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  1. Financing

Double-closing funding.

Two closings, usually on the same day. Your purchase from the seller is funded, then repaid from your sale to the end buyer.

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IHow it works

Two closings. One coordinated transaction.

Used instead of an assignment, when the buyer or the buyer's lender will not accept one, or when you want each side on its own paperwork.

  1. A · SellerSells to youContract A to B. Your purchase is funded by the capital provider.
  2. B · YouBuy, then resellYou take title and sell on under a separate contract.
  3. C · End buyerBuys from youContract B to C. The buyer's funds are confirmed at the closing agent before your purchase is funded.
Two contracts and two settlement statements. The funding is repaid from the B to C proceeds, and the spread is yours. Requirements vary by funding arrangement and closing agent.

  1. Send both contracts

    A to B and B to C, both signed, with the closing date and your escrow officer or closing attorney.

  2. Title confirms it can run it

    The closing agent agrees to run both closings, send funds by wire rather than check, and pay the A to B leg from the B to C proceeds.

  3. The buyer's funds arrive first

    Your end buyer's money is receipted at the title company, and confirmed in writing, before anything else moves.

  4. Both closings fund

    Your purchase is funded, your sale closes, the funding is repaid from it, and the spread is yours.

What qualifies

  • Both contracts signed, A to B and B to C, by every party.
  • A spread. Your buyer pays more than you do, so the second closing can repay the first.
  • The buyer's money at title, confirmed in writing before your purchase is funded.
  • A closing agent that can double close: both closings, funds by wire, and the A to B leg paid from the B to C proceeds.

The full document list is on the Financing page.

Good to know

  • A double close is same day. If the money would sit in the deal for days while the buyer arranges funds, it is not a double close and is not funded as one. Say so before you submit.
  • Privacy has limits. Each closing has its own settlement statement, but recorded deeds are public.
IIQuestions

Common questions.

Questions about pricing, timing and where your information goes are answered on the Financing page.

How does double-closing funding work?

You have two signed contracts: your purchase from the seller (A to B) and your sale to the end buyer (B to C). Once the end buyer's money is confirmed at the closing agent, your purchase is funded, both closings happen, usually on the same day, and the funding is repaid from your sale. It is priced on the amount funded and settled at closing. See what to have ready.

Can the two closings use different title companies?

Yes, with coordination. Both closing agents have to agree how and when funds move between them, and it takes longer. Say so when you submit, not on closing day.

What if the closings are a day or two apart?

Then it is not a double close, and it is not funded as one. If your buyer needs time, say so before you submit.

Why do the buyer's funds have to be at title first?

Because the second closing repays the first. With the buyer's money already receipted, the repayment is in place before your purchase is funded.

Both contracts signed?

Send both contracts and your closing agent's contact, and hear what the deal needs. Also see Earnest money · The stack method.

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