My First "Real" Deal...(in progress).

[Zach Schaar]

So I'm learning alot during my first wholesale deal. However, a new situation has popped up I'm wondering if anyone else has ran into.

The seller I have a contract with called me up today and said someone else offered to buy the house, however, it was $2k lower than my contract price, so I cant obviously reassign to him. Common sense would tell me that I should say okay well if he can't buy the contract off me, then he's not getting the house.

But something dosen't seem right. I dont have a for sure end buyer lined up yet, and I feel like I may be holding him back from selling, and holding myself back from making no money at all. So what do I do?

He wants the contract price I have with him, but he also wants the cheaper one because that means he would be freed from the property sooner.

I'm stumped.