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Updated almost 11 years ago on . Most recent reply

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46
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Chris Harper
  • Involved In Real Estate
  • Philadelphia, PA
8
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46
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When do you show your buyer your contract with the seller?

Chris Harper
  • Involved In Real Estate
  • Philadelphia, PA
Posted

I have read some wholesalers don't show their end buyer the contract they have with the seller until closing. I have also heard that some wholesalers show their end buyer the contract before the buyer signs the assignment contract. I understand revealing your assignment fee, but why would a wholesaler reveal how much they are into a property for?

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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied
Originally posted by @Bilal S Ali:
from my understanding you should get paid from both parties if I'm moving a house for the seller and bringing the house to the buyer, I'm bringing something to both parties so to make the impact financially less on both you get a bit for can it be done and how in a double closing or another method!!!

Do you have a license? That really is getting sideways in an agency relationship.

What you are selling is the contract to buy at that price at an agreed assignment fee. Hand me 5K and you can have this contract! I get to the contract after the property is shown and before collecting money. Full disclosure, upfront dealing, no hide and seek about it. :)

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