Internet Marketing and Real Estate Investing Club
Web 2.0 Marketing For Real Estate Investors & Marketers
REO questions from a newbie
Ok, so I get the house I want under contract. But, honestly, I don't have the earnest money to put down. I find a buyer who is interested. Is it just a matter of letting him/her know they will need to put the money down?
Second question: When I am speaking with the REO agent, do I let them know that part of the terms of the contract are: 1. contingent on locating a buyer?
Second question: When I am speaking with the REO agent, do I let them know that part of the terms of the contract are: 1. contingent on locating a buyer?
Replies to This Discussion
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Permalink Reply by Simone Hardy on -
From one newbie to another, how much is the earnest money? if it is too much to put out of your own pocket then find a buyer who is willing to do so. 2nd question: You should be able to write it in your contract as a contingency that you be able to locate a buyer for your own protection. Hope that helps.
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