Updated over 10 years ago on . Most recent reply
Negotiating with buyers as a wholesaler
A cash buyer just made a verbal offer which I verbally accepted and we shook on, then I sent him the contract and he saw how much I was making. Now he says "I just ran the numbers again" and now his price is of course lower and he "doesn't remember" making a firm offer at the price we agreed on. Other than double closing, what can I do to make sure this does not happen? Have the buyer submit their offer in writing and swear they have completed their calculations and investigations on an "offer sheet" which I will then turn into my contract?