Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

5
Posts
1
Votes
Clay Turner
  • South Hill, VA
1
Votes |
5
Posts

End Buyers want Perc test

Clay Turner
  • South Hill, VA
Posted

Hello everyone.  I'm new here.  I have sold 4 properties by the buy, hold until buyer found then sell method.  Worked pretty good.  So I wanted to try the whole sale method.  I currently have a property under contract and am trying to find a buyer.  It's vacant land.  I'm selling for less than half of tax assessment in a pretty nice area.  If sold at my asking price I'll make around $5k profit.  My question is how do I handle the number one question.....Does it perk?  As a wholesaler, am I supposed to perk test it myself, or do I include a clause in my contract that allows the buyer to conduct soil test and the deal is contingent upon results.   My current contract with seller does not list soil testing so I guess I would need to have seller sign a new contract?  Any help is greatly appreciated.  Thanks!!

Loading replies...