Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

2
Posts
0
Votes
Ian McCook
  • Contractor
  • Maitland, FL
0
Votes |
2
Posts

Contract to sell a property prior to closing

Ian McCook
  • Contractor
  • Maitland, FL
Posted

New to Biggerpockets, but it looks like a great website. I need some advice. I have a property under contract to purchase in Florida (ie, equitable title). I have a buyer that is interesting in purchasing the home. A real estate agent is involved, and she is telling me that her broker is telling her that we can not enter into a contract to sell prior to closing. This is part of a government program that procludes assigning the contract (we have to close on the property first). I don't understand why we cannot enter into a contract TODAY that is subject to our closing on the property. Does anyone have any advice or experience that can offer guidance?

Most Popular Reply

User Stats

174
Posts
39
Votes
NA Foster
  • Real Estate Investor
  • CA
39
Votes |
174
Posts
NA Foster
  • Real Estate Investor
  • CA
Replied

Carlos-I use Micheal's forms and only add after the wording, HUGE PROFIT this wording,"or a Horrendous Loss",and it usually gets a chuckle.

Loading replies...