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Updated over 6 years ago on . Most recent reply
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When Wholesaling, do I sign escrow papers or does the end buyer?
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
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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.