Can I do a double close w/ someone thats financing through a bank

Does anyone know the answer to my above question?

I can see several problems. The buyer would have to go through inspection, appraisal on your property even though he/she is pre approved and finance and have their money all lined up by the time you have to close on the a to b. Your time frame to close the a to b would be one issue I think. Never done one like this. Your buyers lender would have issues with the double close. You will be selling a property that you will not own until the day of the double close. Those are the two major obstacles to doing this that you will have to over come. Consult an RE attorney on this!

Good Luck!
Michael Mangham
MD Home Acquisitions LLC

and all it takes is one person to give an "ehhhhh" and its a dead deal

Sellers attorney, bank, title company among them might have an issue unless you can explain the details so eloquently that they just shut up and say "ok, let's go with it....."

Good question and if you can make it happen if allowed, the best to you.

Thanks for both of your comments. I figure it would probaly pose a problem. i think I will stick with the cash buyers. Havent been doing this long enough to complicate myself with such matters. Lol

Have you considered using the IEE contract to avoid the double close

Stick with CASH buyers so you can get paid ASAP.

I am proof of that and I did this with an out of state property. You just have to assign the property to the seller , not the buyer. Is also called a reverse assignment. PM if you want more details. Good luck.