Making Offers, Getting it Accepted but Can't find a Buyer?

[Melissa Ramos]

Hello fellow wholesalers!

For some reason I have been hitting a brick wall lately with wholesaling. Don't get me wrong, I'm still out there doing deals and all, but I get highly annoyed and discouraged when I do get a great property under contract for the typical 20 business days...and then the End buyer either walks at the last minute/I can't seem to find a reliable buyer.

I want to know your guys' experience with this. What do you usually tell the seller when this happens? Do you feel awful (I do :( ) when a deal doesn't close and you had an option contract going with the Seller?

[Tristan Chicklowski]

Why are your buyers walking away. Require them to give you an answer. Any professional investor will know why he is pulling out. If they don't know why maybe you shouldn't be working with them.

Once you have the "why". Go back to the seller and renegotiate with them. Let them know you don't want the deal to fail.

It's not you canceling the contract, it's the market. When you sit down to renegotiate. Remember it's not you vs them. It's both of you vs the market. Your still trying to solve there problems. When you a price reduction or more favorable terms (maybe both!) then your original buyer has no excuses. If they still decide to walk you know have an even better deal for a real buyer.

Hope this helps.
Tristan.