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Updated almost 4 years ago,
First Time Buyer of a Wholesaler Property
Hello,
I am an experienced investor who has acquired off-market properties, but now I have an opportunity to buy from a wholesaler. They have asked me to submit a standard offer contract, which I just sent to them, but I am not clear on who actually signs it as a binding contract. I would think that the owner would sign it in order to be binding, but that would cut out the wholesaler. Also, there is obviously an existing contract between the seller and the wholesaler, which I understand that the wholesaler would assign to me, but I don't know what instrument I would use to establish my purchase price, closing date, earnest money, etc.
What am I missing here? Any advice is appreciated!