If you have a buyer lined up before you have actually gone through the closing process involved in buying a house, you can "sell your position" to your new buyer. You can do this as long as youyr contract with the seller is assignable.
When you do this, you are giving your permission for your buyer to take your position on the contract (as buyer) that you have with the seller, (for a fee).
This allows you to get paid for the property, without ever actually owning it.
Good Luck,
Jeff
If you have a buyer lined up before you have actually gone through the closing process involved in buying a house, you can "sell your position" to your new buyer. You can do this as long as youyr contract with the seller is assignable.
When you do this, you are giving your permission for your buyer to take your position on the contract (as buyer) that you have with the seller, (for a fee).
This allows you to get paid for the property, without ever actually owning it.
Good Luck,
Jeff