How do I know if I have a serous buyer?

4 Replies

Are there any contacts between the seller and the title company in a cash deal? I'm the seller here and the buyer changed the close date. I have no contacts with the title company. Not that I know there would be interaction. I'm attempting to determine if they (the buyer) are serous or not. What clues would I be looking for? I've been dealing with the buyer (investor) and there are no realtors involved. How do I protect myself? Thank you.

What do you mean “you have no contact with the title co”?  They have to send you closing statements, etc.  A buyer can’t extend the contractual closing without your permission/ can agree or not. Just talk to the title company, see if the delay was their request/need.

Did you verify the buyer actually has the cash to close?  Do you know that you’re not dealing with just a wholesaler?

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