By Janet Moe & Maria Brandenburg | Great American Title
Janet Moe, your Sr. Escrow Officer/Branch Manager here to remind you what to include in your wholesale contract. Investors, it’s important that you comply with the below statute and disclose accordingly in your wholesale contract. Too many times investors unintentionally leave out the appropriate disclosure, which may put their wholesale contract at risk as the seller can cancel. See below:
*Effective September 24, 2022, A.R.S. § 44-5101 (A) requires, before the parties enter into a binding agreement, that a “wholesale buyer of residential real property shall disclose in writing to the seller that the buyer is a wholesale buyer.” Failure to make the required disclosure entitles the seller to cancel, regardless of any terms to the contrary in the Contract. A.R.S. § 44-5101(C).
Maria Brandenburg here, your Marketing Rep in partnership with AZREIA. As YOUR partner, Investor/Fix & Flipper/Wholesaler, I can provide you with a variety of marketing tools for farming/prospecting and mail-marketing. This month, I am showcasing:
Vortex, The Ultimate Prospecting Platform For Real Estate Agents and Investors. We can provide you with the following up-to-date data: FSBOs (For Sale by Owners), Expired, and Cancelled Leads. We also have access to Foreclosures and Pre-Foreclosures/30-60-90 days late.
Also, with regard to mail marketing, we have a GREAT graphic design team to help with mailers or postcards to go to a targeted farm area. Questions about any of this or want to know where to even start? Contact me: at mbrandenburg@azgat.com or call/text: (602) 505-6922.
Janet and I are looking forward to partnering with you in your next transaction!