This brings me to another question. I’ve read where buyer pays closing costs. ( regular wholesale deals). Do I need to adjust my price to buyer to compensate for this? If I do, what are approx. closing costs?
Say, closing costs are approx. $3000? So, to keep my selling price to my buyer low enough, add $3000 into the offer to my buyer?
1. Is it customary for buyer to always pay closing costs?
2. Who is responsible for checking title?
3. If I have to use my own title co., does this mean I pay closing costs instead of my buyer?
4. Realtor help draw up contract, or do I do this?
5. When contract is ready to be signed by seller, I take to seller, not realtor?
6. When we inspect the property, we can do most ourselves, but what about the electrical and plumbing. How do you handle this?
7. I don’t need to go to closing?
8. I will be wanting to assign the deals. What’s the name of contract to use? “Standard Purchase and Sale Agreement“? ( has on it and/or assigns).
I think this is it on the questions. I hope you don’t mind. Thank you very much again, Christine