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Wholesaling

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O'Neil Mbakwe
  • Rental Property Investor
  • Austin, TX
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30
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Wholesaler Dealing with Cash Buyers

O'Neil Mbakwe
  • Rental Property Investor
  • Austin, TX
Posted Jul 21 2019, 13:03

I came across a cash buyer whom I’ve never done business before. They were interested in the property I had, but before depositing any earnest money, they wanted to see the resale contract that I made with the seller. They told me that they’d like to see that there was an actual contract. Sticking to my guts, I declined, offering to show them the open title commitment proving that I in fact have an ongoing contract to the subject property. They still insisted I show them the actual contract. I was transparent on how much I’d be making on the deal, but I still declined showing them the actual resale contract. Why would cash buyers want to see the actual contract when the open title commitment is readily available? Thanks for all the responses.

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