Help With WholeSale Deal

[Timothy Weatherly]

Hey Guys I'm a new real estate investor/ beginner I'm in the Maryland Area, I have a Wholesale Deal under Contract for a property located in Homewood, Alabama 35209. What's the process and how should I proceed ?

[Jeff Copeland]

You really should have figured this out before you put some poor unsuspecting seller's property under contract.

Do you have a list of buyers looking for properties in Homewood Alabama? (If not, why on earth would you be entering into contracts there?)

That being said, your next steps are either:

1. Find an end buyer and assign the contract to them, 

2. Honor the terms of the contract you signed and close on the property as agreed, 

3. Cancel the deal and lose your deposit, per the terms of the contract (of course you may have a contingency period during which you don't lose your EMD).