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Updated over 8 years ago on . Most recent reply

Wade Stahle's profile image
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Wade Stahle
  • from Palmer, Alaska
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Wade Stahle
  • from Palmer, Alaska
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Wade Stahle
  • Palmer, AK
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Wholesaling

Wholesaling... 2 P&S Agreements?

Wade Stahle
  • Palmer, AK
Posted

Hi BP,

When one is doing a wholesale deal is all that is needed contractually 2 P&S agreements? One from seller and one from buyer, then double close at the title company?

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  • from Deer Park, New York
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Brian Cam
  • Investor
  • Deer Park, NY
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Basically.  You may want to speak to a title agent or attorney to be sure there are no weird laws to be careful with in your state.

Also, you may want to avoid a double closing, and opt for a "assignment Agreement" instead, this will save you money on closing costs.

Feel free to reach out with questions!

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