Wholesaling Purchase and Sale Agreement

[Timothy Douglas]

I'm getting ready to start my wholesaling business and I need a solid contract that protects my interests, the sellers' interests, and the buyer's interest while holding us all accountable at the same time. I am going to meet with a closing attorney on Friday, and I want to know what contingencies people generally have in a wholesale purchase and sale agreement. I know I should have the one about backing out in two weeks if I cannot secure funding. I should have one that clearly states what I'm going to do, even though I will be double closing. Is there any contingency that I am missing or that will stop the buyer from backing out in the 20 minute transaction time where I actually own the property? I will be double closing and the dead period is the only time I could be finessed.