?
Most Popular Reply
Wayne Brooks
#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
- 13,508
- Votes |
- 23,418
- Posts
Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
Absolutely no way to tell. But percentage wise, maybe 20-30%? Assuming it's not some wholesaler yahoo, of course. You can always put in a back up offer, and as it's an REO they'd be more likely to go straight to the back up if the first one falls apart. Are you paying cash, or do you have a solid preapprova?