"EXIT STRATEGIES"

   Ahhh, exit strategies,even thought it might not sound important, some exits could be the most most important verbiage in a contract. Determining what your exit will be before hand can be a factor when trying to deal with time.One thing to keep in mind is that creative R.E. deals have different exits for different venues(short sales,rehabs,wholesaling,lease options,etc..).Refinancing,selling,and giving the deed back to the bank can be some options to look at when dealing with your transactions.

Exit Strategies can range from lease optioning,traditional sale,renting,and even wholesaling the deal.Remembering that things happen and having a exit strategy when something happens will allow you to preform when other wise you could not.In Real Estate, inserting a subject to clause means that your your offer is contingent upon other factors,such as appraisals/inspections that are acceptable,funding, finding a tenant buyer to buy property,partners approval or other things that may happen, and allowing to you back away if you have to,even after a offer has been written.I f you do your due diligence correct and feel comfortable enough, you can can pass on the property.

Disclosure's in your contracts with contengencies should be written in so your exit strategy is in place.
These are some exit's that may help you write your contract with protection.

• Subject to buyers approval of contractors estimate.
• Inspection clause
• funding clause
• agreements not met on contract
• offer is subject to the approval of buyers partner
• offer is contingent upon buyer finding financing from lenders
•