http://www.REIClub.com - What Happens During Real Estate Closings? Here Are A Few Tips On Closing Real Estate As a Wholesaler...
The first thing you have to do is find is a title company:
Title company, closing agent/attorney
Types of Closings
- Simultaneous
- Transactional
Location
- prefer using your closing agent for all closings
Closing Costs - negotiable
- although two closings
- should not have to pay two full sets of fees
Seller Closing
Buyer Closing
Getting Paid
Real Estate closings are generally pretty straight forward for Real Estate Investors. Your main objective as a wholesaler is to make sure that the A and C side of the transaction go smoothly, and that all parties are happy; more your buyer than the seller. This may require your title company to creatively structure the paperwork, to you, creatively negotiating the deal. Just remember, never throw away a deal for a few dollars, eat the cost, make your money and get out.