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Updated over 9 years ago on . Most recent reply

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25
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Miles White
  • Berwyn, IL
2
Votes |
25
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I have a problem

Miles White
  • Berwyn, IL
Posted

I have recently found a great property to put under contract (excellent), the owner is very motivated in getting the property off her hands, she has a buyer in mind who wants the property(her sister)  and even agreed to lower the offer I originally gave her (sounds like an easy sale right). Well heres is when things get tricky, she already has a realtor working to sell the property (first problem), and her sister is on the title which would make it very difficult to assign her the home (second problem). I want to finally get my first Whole sale deal completed but I need some help figuring out how.

Here is my question is there anyway I can still assign the property to the sister and get this deal completed or should I just look for  another cash buyer? 

Most Popular Reply

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5,116
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5,172
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Kyle J.
  • Rental Property Investor
  • Northern, CA
5,172
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5,116
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Kyle J.
  • Rental Property Investor
  • Northern, CA
Replied
Originally posted by @Miles White:

Thanks for the tips guys, so what if I dont go through a short sale and just treat it like a regular whole sale?

Usually, it's either a short or it's not a short sale.  You (as the wholesaler), or the buyer, don't get to pick "how you treat it".  Unless, you have a buyer willing to overpay to the point where the bank is no longer being shorted (in which case it wouldn't have to go through the shortsale process, but this is highly unlikely).

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