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St. Clair County, Michigan

Double Closing in St. Clair County, MI

Compare wholesalers & investor services who handle double closing across 31 communities in St. Clair County, then pick your city for the pros closest to you.

Double Closing guide
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  • Every city in St. Clair County
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Rebuild Detroit is not a real estate broker, does not verify property condition or title, and does not give legal or financial advice; information here is general.

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Double Closing in St. Clair County

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The job

What double closing usually includes

  • Two purchase agreements: seller to wholesaler, wholesaler to end buyer
  • One title company coordinating both closings
  • Funding source for the first closing identified in writing
  • Two deeds recorded with the county Register of Deeds in order
  • Separate settlement statements for each transaction
  • Property Transfer Affidavit filed after each transfer
Price

What drives the cost of double closing in St. Clair County

  • Two sets of closing costs, title fees and recording fees
  • Transfer taxes on each transfer
  • Transactional funding fees if the wholesaler borrows for the first closing
  • Title insurance on one or both transactions
  • The spread between the two contract prices
  • Delays if the end buyer is not ready to close
Compare quotes

How to compare double closing quotes

  • Ask which title company will handle both closings and call them yourself.
  • Confirm how the first closing is funded.
  • Read both contracts for inspection and cancellation terms.
  • Ask how transfer taxes and title fees are split.
  • Get the process explained by an attorney if it is your first double closing.

Double Closing in St. Clair County: FAQ

With an assignment, the end buyer takes over the contract and closes with the seller. With a double closing, the wholesaler buys the property and resells it, so there are two closings and two deeds.
You pay closing costs twice. The total depends on title fees, transfer taxes, recording fees, title insurance and any transactional funding.
Buying and reselling property is legal, but disclosure, licensing and lender rules can apply. Have a Michigan real estate attorney review the deal.
Pick your city above to compare local wholesalers & investor services, starting with verified and claimed profiles, or send one free request and it goes to pros who serve your area.
Permits come from the city, village or township where the property sits, not the county. Your city page lists the building department.

Get double closing quotes in St. Clair County

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