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Updated over 1 year ago on . Most recent reply

User Stats

25
Posts
22
Votes
Brent Sweet
  • Investor
  • Willard, MO
22
Votes |
25
Posts

Non Exclusive Option to Cash Buyers - What Does This Mean

Brent Sweet
  • Investor
  • Willard, MO
Posted

I cold emailed a "cash buyer" in a Facebook group last night about a property I have under contract that I am looking to wholesale.  He sent back a very short email that said "Can I send a non-exclusive option to market your St. Louis deal to my cash buyers?"  While I want to disposition the deal I don't have a ton of margin in this deal.  If I say yes to this what am I agreeing to?  Can this be done since I am, myself, trying to assign the contract?

Thanks!

Most Popular Reply

User Stats

25
Posts
22
Votes
Brent Sweet
  • Investor
  • Willard, MO
22
Votes |
25
Posts
Brent Sweet
  • Investor
  • Willard, MO
Replied
Quote from @Bill B.:

Just another person with no money. The only offer I’d make is they can buy the contract you for your option price and then they can sell it to anyone they want. But you’re not signing any contract without a transfer of non-refundable cash to you. 

Bill,

Sort of what I thought.  People posing as end buyers.  I'm following your advice.  I'm nearly positive I can dispo this one myself.

Appreciate you taking the time to help me out!

Brent


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