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Armand Farr
  • Investor/Agent
  • San Francisco, CA
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Ordering a home inspection and closing process in wholesaling

Armand Farr
  • Investor/Agent
  • San Francisco, CA
Posted Aug 2 2016, 18:18

Hey guys,

I'm gearing up for my first wholesale and I've been trying to understand the home inspection/closing process. A few questions:

1. Would the buyer order the home inspection to ensure that there are no major structural defects in the property (ie: plumbing)?

2. Further - if the buyer backs out after I've initiated the double-close, how would this affect me? Would I get the contract back or would the entire deal not go through?

3. When doing an assignment or double-close, do I take the deal to the title and escrow company or is that the buyer's job?

Thanks BP!

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