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Updated almost 10 years ago on . Most recent reply

User Stats

71
Posts
5
Votes
Javier Osuna
  • Investor
  • San Diego, CA
5
Votes |
71
Posts

Wholesaling question: What if the seller I'm working with is already working with a realtor?

Javier Osuna
  • Investor
  • San Diego, CA
Posted

Hi all,

I'm on the verge of going out there and beginning my marketing phase on my seach for properties to wholesale and want to make sure I have this question answered before I'm actually faced with this scenario: Suppose I'm screening a seller for motivation and begin to ask questions about the property and the seller tells me he or she is already working with a realtor? Does that mean a deal is not possible? Am I supposed to somehow make it work with this realtor or should I even bother? Would we split the profits somehow or would the realtor and I have to enter into some kind of an agreement on paper? I There's a good chance the realtor will not be wholeseller-friendly, I hear they don't like us. How would a seasoned wholesaler deal with this scenario? Any input would be grately appreciated. Thank you in advance... :)

Most Popular Reply

User Stats

133
Posts
83
Votes
Brian G.
  • Entrepreneur
  • Miami, FL
83
Votes |
133
Posts
Brian G.
  • Entrepreneur
  • Miami, FL
Replied

Not a wholesaler but the best outcome (in my opinion) should be: "Mr. Seller thanks for getting back with me. It is great to hear you hired a professional realtor to sell your property. Lets do something, if for any unforeseen reason your property doesn't sell per the time stipulated in your listing agreement, please keep my number handy and I will be more than happy to revisit/evaluate your asking price. What is your listing deadline again? XX/XX/XXXX ok perfect.... Lets agree that I'll give you a call then and see where you at. I hope you have a great day and please don't forget to call back"... Simple, transparent, professional and you don't burn any bridges with local realtors while preserving the relationship.

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