Wholesaling experts ANSWER THIS FOR ME THANKS!

[Gerrard Townes]

In a wholesale purchase agreement, I have two important clauses, "Assignability" and "Specific Performance" so no need for me to upload full contract, just keep those two terms in mind. Thanks.

So my contract is set up to where the seller cannot go around me, but he wants to sell to another buyer because he said he has a better offer. Let me ask this to my wholesale veterans, If a seller is trying to move forward with another buyer when we already have a signed contract with me, and I have deposited my EMD. Is it legal in Virginia, for the seller to pay me a "Consultation Fee" or a "Marketing Fee" of say $1,000 for my time, or some other "Fee" for me to remove my contract and allow him to proceed with the sale with the other buyer. I don't want to drag this process out, and this wholesale deal would have made me about $3,000 dollars but if the seller can legally pay me a "fee" for my time I will remove my contract.

I'm not an attorney or a real estate agent, I am a wholesaler.

[Jerryll Noorden]

I would just tear up the contract and be happy they found a better offer. Ultimately user satisfaction if far more worth then an assignment fee.

You'll get more deals, don't get to hung up on one deal. Trust me on this one. Tell the seller, you are happy to help them in any way making sure that better deal goes through free of charge, you will tear up the contract and to call you if there are any concerns.

I know this may suck to you now but just trust me on this one.