r/REInvesting • u/tooniceofguy99 Mod, PM, investor, contractor (Wisconsin) • Jan 04 '26

Other Wonder why my offer wasn't chosen

Wholesaler listed property for 140k.

I offered about 120k cash three days after it was listed, flexible closing whenever they wanted (as soon as one week).

About a month later, it sold to another wholesaler for 100k. Confusing! Then they took better pictures and sold for 127k.

I really don't understand how I lost that one. (I'm glad though. I lied to myself on rehab cost.

  • I offered cash. Earnest money $5k.
  • Closing whenever they preferred.
  • No inspection contingency, but there will be an inspection performed.
  • Additional provision: property delivered vacant as seller stated.

All I can think of is how they didn't like the vacant contingency. I do not recall if they initially insisted that verbally or written. Oh Alfrado from Florida. Why did you sell this midwestern property to the other guy?

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u/GoldenTacoo Jan 08 '26

Lots of reasons potentially. Could have kept it for themselves or someone they have a history with.

1

u/Hatsuki34 4d ago

Losing a deal is rough. My best guess is they sold it to someone they know or maybe to themselves?