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Updated over 7 years ago,

User Stats

29
Posts
44
Votes
Doug Price
  • Roanoke, VA
44
Votes |
29
Posts

Order of Typical Wholesale Transaction

Doug Price
  • Roanoke, VA
Posted

To this point I have followed this typical pattern of getting my deals closed once I have a seller:

1. Make a verbal offer.

2. Evaluate the home.

3. Write the contract.

4. Renegotiate the price if needed based on potential assignee inspection findings.

... to assignment/closing we go.

But I have started to think that the better method may be to: 

1. Email or mail a contract as the offer.

2. Evaluate/inspect the property after having the contract. 

3. If needed, renegotiate terms/price based on inspection findings that the potential assignee provides.

... to assignment/closing we will go.

What say you biggerpockets world? Is there a prefered order in wholesaling?

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