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Wholesaling

User Stats

96
Posts
17
Votes
Larry N.
  • Flipper/Rehabber
  • Silver Spring, MD
17
Votes |
96
Posts

How Do You Wholesale a Property Listed on MLS?

Larry N.
  • Flipper/Rehabber
  • Silver Spring, MD
Posted Jul 15 2016, 20:03

Hi BP members. Well I have a cash buyer ready to buy a wholesale property now. The property is listed on MLS. Do I just sign an Option Contract with the realtor and then assignment the Option to the cash buyer for my assignment fee? or do I sign a standard realtor contract stating that I can assign the contract and the EMD is be paid upon acceptance? (upon acceptance I can get the EMD from the cash buyer). The seller and cash buyer would pay the realtor fees. Thanks.

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