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Wholesaling
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Updated almost 10 years ago on . Most recent reply

User Stats

193
Posts
88
Votes
Kim Handelman
  • Real Estate Agent
  • Guilford, CT
88
Votes |
193
Posts

Wholesale contract. What do I need to cover my butt.

Kim Handelman
  • Real Estate Agent
  • Guilford, CT
Posted
Hi all, One of my leads just accepted my offer and I need a purchase and sale agreement. My Lawyer is going to draft one for me and has asked what points I want to include. The following are things I think I need but would sure like some input if I'm missing anything: Subject to funding partner approval (my out clause) Clear title inspection prior to closing of property by buyer or buyers agent Access to property prior to closing to assess repairs and obtain professional advice on resale. Ability to assign contract (I've been told if you don't put anything in the contract about NOT assigning then assignment is allowed) Am I missing anything? Thanks so much!
  • Kim Handelman
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