An Introduction to Buyers Lists, pt. 13

How Long Should Closing the Deal Take?

There is a little bit of variance you are allowed when it comes to scheduling the closing of the deal. Still, the sooner the better for two reasons:
•    The longer you wait, the more likely one of the individuals involved is going to back out of the deal.
•    The longer you wait, the less money you are making.

Obviously getting this transaction completed so you can start on your next one should be one of your top priorities, especially if you expect wholesaling real estate to truly pay off. At the same time, however, you never want to make either the buyer or seller feel too rushed or you may scare them out of this deal.

The best way to close is to start with the date that the seller wants to close the deal (let’s say the 31st of July), and to subtract 3 or 4 days for when the buyer needs to sign the papers. If you put the deal at the 27th or 28th and something goes wrong, you have several days in order to try to fix the problem so that you do not necessarily have to cancel the contract.

The buyer closing is never a guarantee. Always make sure to give yourself some extra time to complete the deal of something goes wrong or else you might find yourself in an uncomfortable situation with a buyer and seller in the future.

*******************************
As the creator of Virtual Wholesaling, Cris Chico is helping investors realize their dreams of financial freedom through his proven & guaranteed method of finding & flipping properties in hot markets (whether you live there or not). To find FREE information about how YOU can “Invest Everywhere from Anywhere”, visit  http://www.VirtualWholesaling.com today!