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Updated almost 2 years ago on . Most recent reply

User Stats

41
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Loren Souers
  • Real Estate Broker
  • Portage, MI
7
Votes |
41
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Michigan Wholesaling Agreements

Loren Souers
  • Real Estate Broker
  • Portage, MI
Posted

Hi! I am new to Wholesaling and looking for the agreements to for me and the seller and me and the buyer. I am in Michigan.

Thanks in advance. 

  • Loren Souers
  • Most Popular Reply

    User Stats

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    Charles Kao
    • Specialist
    • Grand Rapids, MI
    610
    Votes |
    1,025
    Posts
    Charles Kao
    • Specialist
    • Grand Rapids, MI
    Replied

    @Loren Souers There

    are plenty in the bigger pockets fileplace. Personally for me I know lawyers will say one thing but if you have to enforce a contract in court everybody loses. I rarely have somebody back out but going to court has never been the best possible solution so I would not suggest a lawyer drawing up a contract. You want a contract that is easy for the seller to read and ideally will not involve a lawyer to read for them. Alot of times when the seller has had a lawyer review the contract the lawyer will say thats too cheap or hey list with my friend who is a realtor so I like to make it read very easy because you could lose the business. My sellers place trust with me to do exactly what I say a quick easy sale and I am putting my trust in them to follow through with their word after signing. If they really want to backout because they change their mind about selling I normally just let them because I don’t want to be the guy that took a seller to court. Just another opinion to throw out there.

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