I need advice on working with this whole seller’s offer.

[Joe S.]

So I have a property in a little town called Taft Texas close to Corpus Christi Texas that I placed on the MLS. I'm on title and own the property. I get an offer on the MLS for a price that is considerably low and we would have to raise it to make it work, but should still be something an investor should want. It is clear to by the way the contract was written as well as them needing so long to close after clear title that he was hoping to find a buyer to assign their contract to. They wanted 20 days after clear title to close.

Whereas that is not my primary market I do not have a problem with a wholesaler bringing me a buyer, but I have a problem with them taking my property off the market while they give it a shot. Is there a way or a form that would give them permission to find a buyer and give me the right to continue to market my property at the same time?  

[Account Closed]

The wholesaler is going to just advertise your property for a price higher than he negotiated with you, meaning he believes the market price is actually somewhere between what his offer would be for and what you are listing it as.    In turn, the people he will advertise it to will be investors, and thus they will also be looking for below-market deals, even with the wholesaler's fee built in.  Thus it would be a much lower than market offer. 

Also, no wholesaler can beat the MLS for deal marketing, so you would even be getting a smaller market base. There's also the very real likelyhood he has no idea what he is doing and is just going to waste your time and/or cause additional problems.

My answer would be to just keep dropping the MLS price until it sells to a real buyer. If you can find facebook groups dedicated to real estate deal making/off market deals for the area your property is in, you can also try listing it there and note your price is flexible.

Selling a deal to a wholesaler would be the last thing I do, personally. I am here to make money, not give it away for no reason.