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Updated 8 months ago on . Most recent reply

User Stats

67
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Jordan Schneider
  • Wholesaler
  • Merrick NY & Lexington, KY
22
Votes |
67
Posts

Selling a house the owner wont give access to!

Jordan Schneider
  • Wholesaler
  • Merrick NY & Lexington, KY
Posted

Looking for advice!

Wholesaler out of Kentucky.  I've got 4 properties under contract with the same seller.  I explained to the seller what we do and how our company does business.  I sent my runner over to take pictures of all 4 properties and have interested buyers.  Two properties we've got assignment contracts signed but the seller wont let us get back in to show our investor.  He "doesn't want to scare off his tenants if the deal falls through." 

Side note - he'd be better off if his tenants were scared off since they are paying far below market rent!

This seller has many more properties to sell off in time and would like to keep the relationship going but once I tell perspective investors that they cannot access the properties they lose interest.  Clearly do not want to drop the listings but not sure how to handle this.

Thanks BP Community!

Most Popular Reply

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9,906
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JD Martin
  • Rock Star Extraordinaire
  • Northeast, TN
15,924
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9,906
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JD Martin
  • Rock Star Extraordinaire
  • Northeast, TN
ModeratorReplied

Well that's pretty tough. I know that myself, as a buyer, if I cannot walk the property then I am either going to pass or offer far less money to account for what it is I may not be able to see. It sounds like your seller is trying to have it both ways. If you rent out property and want to sell, you need to just cut bait and sell, and it's obnoxious not to let your tenants know you are going to be selling. 

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Skyline Properties

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