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Updated over 1 year ago on . Most recent reply
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Beginner wholesaling questions
Hey, I had a few questions:
1. Is EMD required for the contract to the homeowner? Can I delete that from the agreement if I wanted to?
2. I called a title company to ask if they assign contracts and they asked who’s representing the buyer. I didn’t know how to answer this so I said "I was not sure I will find out". How should I have answered?
3. At what point do we ask the homeowner for pictures of the property? before locking up the contract or after?
Thanks
Most Popular Reply
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I’m not sure about your state, the minimum here is $10 earnest and option money. No one is representing the buyer. You ideally want to know the condition of the property before locking it up.