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Updated about 4 years ago on . Most recent reply
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Final walkthrough before wholesale purchase?
I'm newer to flipping and have bought 2 properties off the MLS and one from a wholesaler. I'm about to close on my second purchase from a wholesaler - like in 2 days. As a Realtor, I am used to being able to do a final walkthrough before closing. The wholesaler said the seller will surrender the key at closing - so no final walkthrough. This is a light rehab and tight budget property for me. With the crazy storms this week, and super cold temps we are not used to (0 degrees), I just want to make sure I'm not walking into frozen and leaking pipes. Is it fair for me to walkthrough a wholesale deal before final purchase?
Most Popular Reply
Forget fair, what does the purchase agreement say about it? If it allows for a final walk-through and you want one, by all means let them both know that you intend to do it. If not and you want one... ask nicely and explain your reasons!