Going around the Wholesaler

[Chris Sullens]

I'm working on buying my first investment property in Oklahoma City (where I also live). We made an offer and it was accepted and right now we are in the inspection period. It turns out that we are dealing with a wholesaler. She has been very unreliable, and no-showed the inspection yesterday, which given her history with us so far was not a surprise. I would really like to own this property, but I'm getting tired of dealing with this wholesaler. So at this point I have to wonder, what are my options and what are the consequences of going around the wholesaler and negotiating my own deal with the owner? 

[David Walls]

Hello @Chris Sullens. First off, I apologize that you've ran across a bad wholesalers. I wholesale myself and I dislike when people give wholesalers a bad name by not working seriously and with integrity. According to a post on Trulia, someone said, "the Earnest Money , also known as consideration, has not been deposited then the contract is not a ratified contract". With that being said, if the wholesaler did not deposit any earnest money the contract is not legally binding and you can go to the seller directly. Disclosure: I am not a realtor or real estate agent, so don't take this to be 100% truth. Hopefully someone with the correct answer will come along and help you.