Selling before you renovate

[Account Closed]

I just closed on a property and have a potential buyer for the house. The buyer may be open to purchasing the house now (pre-renovation). If this is the case, how should I proceed with the transaction? I assume I would sell the house to the buyer (all cash buyer) at ARV. I would draft a work of scope outlining all of the work that would be done on the property. How involved should I let the buyer get when deciding what types of finishes are used, etc. and how often should I allow the buyer visit the premises? I know legally I don't have the ability to ban the buyer from coming to the premises since she will own the property. I am afraid of the buyer coming to the property everyday, requesting all kinds of changes, and frankly just being annoying. What's the best way to minimize this?

Are there any legal issues I can potentially run into with this scenario that I may be over looking? I would assume the best option is to have the work of scope drafted by an attorney? 

Any other thoughts on this type of transaction?

[Guy Raveh]

Ok I just re-read your post. Sounds like you were going to sell to buyer now but still do the rehab yourself. I wouldn't do that!!! Sell it now and let the new buyer do the rehab and take over. Too many obstacles if you sell it and still do the rehab yourself.