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Investors can make money with wholesale real estate contracts by acting as intermediaries between property sellers and buyers. The wholesaler identifies a property, negotiates a purchase price ...
So, if I have a contract on a house for $100,000 and have a buyer for $105,000, I can draft a contract assignment that spells out who the new buyer is and that there is an assignment fee of $5,000.
It’s a good idea to educate yourself on the not-so-obvious parts of a real estate contract, specifically the contingency clauses related to financing, closing costs, and more.
Most of these contracts are so one-sided and onerous, says the Consumer Federation of America, that buyers might be better off hiring a real estate attorney and working directly with the listing ...
Real Estate Purchase Contract: Decoding Home-Buying Paperwork Audited & Verified: Aug 28, 2020, 11:01am Written By Bob Musinski ...
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