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Updated over 16 years ago on .

User Stats

218
Posts
29
Votes
Alex Locklear
  • Investor
  • Cary, NC
29
Votes |
218
Posts

Retailing a Wholesale..

Alex Locklear
  • Investor
  • Cary, NC
Posted

I have someone looking to straight option me their home for $164,900. I have found about 7 potential RETAIL buyers who will pay $172,000. I plan on having the seller buy me out of my option and collect my fee as a lien holder at closing, have the money wired to my bank account, and never be at the closing.

My question(s):

Should I simply allow the seller to market/show the home to my buyer and never be there? Risking them just going around me and waiting for my option period to be up?

Or should I market/show the property myself? What would I tell my potential buyers my intentions were?

Thanks so much in advance..