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Updated over 9 years ago,

User Stats

22
Posts
3
Votes
William Klawitter
  • Investor
  • San Bernardino, CA
3
Votes |
22
Posts

Quickest way to get escrow instructions out to seller on a wholesale deal

William Klawitter
  • Investor
  • San Bernardino, CA
Posted

I've been wholesaling for a bit now, and my current process is:

1. Get purchase contract signed by seller

2. Find new buyer, assign contract & get their EMD in escrow

3. Escrow instructions then go out to the seller with the new buyer's name

I've noticed that the lag time caused by item 2 (usually a week or more) causes some sellers to get antsy (I suspect I lost a decent sized deal recently because of this).

Basically, I'm looking for a quicker way to get escrow instructions signed by the seller (i.e. right after I get the purchase contract back signed); I feel like this will make everything "official" in the seller's mind & put them at ease. Is this possible, considering I'm not actually going to be the end buyer? I'd be sending out instructions before I actually have a buyer- so who would show as the buyer on the instructions?

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