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Updated over 6 years ago on . Most recent reply

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Daniel Cone
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When Wholesaling, do I sign escrow papers or does the end buyer?

Daniel Cone
Posted

Hey my name is Dan and I am getting going wholesaling.  Learning and taking action.  My question is, once I have a home under contract, I then take the contract and emd to title company, they prepare everything, THEN do I sign the buyer escrow instructions/papers, or do I leave it for my end buyer once one of them decides to take it? 

Thank you in advance,

Dan

San Luis Obispo Region, Ca

Most Popular Reply

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Kyle J.
  • Rental Property Investor
  • Northern, CA
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Kyle J.
  • Rental Property Investor
  • Northern, CA
Replied

When you have a home under contract with a seller and take the purchase agreement to the title company, you're considered the buyer at that point. 

If you later assign your rights to purchase the property to another buyer ("end buyer"), and deliver the executed assignment agreement to the title company, then at that point the end buyer steps in as the buyer and will start signing paperwork.

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