Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 13 years ago on . Most recent reply

User Stats

2,498
Posts
280
Votes
Bienes Raices
  • Orlando, FL
280
Votes |
2,498
Posts

"Normal" wholesaling terms for buyers?

Bienes Raices
  • Orlando, FL
Posted

As a potential buyer, I've been dealing with a wholesaler in my area and I'm not sure if the conditions they've set for the buyer are typical.

If you don't mind sharing:

1) How much of a deposit do you ask for from the buyer?
2) Is the deposit refundable or non-refundable?
3) Is there any kind of inspection period for the buyer?

Thanks.

Most Popular Reply

User Stats

70
Posts
36
Votes
Kent R.
  • Investor
  • Orlando, FL
36
Votes |
70
Posts
Kent R.
  • Investor
  • Orlando, FL
Replied

I'm just getting involved in the market and don't agree with the typical terms, but in Orlando here is the standard:

1) $2,000 deposit
2) Non-refundable
3) No inspection period

So, as you can see, you really have to do your due diligence and know your stuff when dealing with wholesalers.

Loading replies...