IS THERE SUCH A THING???

Bird Dogs, Wholesaling
1

Is there such a thing as a “Subject To A Contract TO Purchase”?
If there is does anyone have a copy of one, or what should be added in a regular assignable Contract? Thanks

2

Not sure if I understand. If you are trying to buy subject 2 you just make that as part of the terms of your contract. Is that what you are asking?

3

My understanding of it, is that it is a contract that you sign with a homeowner for 14 - 21 days, or whatever you can get. This gives you the protection and the opportunity to try to re-sell the home to a wholesaler, I don’t know if you need to be licensed to do this. I do know that HomeVestors or Companies of the like have this sort of contract.

4

Am I crazy or does this sound like a straight up option, maybe an exclusive option to purchase???

5

All in-

I don’t know. I do know that HomeVestors call it a Subject to Contract to Purchase. And it basically protects them from other Investors and gives them a chance to find a purchaser without them going into a Purchase Agreement themselves? (I hope I’m making sense.)

6

Sounds like a straight up option as the other poster said.

7

So is the correct terminology for this Contract an Option to Purchase Contract then?

8

It sounds like what they are describing and an Option to Purchase does what they describe. It locks in an option to purchase for a set term so other investors can’t buy it and it is not a purchase agreement so you aren’t forced to buy. With an option it only forces on party to do something, the buyer. The buyer has to sell to you but you do not have to buy, you only have the OPTION to buy.