Wholesaling a house that is listed with a realtor?

[Anasya Taylor]

How would wholesaling a property that is already listed with a realtor work? How would they get there commission? How would the contract be? Would you send the contract the realtor for them to the sign or does the actual seller still sign?

[Dan Maciejewski]

Originally posted by @Anasya Taylor:

@Jason D. So would most realtors decline? Like do most of them not want you to wholesale it even if the agreement is actually going to them?

 Yes, In our market, an assignable contract is not a strong contract at all.  I vet my client's buyers as much as possible, including speaking with their loan officer or verifying funds for cash offers.  An assignable contract to a wholesaler would most likely mean that there isn't an actual buyer yet -- My fiduciary duty would have me strongly advising against taking that offer.

Unless, of course you are making it assignable, but you would buy it under the terms of the contract yourself.  And it would have to be an offer at market value -- the seller has already pledged a lot of money to a Realtor and co/buyer's agent to know that they are marketing the house to buyers willing to pay market value -- and they negotiated that fee up front before listing. Why wouldn't the seller want to realize that money instead of giving it to a buyer or wholesaler?

And on the other side, why wouldn't a buyer pay the listed price for the house instead of the listed price plus an additional fee.