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Updated over 7 years ago,

User Stats

47
Posts
21
Votes
Chris Sullens
  • Oklahoma City, OK
21
Votes |
47
Posts

Wholesaler wants to me to close first?

Chris Sullens
  • Oklahoma City, OK
Posted

I'm in the final stages of buying my first investment property here in Oklahoma City, where I live. I'm buying from a wholesaler, who has been very unreliable. I thought the deal was going to fall through several times. We are scheduled to close next week, and all along she led us to believe that she would close on the same day as us at the title company of her choice, and then we would close later that same day at our title company (turns out its the same company, just a different office). Now she says she needs us to close first so that she has the money she needs to close the other deal. This seems a little backwards to me, but okay, fine. Should I insist that she close at my same title office at the same time as me though? I feel like I might be a sucker if I give her all that money and let her walk away without any real guarantee that she is going to close her end of the deal. I suspect my bank my have a problem with that too. Am I being paranoid? 

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