Easily Delete Calculations to the Offer To Purchase Real Estate

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How to Delete Calculations to the Offer To Purchase Real Estate

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as a wholesaler or aspiring wholesaler one of the most important skills you can learn is how to effectively calculate your max offer price when talking to sellers and the mistake a lot of wholesalers make is they only use one method or formula to determine their offer price this results in a lot of missed opportunities so on todays video im going to show you the most accurate formula of all time for how to calculate your wholesale offer price coming up this video is brought to you by 10k club a program that pays you ten thousand dollars for finding ugly houses learn more at my10kcheck.com youre new here im jerry norton and i went from dead broke to millionaire flipping houses and after doing a thousand deals i created this channel to help you master the art of wholesaling and flipping so you can live your dream life be sure to subscribe and click the bell icon to get notified when new videos are released get out your calculator and follow along with me on this video i want you to b

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Can a seller ask for more money after accepting an offer?

Yes. Imagine a situation where the seller got multiple full-price offers and is setting up for a bidding war. That seller might counter all of the appealing full-price offers, asking each suitor for a best and final bid, or request a specified higher price.

Should I remove all contingencies?

You should only remove the loan contingency in a purchase agreement if youre a cash buyer or are absolutely certain you will obtain financing. In real estate, contingencies are a way of allowing the buyer or seller to back out of the deal if certain conditions arent met.

What does no contingencies on a house mean?

A no-contingency or non-contingent offer means that a buyers offer has been accepted by the seller and there are no further contingencies to be met in order for the house to be sold.

Is it a good idea to remove loan contingency?

This clause asserts that your offer is dependent on being able to secure financing. If you remove it, you may not get your deposit back if you cannot obtain a loan, says Herman. So, if youre like most buyers and plan on financing your home purchase with a mortgage, you should never remove the financing contingency.

How do I cancel OTP?

The buyer will usually not be able to cancel the OTP after both parties have signed without any consequences, unless the OTP specifically provides for this. One of the few exceptions would be if the provisions of a suspensive condition are not met.

What does it mean to remove all contingencies?

Removing the contingencies happen when everything agreed to comes to fruition. For example, if the seller agrees to everything on the Home Inspection Contingency, then the contingency is removed.

What does all contingencies mean?

: an event (such as an emergency) that may but is not certain to occur. trying to provide for every contingency. : something liable to happen as an adjunct to or result of something else.

What happens when you remove all contingencies?

Once all contingencies are removed, you are in effect saying you understand and accept the property in its current condition (subject to any agreed repairs by the seller) and are going to close escrow.

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