How to Close On an Off-Market Real Estate Deal

Real Estate
Off-market real estate deals can seem tricky when you’ve never done one before. For the most part, investors only deal with on-market deals where their real estate agent walks them through the closing process. When you’re pursuing off-market deals, you’re on your own (for the most part), but that doesn’t mean that closing on a new deal has to be complicated.

This week’s question comes from Aaron on the Real Estate Rookie Facebook Group. Aaron is asking: What paperwork do I need to close an off-market deal? If presenting a cash offer, can it all be done between me and the seller? Do you typically ask for an inspection period?

While you’ll have to do a bit of the upfront legwork that a real estate agent would normally do, closing on an off-market real estate deal only requires a few more steps than buying an on-market property. Things like finding a local real estate attorney, escrow company, or title company can be all you need to lock down the deal, but you’ll need to make sure all the documentation is done correctly!

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Join BiggerPockets for FREE:
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Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
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Question of the Episode 👇 https://www.facebook.com/groups/realestaterookie/permalink/458545105192516/
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6 Insider Hacks for Finding Profitable Off-Market Real Estate Deals:

6 Insider Hacks for Finding Profitable Off-Market Real Estate Deals


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The Letter of Intent Explained:

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Begin As You Mean To Go: The Letter of Intent


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Contract Contingencies and 4 Rules for Using Them:

Contract Contingencies and 4 Rules for Using Them


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Connect with Tony and Ashley on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
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Shoot Ashley or Tony a Question on Instagram!
@wealthfromrentals or https://www.instagram.com/wealthfromrentals/
@tonyjrobinson or https://www.instagram.com/tonyjrobinson/

Episode 186

Show notes at: https://www.biggerpockets.com/blog/rookie-186?utm_source=youtube&utm_medium=description&utm_campaign=none

01:28 Insights Into Syndication
03:29 Listener Question – What paperwork do you need to close on an off-market deal?
8:18 Closing

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