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Updated over 10 years ago on . Most recent reply

User Stats

55
Posts
7
Votes
Sakeena Andrade
  • Houston, TX
7
Votes |
55
Posts

How to close a deal with out of town seller

Sakeena Andrade
  • Houston, TX
Posted

HELP! A seller and I have come to an agreement for the purchase of their home, but they live out of town. I have not physically been on the inside of the home. I’ve only viewed pictures. They would like the inspection and closing to be completed within 2-3 days when they are in town. How do I handle this because I’m looking to wholesale this property and will need more time? Do I send them a contract? And where do I get proof of funds?

Sigh...any tips will help

Most Popular Reply

User Stats

252
Posts
86
Votes
JPaul Mills
  • Wholesaler
  • Navarre, FL
86
Votes |
252
Posts
JPaul Mills
  • Wholesaler
  • Navarre, FL
Replied

If you're wholesaling this property you don't need any POF unless you intend to buy them flip to a rehabber, in which that is called "wholetailing". If they want the deal closed in 3 days Then sorry for them. They can sign the contract and the can close out of town not a problem. The title company you use with overnight hem the paperwork and have a notary watch them sign. You will be ok.

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