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Updated about 8 years ago on . Most recent reply

User Stats

79
Posts
23
Votes
Joshua Manning
  • Realtor
  • Shreveport, LA
23
Votes |
79
Posts

What if a deal fall through?

Joshua Manning
  • Realtor
  • Shreveport, LA
Posted

Ok for the experienced wholesalers out there what would happen if you create a purchase and sale agreement with a seller, but you are unable to find a buyer for that property.

On a lot of posts I see where the wholesaler finds a seller and creates a contract with them first and then go and finds a buyer. But what would happen if you can't find a buyer or if you find a buyer and the deal falls through at the closing table.

Are you forced into buying the home yourself or does the contract just end? And how owul you go about canceling a contract?

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