Wholeseller told my seller their house was worth 90k less smh

[Rod Desinord]

I recently had a seller come to me and say that during the process of deciding whether or not to put their house on the market, they entertained one of those Bandit signs. A wholeseller came over and told them their house was worth 90k less than what I told them it was worth when i previously visited them. Armed with this information they went nuts on the guy for lying to them. Subsequent appraisal afterwords confirmed my original CMA was correct. My question is how could this have been avoided if you are that wholeseller looking to make money.

[Jeff Joachim]

Interesting situation @Rod Desinord. Not all wholesalers operate in the same manner, so it is kind of tricky. A big part of wholesaling is obviously picking up properties for less than what they are worth. The benefit to the seller is that they are able to liquidate a property quickly to a cash buyer. If the seller isn't distressed and doesn't need a quick cash offer they will be offended by lowball offers from wholesalers, especially if the wholesaler isn't tactful in their approach. When I'm negotiating a wholesale deal, I just tell people what I can afford to pay, rather than go into bashing the property and telling them they will never be able to sell for more. Best of luck in your situation!