All Topics / General Property / FOR SALE AFTER EXCHANGE BEFORE SETTLEMENT

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  • Profile photo of ss2306ss2306
    Member
    @ss2306
    Join Date: 2004
    Post Count: 55
    January 17, 2005 - 11:52 am

    Does anyone know if you can offer a property FOR SALE after exchange of contracts but before settlement actually occurs? I have a potential property lined up requiring renovations. Since this property is over 6 hours away and I am purchasing well below market value I am wondering if I can do a quick turnover?

    Profile photo of Fast LaneFast Lane
    Member
    @fast-lane
    Join Date: 2004
    Post Count: 527
    January 17, 2005 - 3:08 pm

    Yes you can, this is called flipping. The contract needs to be unconditional though.

    Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
    Post Count: 16,213
    January 18, 2005 - 8:14 am

    Have a look at the recent post on ‘flipping’

    Terryw
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