Question on the wholesaling process
I am just learning about wholesaling and I wanted to make sure that I understood the framework of the process. From my understanding, the various phases of a wholesale deal include the following:
- A call is received from home owner as a result of marketing efforts
- Provide a range that we (wholesaler) would be willing to offer
- Review property and required renovations to determine selling price to market to buyers list
- Get contract signed by home owner
- Record contract with county
- Market property to established buyer list
- Once buyer is interested complete the assignment contact
- Receive deposit from buyer and put in escrow with title company
- Set closing date with title company for double close
Did I miss anything related to the process?
Thank you
Jamie