Selling a House

Real estate wholesaling is a way to sell a house through a contract that a buyer may transfer to another buyer for a profit. It can be a faster, off-market path, but it is important to understand who is buying, what the contract allows, and how the price compares with your other sale options.

If you are selling a property in Garfield Heights, a point-of-sale inspection—usually called a POS—is part of the sale process. It is not optional: the City requires a current Certificate of Inspection or Certificate of Compliance before an owner sells, transfers, conveys an interest in, or enters an agreement to sell a covered property.[1]

The price on the contract is not the amount you take home. Your net proceeds are what remain after the sale price pays off what you owe and covers the costs assigned to you at closing.