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Updated over 10 years ago on . Most recent reply

User Stats

90
Posts
4
Votes
Steven Paul
  • Lithia, FL
4
Votes |
90
Posts

How do i close a deal???

Steven Paul
  • Lithia, FL
Posted

Hello, I am a new investor and I will be investing in land. So lets say i have a buyer who will sell me his property for $1000, What do i do next? I am lost here

Most Popular Reply

User Stats

35
Posts
16
Votes
Justin White
  • Champaign, IL
16
Votes |
35
Posts
Justin White
  • Champaign, IL
Replied

1. Get a contract signed

2. Bring it to the title company to open escrow 

3. Bring in Check for EMD with contract

4. Wait till title company has paperwork ready

5. Sign paperwork, deposit remaining funds

Your finished after that, assuming nothing goes funky in the process

Also, if your planning on buying/selling in the future it will pay off to have a good relationship with an Escrow Officer, they are a really good outlet for questions and getting this work done for you

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