New Construction Wholesale Exit Strategy

[Megan Lewis]

I'm negotiating a new construction deal that I plan to wholesale. The property hasn't even broken ground yet. Any recommendations for contingencies to include in the contract? The typical inspection and appraisal strategies don't quite apply in the same way they would for a home that is already built. 

My only idea so far is to get a new construction appraisal based on the bill of materials for the building plan.

[Bryant Brislin]

In addition to being a wholesaler, I'm a land broker and specialize in selling land to builders.  Unless the seller is asking for it, there is no need to be specific on contingencies. You would just ask for a contingency period (aka option/feasibility/due diligence period) that is a timeframe that gives you enough time to find a buyer and hopefully there is enough time left over for the buyer to check what due diligence the seller has in regards to any construction docs (aka architecture), engineering, soils, etc.  Land deals like this do technically have a lot more moving parts, so I personally don't like to wholesale land, but it depends on so many factors.