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Updated about 5 years ago on . Most recent reply

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14
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3
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KATHY H.
  • Investor
  • Metro Detroit
3
Votes |
14
Posts

Buying from wholesaler/fsbo. How does it work?

KATHY H.
  • Investor
  • Metro Detroit
Posted

I have recently came across two deals, one from the wholesaler and one from fsbo. Both of them don’t have agents involved. I have inspectors came out to do a general walk through of the properties and am ready to make an offer. How does it work? Should I email them about my offer, and if they would like to proceed, I will then submit a formal offer (which I think I could obtain from the title company)? How about title? Do I need to run a title search before making an offer? I think the seller will provide title insurance but I am not sure if I need to do my own title search as well. Any insights would be greatly appreciated!

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