Talking about contract terms when planning to assign the contract
How do you share information with your sellers when you are planning to assign a contract to another buyer? Do you disclose to your sellers that you are going to be selling the home immediately to another investor and ask them if you can show their home? We have 2 homes currently under contract and some of our buyers are asking to look at the homes and our sellers are questioning if we are reevaluating the deal? I informed the sellers while signing the contract that we would like access to the home before closing to bring in some contractors and also to bring in some other investing partners to look at the house. They agreed at that time that would be okay. But now they are questioning what we are doing?
So main question... How do you talk with your sellers in the very beginning about showing their home to other investors before closing?
Thank you!
Most Popular Reply
Or you could just tell them exactly what you are doing and that you need to find a buyer (assuming you can't close alone). To find a buyer, you need to show the house.
If you can't close yourself- be upfront with how you can help them and exactly when you need them to do. They have a problem- you have a solution (that is outside the box for most people) so be super transparent on the front end to avoid stuff like this on the back end.