# Of Days To Close When Wholesaling?

In order to look like a bon a fide buyer without causing me a heart attack, what is the best amount of days to put on a contract to close in? I do not have a buyers list of investors yet to flip it to. This would be referring to my first deal. oh oh

Comments(6)

  • SolutionsKid18th November, 2003

    I usually have close in 31 days from effective date on contract or 3 days after clear title is shown. Give yourself 15-20 days for your "inspection clause" which allows you to find investors and decide if the property is worth your time.

    Christian "The Solutions Kid" Beebe
    [addsig]

  • mush18th November, 2003

    SolutionKid, Is your 15-20 days for the inspection clause part of the 31 days until closing or in addition to? Does this inspection clause fly when offering through a realtor? Would love to know.

  • iamhappy18th November, 2003

    You should probably put the longest time you feel comfortable to close in. If you feel confindent that it is a good deal and feel you can find someone to flip it to put a shorter fuse on it.
    [ Edited by iamhappy on Date 11/18/2003 ]

  • makingaliving18th November, 2003

    A good realtor would advise you to have the inspection clause.

  • NChotdeals18th November, 2003

    I never put anyless than 90 days. Some owners may menion it but if you sound confident they usually dont worry.

  • mush18th November, 2003

    90 day even on a property listed through a realtor? Even bank owned?

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