REO Asset Manager Wants to Know Why I need so many days to close?

[James Vasquez]

Hello fellow BP members,

I've just negotiated a decent price on a property that I plan to wholesale, however, the asset manager wants me to close in 1 &1/2 weeks and I don't feel comfortable setting a closing date this soon.

I have countered with a closing date at least 21 days from the date that we sign the contract. By then I should know if I can find an end buyer or not.

I do not want to buy if I don't have an end buyer lined up.

The asset manager wants to know why I need at least 21 days to close if it's a cash deal??? Any questions or advice on how you would respond?