Financing Contigency for Assignee?

Bird Dogs, Wholesaling
1

I have read all over the forum that an inspection contingency is better than a financing contingency.

However will a financing contingency make or break a contract buyers decision when it comes to selling the contract? What if that person can’t get financing or should I even worry about it?

The contract I have has places to put in maximum cost, payments and interest in the financing contingency. Should I fill those in since the seller will sign the contract before I find a buyer or should I just cut those out and have it say something like “Contingent to decent financing” or something along those lines?

Or if the deal is truly good will the buyer of the contract even care if there is a financing contigency in it?

Thanks all!

2

Anybody have any ideas?

3

Wholesaling should be a CASH only business. If your buyer has to arrange for financing, you are dealing with the WRONG buyer. The only exception to the rule is if the financing is hard money. That is as good as cash.