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Updated about 6 years ago on . Most recent reply

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160
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Jason Arcuri
  • Real Estate Agent
  • Southbury, CT
98
Votes |
160
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wholesale advice connecticut

Jason Arcuri
  • Real Estate Agent
  • Southbury, CT
Posted

Hey guys, I'm buying a property through a wholesaler and it is their first deal and my first deal with a wholesaler.   They got a contract off a guru that says buyer to pay all closing costs minus back taxes, liens, etc.   
In Connecticut we are an attorney state and I'm wondering if this is typical even for our state.  I don't know why I'd pay for the sellers attorney when it comes to closings.  
Thanks for the help.

Most Popular Reply

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Filipe Pereira
  • Property Manager
  • Windsor Locks, CT
1,863
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1,731
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Filipe Pereira
  • Property Manager
  • Windsor Locks, CT
Replied
Originally posted by @Jason Arcuri:

I don't know why I'd pay for the sellers attorney when it comes to closings.  

Usually a wholesalers pitch is "fast and easy close", neither of which is synonymous with "pay your own attorney fees" ;)

I agree with a previous poster, it probably makes more sense to offer to pay their fees, and just reduce your price that much. 

I am not sure if there was a legal aspect of this that you were concerned about, but if so, reach out to @Edward Schenkel, he knows his stuff.

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