What Now?!?
I have finally got my first contract signed and accepted. What do I do now as far as the appraisal and title search and opening escrow,etc.? How much $$ does a wholesaler usually put into the whole transaction? Where do I go from here? :-o
Are you planning on wholesaling this deal? If so, you better get on the ball and find a buyer, hopefully you have a pocket full of potential buyers already! If not then ad in paper, call the "we buy houses" ads, your realtor etc.
Yes, I plan to wholesale but I know much more is involved than just finding a buyer. That part won't be a problem. I just want to make sure of what else I have to do as far as the appraisal and title work and opening escrow.. etc... Once I have the right buyer then what, or what should be done before that point....?
Once you have the buyer, then the title company should be contacted to set up escrow. As far as appraisal goes, that is typically the buyers responsibility (or the buyers buyer in the case of wholesaling) after all, they are the one that needs to protect their investment.