They want to sell, now what?!

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I sent out some letters because we were looking for our first property. They called back and want to sell. We already signed a contract on another house, but I want to go look at it and maybe wholesale. The problem is, we weren't ready. We don't have a contract to use, we don't have buyers and we've only been to one meeting of the Sarasota REI group. I'm going to try to look at the house tomorrow and see what the seller is trying to accomplish, but after that, I'm at a loss. Any advice? Frankly, I'm petrified.