All Forum Posts by: Sonja Revells

I have an assignable purchase and sale agreement for a home in south central Virginia, near the North Carolina state line.  

  Please comment or call/text if you'd like more information.  

THANK YOU!!!!!!!!!! 

I've only come on here for advice but I have a deal I'm looking to wholesale and is there a place on here we can post deals?     

I have a realtor that is bringing and endbuyer to the table.  

She told me that she will be sending the EMD to a different title company/ one other than what I have specified on the assignment contract. Do you all "require" the EMD to be send to your preferred title company or let the end buyer send it to the one they want to work with? She's saying we can work with our preferred title company but she will be working with the one she wants/knows.

 Awesome!!  I called Jenny's office, FINALLY got a title company that knows what they are talking about!  THANK YOU!!!!!!!!!!!!!!!!!!!!!!!!!

  Thank you for elaborating, this is helpful.  With her sending me her contract, I feel it's overly complicating things.   I am assuming because she is going to make a commission off of it somehow, or maybe she has never bought from a wholesaler before.    

   In regards to backup offers and that the first offer would have to be terminated lawfully before another backup offer would be primary, isn't that from a realtors perspective?   Meaning if I simply give her an assignment contract..... and do not use her realtor contract, and her buyer back out after/during the inspection period ....I could just notify the next solid buyer and assign my contract to them.   

  I'm not familiar with this... what is a Kick out clause?

Thank You Bobby!!   I appreciate it!!  

    And I will keep your information.  :) 

I'm assuming you lend nationwide....?   

You can assign one property per year in Virginia as a wholesaler. 
   Anything more than that and you have to be a licensed realtor, From what I have learned/investigated.