Sell Before You Buy?
Has anyone ever put a house under contract from a realitor slightly below market value and then find a buyer to pay market value then do a double closing or simo closing and collect the spread? For example..
House worth 200k
1.Put it under contract for 160k(with realtor)
2.Find a buyer that will pay 190k and do a double closing and collect 30k.
double closing, yes, they are tricky and sometimes the seller get angry if they know. I would do one in the morning and the other in the afternoon, so noone is the wiser. if you can make the spread why not. it also takes excellent timing, or you could just assign the contract to the new buyer for a fee. much simpler