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Updated about 10 years ago on . Most recent reply

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Russell Volk
  • Southampton, PA
1
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14
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How to buy a house from a wholesaler?

Russell Volk
  • Southampton, PA
Posted

Hello everyone,

I'm new to all this, so I apologize if my question(s) sound silly, but if I find a house from a wholesaler, what are the steps to close it?  Like Denzel Washington said in movie "Philadelphia", "explain to me like I'm a 3 year old".

Please outline the steps it takes to go from A to Z.

Thanks in advance

Most Popular Reply

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22,059
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
14,128
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22,059
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

Generally its no different than buying from any other seller.  You get a contract.  It goes to the title company.  The title company lets you know how much cash to bring to closing.  They close, you get the keys, done.

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