Updated over 11 years ago on . Most recent reply
Wholesale/Retail
I have a deal under contract for $42K. I have a cash buyer ready to pay $46K (including fees). I also have another buyer who has been pre-approved for a purchase, who has offered to pay $65K for the property. I KNOW that I should close with the cash buyer, but that little bit of greed inside is telling me to take the chance of profiting $23k, knowing that ANYTHING can happen between now & closing. I already know, but......HELP??!
Most Popular Reply
Hi Scott,
What if you did a double play? First transaction would guarantee your $4K fee with minimum risk. But if you talked to the cash buyer and told him about a possibility of quick cash, he might agree to do it. If the $65K buyer can not close for whatever reason, you still made your $4K and your cash buyer can continue to march with their plans, but if you close on the second transaction, you can benefit again. Win-win!
Just a thought....