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Updated 2 months ago on . Most recent reply

User Stats

26
Posts
7
Votes
Sonja Revells
  • Investor
  • Destin, FL
7
Votes |
26
Posts

Advice dealing with realtor and .... multiple bids

Sonja Revells
  • Investor
  • Destin, FL
Posted

I have a property under contract and a realtor wants to go under contract for it, with one of her clients.   

    He wants a 14 day inspection period, which the sellers are okay with.   My question is, how does it work if you want to keep things open for backup offers, incase this buyer doesn't want it?     

Because she's a realtor she's pushing an official Virginia state real estate contract between her buyer and my sellers..... 

but I am the one who should be giving her a contract.   Not the other way around.  She has been VERY aggressive.  

 Regardless, how does it work if a buyer comes to the table but you still want to keep the option for other bids in play?   

The seller's want to close in 60 days, so we have time.   But if we officially go under contract with her/realtor I would assume we cannot, should not keep promoting the property.   I say "we" because I have been very open with the sellers on other offers that came in below their asking price which is firm.  

This is only my 2nd wholesale deal so please bear with me. 

Most Popular Reply

User Stats

26
Posts
7
Votes
Sonja Revells
  • Investor
  • Destin, FL
7
Votes |
26
Posts
Sonja Revells
  • Investor
  • Destin, FL
Replied

You can assign one property per year in Virginia as a wholesaler. 
   Anything more than that and you have to be a licensed realtor, From what I have learned/investigated. 

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