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Wholesaling
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Updated about 10 years ago on . Most recent reply

User Stats

16
Posts
2
Votes
Jasen Bankson
  • Investor
  • Seneca, SC
2
Votes |
16
Posts

Question about wholesaling a property that is listed

Jasen Bankson
  • Investor
  • Seneca, SC
Posted

I have a lead on a property that I may be able to buy in the price range I need to, but it is currently listed for sale with a realtor.  Because of this, what would the closing process look like for this property if I was assigning the contract?  Would it be any different than doing an off-market deal?  Would I need to do a double closing in this scenario, or would it still be assignable just like any other deal?  Likewise, I assume that if I can assign or do a double close just like a normal off-market deal, then the flow of the money should be the same too, correct?  Anything else to keep in mind for this type of deal (other than the obvious it will be tough to agree on price because of the realtor fees involved)?

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