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Updated over 10 years ago on . Most recent reply
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Should i go about getting a deal this way?
Hey Guys,
I have a question. I would like to avoid putting a property under contract and having to back out if i cannot find a buyer. I know i may lose some deals , but being a upfront and honest will help my RE business. Do you think i should just come out and let the seller know that i'm not going to be the one buying their property, but i have investor friends that pay cash and might be interested in purchasing your home as soon as possible. This way i can do an option to purchase agreement and start looking for a buyer. Once i find a buyer i could then do a purchase and sell agreement.
Do you think this will work or should i just put the property under contract and hope to find a buyer?
Most Popular Reply

If you are that worried about finding a buyer, I would go back to understanding what a deal is in your area. If you have a deal under-contract, but no one is willing to buy it, then it's not really a deal.
To answer your question though, yes, always be honest with the seller. I usually say, either myself or my partner will be buying the property, which is true.
Thanks,
George