Going around a wholesaler?

[Michael Hicks]

I was recently contacted by a new wholesaler about a property in an area that I love to buy in.  On the surface it was a great deal based on the pics(very few), the price, and the area.  I arranged to meet with him that afternoon and was met by the homeowner instead as the wholesaler was not on time.  He told me to take a look through the property and boy was I surprised.  I've looked at hundreds if not thousands of homes and this was the worst I'd ever seen.  As I came back out I was greeted by the wholesaler and the homeowner who were outside talking.  The wholesaler was asking $45,000 for the property.  I pulled him to the side and discussed the property.  I told him I wasn't interested but felt he was high on the price and based on the repairs should be priced at 20k.  He advised that was what he had it under contract for.  I try to help the new guys so I encouraged him to renegotiate for 15k and sell at 20k.  I won't go around him nor would I even consider it...especially on this house.  I would like to hear some other opinions though.  What would you do?