Desired Properties by Wholesale Buyers
Property Description - Detached - Single Family Residence (SFR) subject
properties are located at these states: Northern
California: I HAVE TWO BUYERS ONE FOR 10M USD AND THE OTHER 25M USD PROVEN
I HAVE SHOWED TO MY BROKER THE 10M AND NEXT WEEK WILL SHOW HER 25M VERIFIABLE FUNDS
One or Two story, Detached (SFR) homes containing
Bedrooms: 3 to 5
Bathrooms (full): 2 to 3
Building SqFt: 1,100 to 3,600
Lot SqFt: 5,000 to 12,000
Roof: Tile or Composite shingles
Year Built 1954 – 2006
Public: Water and Sewer
Occupied: Vacant
HOA: None
Rehab Amount: $15,000 to $50,000
(The exact legal description to be supplied in escrow).
Buyer Information – XXX Investments is a real estate
investment company specializing in the development,
rehab-construction, purchase, and managing of
residential and commercial properties. Based in
Northern California with offices in Napa and Los
Gatos. The Company has over 50 years’ experience in
development and acquisition, and management of
SFR, commercial and apartment communities in
northern California. We purchase foreclosed single
family homes located primarily in Northern
California, but not limited to this location. Our
business strategy is to buy homes at a discount
and rehabilitate the property to its maximum curb
appeal with a focus on a quick turnaround. We
either rent or sell each property and most homes
are ready to be sold or rented within one month
after acquisition.
Purchase Price- $7,000,000 (seven million dollars)
Terms of Purchase - Cash at Closing
Property’s Conditions - Buyer accepts the Property “AS‐IS”, “WHERE‐IS”,
with no representations by Seller.
Inspection Period - Buyer, at its sole and unfettered discretion, shall be
allowed a minimum of twenty (20) day period from
opening of escrow to review all documentation, obtain
third party reports, and otherwise approve the
property. If buyer determines that for any reason the
Property is not suitable for buyer's use, such
purchase agreement shall terminate and neither party
shall have any liability or obligation to one another
hereunder.
Financing Period: Upon waiver of contingencies, all cash purchase.
Closing Date - Ten (10) days after waiver of contingencies.
Opening of Escrow. Opening of escrow will be the date that signed escrow
instructions are received by Title Company (TBD).
Confidentiality - All aspects of this negotiated agreement shall be held
by Buyer and Seller in the strictest of confidence. The
confidentiality requirement shall not be in effect once
closing occurs.
Proration’s - Taxes, rents, and other income and expenses
pertaining to the Property will be prorated as of the
close of escrow.
Broker - Principals of the Buyer are licensed real estate
brokers in California, and are acting as principals
only. Seller shall be responsible for all brokerage
commissions.
Broker & Buyer 2/04/14
The intent of this letter is to serve as a description of interest to purchase the
property and is not considered binding on either party, until and unless Buyer and
Seller execute the binding purchase and sales agreement incorporating the