Should a Wholesaler be at Closings?

Question

Should a wholesaler be at their closings? I've heard different opinions, what do you think?

David Tankersley · Answer

IMHO, it's neither a good or bad thing. If all the paperwork is in order there is no need for your presence unless you need a check then and there. I work virtually and have never been to a closing.

Ryan Spinola · Answer

@Elliot Smith Yea i agree with you on that, i hope i didn't come across wrong way.

Elliot Smith · Answer

You didn't my man! With all the new people on here I understand where your coming from.

Elliot Smith · Answer

I have actually done quite a few closings and have been with sellers when they sign the docs on multiple occasions. My point was that if the seller had 8 more houses to sell then they probably have gone through the closing process before. I do agree with you if someone has never bought a house then they would be wise to know how the process works and review all HUD docs so they know what they are looking at.

Ryan Spinola · Answer

@Elliot Smith TBH its about showing you care. Have u done a closing process before? if u havent, then u might as well go thru it atleast once, from a to z because say a problem comes up, then u will know how to fix it and save the deal. I just feel like everyone should do it a few times or if u have a seller u like, your showing u actually care about them. Remember, its not a deal, its a person. If u go a long way for a person, its amazing what will happen.

Elliot Smith · Answer

Ryan do you think if they own 8 more properties that they need someone to "walk them through the docs"? Just wondering. I am only with the sellers when my escrow agent goes to their house to sign. This way they have someone they know when signing.

Kyle Doney · Answer

@Ryan Spinola I agree. Someone told me I should be at my closings for a wholesale and I didn't really feel the need to. I knew I wouldn't be doing any business with this seller again and I already understand the closing process.

Ryan Spinola · Answer

@Kyle Doney Maybe at first or 2nd deal so you know the deal gets closed. i mean its up 2 you. Say your with a seller and you found out they have 8 more houses to sell. Well if ur with them at the closing and walk them through, don't you think they will ask you to buy the others? probably yes. So it all depends, you don't have 2 but you can. Its up to you again.

Jacquelyn Sarpong · Answer

Hey I'm learning to virtual wholesale.  May i keep you as a contact?

Should a Wholesaler be at Closings?

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