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Updated over 10 years ago,

User Stats

40
Posts
7
Votes
Haider Zaman
  • Involved In Real Estate
  • Richmond, VA
7
Votes |
40
Posts

Wholesale Contracts.. protecting myself

Haider Zaman
  • Involved In Real Estate
  • Richmond, VA
Posted

Hey everyone,

I had a question (which will show just exactly how green I am to all this) regarding contracts.  If i have a property in contract and I begin looking for buyers.. what happens if I am unable to find one?  Does the wholesaler risk having to purchase the property him/herself?

Or are there certain clauses within a standard contract that says the property would revert back to the seller after "x" amount of time?

Any guidance on this would be much appreciated.  Thank you!

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