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Updated about 8 years ago on . Most recent reply

User Stats

203
Posts
64
Votes
Pavlos Kasselouris
  • Project Engineer
  • Miami Beach, FL
64
Votes |
203
Posts

Working with large wholesalers

Pavlos Kasselouris
  • Project Engineer
  • Miami Beach, FL
Posted

I was looking at a deal of a wholesaler, and after negotiating the price, I wanted to send them an written offer. In their AS_IS contract for sale, they were listed as the seller, and they listed them self's as the escrow agents for the deposits. In addition I had to pay the title expenses, but they wanted to use their title company. 

I'm used of transactions with state approved contracts, since I'm a real estate agent, and all these processes make me feel uncomfortable. This is a double closing deal but again it doesnt make any sense the way they have structured and use the contract. 

Whats your opinion? 

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