I have a motivated seller in CA who is willing to sign over her two Condos for $60,000. What would happen if I did not find a buyer to assign the deal? Should I have a buyer lined up first before I proceed?
Thanks
That would be an outstanding idea unless you have $60K lay9ng around and enough other money to pay the carrying costs until you can unload them…
Keith
Is that 60k each or 60k for both? Where at in CA are you? I’m in Sacramento…
60K for both. One Condo is in Gardena and the other in Ontario.
How would you lock up this deal, if you did not first find a seller?
You could just put down a deposit, and try to have as long a time to settle as possible and then try to find a buyer. If you didn’t find one, you would just loose your deposit, and could walk away.