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Updated over 2 years ago,

User Stats

56
Posts
20
Votes
Jason V.
  • Mississippi
20
Votes |
56
Posts

Should I allow buyers to amend name to foreign LLP? WIIFM?!

Jason V.
  • Mississippi
Posted

Buyer (2 local individuals) & I have a purchase agreement.  Home inspection finished last week, presumably looking acceptable to buyer(s).  Termite inspection passed.

BUT... the buyer's agent has now sent an amendment to the contract. The ONLY change is the buyer's name will no longer be the two local individuals, but a foreign company from another state, "Something Properties LLP".

The original contract didn't mention reassigning the contract to another buyer's name, so I didn't think I was dealing with wholesalers, just a couple of guys that wanted to purchase some good cash flowing rental property.  But now I'm thinking they *are* wholesalers.

My ultimate question is... WIIFM?!  Or, "What's in it for me?!"

I am under no obligation to allow such a contract amendment.  So perhaps I could use it as leverage??  I'll only sign it for an additional $3,000 purchase price, for example??  Makes sense to me, no?

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