Updated almost 5 years ago on . Most recent reply
Can anyone please explain to me how to double close?!
I hope to get a response this time because I am completely stuck on double closing. Can anyone explain in detail how to double close a deal?!
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I will first have a attorney or title company that is familiar and does double closing often. Essentially, you have 2 contracts 1 with seller and then a different contract with end buyer. If possible you want to have both contracts signed before sending to attorney/title company. When I done it I used the end buyer EMD to fund the EMD on the seller contract. The attorney/title company should handle everything through the transaction.