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Updated about 15 years ago on . Most recent reply
Using Option to Wholesale..How does it protect me??
I'm trying to wholesale an out-of-state property and was thinking of tieing it up with a non-exclusive option agreement.
I have a buyer who's looking and who MIGHT be interested in the property. But if I show him the property and he does like it, then how I protected from the buyer just circumventing me and making a direct offer to the seller?
Most Popular Reply

Why not get an exclusive option and record it with the county recorders office, this gives you equitable interest in the property. If you already have a potential buyer, your seller should have no problem with a short option period and you are safe.
You can also have your potential buyer sign a Non-Circumvent agreement which states they can not go around you direct to buyer or you can sue them for damages and costs.