Here are the Benefits and Negatives to a "Double Closing's"

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Benefitss of a Double Closing

Double Closings have a lot of benefits. What different from the normal contract assignment is the double closing allows for more privacy. The seller are never aware of how much profit the investor is making, because the two completely seperate closing are happening at the same time and place. This is really important and beneficial if the investor is making a higher profit or if you are selling the property for a higher price than the original value thought by the seller.

It's crazy, but some sellers or buyers have known to back out of the deal, if they think the investor is making to much money. The double closing provides for privacy assuring that neither the seller or buyer know how much you are making.

Benefitss of a Double Closing

The cost of a double closing is generally more expensive then a simple assignment in order to cover the cost of the two closings. As the investor or the wholeseller you should be prepared and aware of this cost and factor that into your cost. In addition, the investor / wholeseller should be prepared to perform more work. The standard process for the closing is doubled. Bacically, everything that has to be done has to be done twice.

But, with all that taken into consideration to include increaased risk, the process is wll worth the effort because the investor can make much more on a deal then if they were doing a assignment deal. There are far less headaches from botht the seller and the buyer.

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The National Association of Real Estate Brokers

The National Association of Real Estate Brokers (NAREB) is a trade organization and network of Black real estate professionals known for promoting “democracy in housing” and advocating for public policies that “protect and expand sustainable homeownership.”

The organization’s members, who go by the title of Realtist, are spread throughout chapters across the United States. NAREB’s Realtist membership includes real estate brokers as well as professionals from other disciplines within the real estate industry such as mortgage brokers and appraisers.

“NAREB is the premier network of Black Real Estate Professionals,” NAREB President Lydia Pope said. “Our purpose is to enhance the professional and business conditions of NAREB Realtist members by strengthening the consumer capacity of Black, minority, and emerging target market segments that our Realtists serve.”

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