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Commercial Real Estate Investing
Account Closed
  • Full-Time Investor
  • Charlotte, NC
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preselling a flip?

Account Closed
  • Full-Time Investor
  • Charlotte, NC
Posted Oct 28 2012, 12:51

this is a new one for me, and wanted to see if anyone else has experienced this, or at least has some ideas... had a flip go on the market, and right away we got a few offers. we're under contract currently, but the backup offer, found out i'm about to start another one just 2 blocks down the road, and have expressed interest at purchasing for the same price before i have even started. i'm not quite sure how to structure this. i don't want them to see the current condition of the home, as i'm not sure if they'll be able to vision the final product, so i haven't given them the exact address yet-just the street. also, it's a little different than new construction, in that not everything will be replaced and brand new. i really don't like the idea of the buyer micro managing the jobsite, and saying he doesnt like this piece of siding or old trim (it's a historic area and i try to maintain the charm by keeping the siding and trim if possible, etc.) any ideas on how to accomplish this?

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