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What? A Seller Upset? Nooooo….
By Tracy Caywood | July 10, 2008
This is one of my personal NON-Favorite events of wholesaling houses, and I am definitely going to add it the “Real Life” Wholesaling lessons!! It’s when a seller has selective memory. I always make it perfectly clear that I am going to assign my contract (that’s not how I explain it to the seller), but nevertheless……they know up front that I will not be the end buyer that comes to the closing table. And they’re always like “okay, that’s cool”.
I don’t necessaarily go over my marketing plan with them in detail, but I do let them know that i have buyers and that I WILL be selling their house to someone prior to closing. Well in this instance, on our new contract on Champion Avenue, the seller discovered that her property was being advertised online through our various marketing methods. Evidently, someone spray painted some graffiti on the front of the house in the last few days, and she found it a coincidence that it happened since I had just gotten the contract and started “pimping it out” on the internet.
I thought, from the seller’s message, that I had lost the deal. But then I took a deep breath and called her on the phone to clarify, once again, how I handled my business. She calmed down a bit and we ended up renegotiating the terms of our contract to an even LOWER sales price once she understood what my intention was. So, all in all, it didn’t turn out oo bad.
Out of the three properties that we have under contract in Columbus, THIS ONE, is by far my LEAST favorite - LOCATION AND CONDITION are not playing in its favor. So we’ll see………..
Topics: 910 S. Champion Av |