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Wholesaling

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Tanner Trokey
  • Real Estate Investor
  • Saint Louis, MO
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Doesnt it make since to have an inspection before a contract is signed?

Tanner Trokey
  • Real Estate Investor
  • Saint Louis, MO
Posted Sep 7 2014, 10:59

I understand there are contingencies in a contract regarding the inspection period that give the buyer the option to opt out if there is something unexpected that comes up in the inspection. Also the contract gives you equitable interest to market to your network of cash buyers. To a seller it makes since to have an inspection before a contract is signed. Right? I understand the concept when wholesaling is to get a property under contract and assign it to an end buyer who actually purchases the property.

If I'm at the property and the numbers work I don't want to leave there without a contract. Otherwise someone else will come in a swoop it up. My question is how do you explain to a seller why you would have an inspection after the contract is signed? I'm trying to be ethical and honest but at the same time don't want to throw any red flags up with the seller in explaining my reasoning.

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