seller was a no show on wholesale deal. I have a question.

[Chris Purvis]

This past saturday I had an appointment to meet a seller at the home they wanted to sell. The appointment was set for 12 noon. 23 minutes past 12 the seller called me on the phone saying that they changed their mind and decided not to sell. Total waste of time.

Here's the background. The previous week I received a call from a seller who wanted to sell a house about 50 minutes away from me. While on the phone I looked the property up online and told him "it's not a property that the investors would be interested in." (That might have been a mistake not just saying that "I wouldn't be interested in buying it") After all I would've been doing a contract with him not the end buyer. He told me that he and his brothers inherited it after the passing of their older brother. He then brought up another property that belonged to the deceased brother as well. This property was a lot better than the first. After some research, it turns out their asking price for that one was about 48% of the ARV. So naturally I thought I had a deal on my hands. A few days later I called him back and made arrangements to see the house in person, which brought me to the no show from one of the brothers on saturday.

My question is, being a wholesaler and fully intending to assign a purchase contract to an end buyer, should I let the seller know that's what I intend to do?