Wholesaling
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago,
Questions to ask sellers before getting under contract
Hello! I am new to wholesaling and I am looking to start advertising to find motivated sellers soon but before I do that I m confused about what information you need from the seller to determine if it’s a viable option to wholesale. So far I understand that you should know why they are looking to sell, how fast they want to sell, how much they want to sell for, and if they have any mortgage/liens/back taxes on the property. Is there anything else that should be asked before offering them anything?
Also if they inform you that there is a mortgage/lien/ back taxes on the house could it still be wholesaled if they accept the offer and agree to pay off the amounts owed?
Thanks in advance for taking the time to read and answer!!