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Updated about 3 years ago on . Most recent reply

User Stats

75
Posts
19
Votes
Wendy Busa
  • Madison, WI
19
Votes |
75
Posts

Wholesale contingency to enter property with prospective buyers?

Wendy Busa
  • Madison, WI
Posted


How does a wholesaler show the property to a buyer? So let's say I have an assignable and I want to put a contingency in so that I can show the property to prospective buyers, how does this work? Even with earnest money down, I can not imagine the homeowner will just turn over the keys. Maybe I am over thinking this, but how is this handled?

Thank you.

Most Popular Reply

User Stats

264
Posts
211
Votes
Joe Gonzalez
  • Wholesaler
  • Houston, TX
211
Votes |
264
Posts
Joe Gonzalez
  • Wholesaler
  • Houston, TX
Replied

From the very beginning I let my sellers know that I will be doing a walk through prior to closing. I also let them know some of my partners will tag along and they are okay with this.

The issue is when newer wholesalers don't disclose this, blast the deal to everyone and then 40 people show up.

I've always been a proponent of having a small but solid buyers list, this will save you a ton of headaches in the future. 

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