Updated almost 12 years ago on . Most recent reply
Marketing House under contract
What if I have found a motivated seller, and I have the property under contract, and I begin to market the property to end buyers. Let's say I have the property on my website, Craigslist, and the newspaper. And it just so happens that the seller happens to see his/her property being advertise somewhere with the impression that I already currently have it under contract? How would I handle that situation if questioned by the seller?
Most Popular Reply
I had a property I found through the preforeclosure list in Austin last year that I was originally thinking of wholesaling. I instead decided to partner with another investor on it, by going 50/50 on the closing and backend profits through rental/sale. Decisions can change. No need to pigeonhole yourself upfront with sellers when you know it's going to make getting the deal a little bit harder.
I am all for honesty in this business and being upfront. That's why you say, with all sincerity, "I'm not sure exactly what I'm going to do with this property right now. But I'm going to make sure you get what you need and what we agree on, and I'm going to do what I can to make a little bit of profit on my side".