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Updated about 2 years ago,

User Stats

68
Posts
14
Votes
Amna Malik
Pro Member
  • Investor
  • Chicago, IL
14
Votes |
68
Posts

Due Diligence period on NC Contract and Non refundable EMD

Amna Malik
Pro Member
  • Investor
  • Chicago, IL
Posted

I needed clarification in a real estate purchase and sale agreement on a wholesale Offer to purchase agreement. 1) The correct way to explain to the seller whether this is negotiable or not 2) if negotiable who negotiates it ( buyers agent /seller agent in case the best use case is wholesale ( realtor to represent the wholesaler) What is the true logic behind the non-refundable due diligence, in wholesale transactions if the wholesaler is not taking title to the property how is it reflected in the contract, does it get subtracted from the purchase price or not?

  • Amna Malik
  • Loading replies...