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Updated over 5 years ago on . Most recent reply

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169
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Elijah Glenn
  • Hurst, Tx
8
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169
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Wholesale deal from a realtor?

Elijah Glenn
  • Hurst, Tx
Posted

A realtor has a property. They are looking for a buyer. Can I put house under contract with realtor? Then find a buyer from my list to close at title company? How would I structure the deal?

Most Popular Reply

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Jeff Copeland
  • Real Estate Agent
  • Tampa Bay/St Petersburg, FL
2,065
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1,836
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Jeff Copeland
  • Real Estate Agent
  • Tampa Bay/St Petersburg, FL
Replied

Do you have financing and/or cash in place with the ability to close on the property on time if you can't find an alternative buyer? If you do, and that is your intent, and you end up assigning the contract to another buyer for valid business reasons, then it probably would not be a problem.

If you don't, most real estate agents are savvy enough to see through the shell games and protect the interests of their seller.  They are unlikely to tie up a property with an unqualified buyer.

  • Jeff Copeland

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