I take the competition as a good sign.  

Then as a wholesaler once you find your end buyer you would have them sign a assignment contract meaning your assigning your equitable interest in the property you have under contract.

If the market turns down, sign me up for the latter; if it turns up, sign me up for the former.

When a property is listed the agent actually has a form to be signed and agreed to by the seller which specifies how and where the property will be marketed.

There were a bunch of children playing in the street, which I take as a good sign, but I ended up passing on it because the surrounding area just seemed so run down.

There is a FSBO sign in the front yard.

You can't add anyone to the contract after it has been signed, you can double close. 

With some contracts even if you sent it but have not been provided conformation that they received it you can send another document cancelling the agreement.Really at this point you definitely need an attorney to see what you have signed or not signed and what has official acceptance and how you might get out of it or renegotiate the deal.No legal advice.

I just signed up as a new PRO member today and wanted to introduce myself to all of you.I've been a basic BP member for some time now, but after listening to the BP podcasts over and over again nearly every day I finally figured it was time to "go pro" now that I've decided to take my real estate wholesaling and investing business to the next level.I'm looking forward to meeting as many of you as possible and learning from the other PRO's on the site.

I also always tell any new PM that I reserve the right to exit their management if I am not happy so will not sign a fixed term PMA.