Can you buy and resell a property at the same time?

[Jake B.]

Hello BiggerPockets community, hope everyone is safe out their .

*Scenario: I find a home for 500k and seller is willing to pay half of closing .

You know someone who wants the same property.

*Question : Am I able to get into a contract for purchase of the property for 495k ( if seller is willing ) and sell to the other buyer for 500k?

Will I be able to give the same conditions to the buyer (half of close )? Would this be considered a double escrow ?

*Disclaimer : I do not have a RE license . I live in California .

Thank you.