What are some questions that you feel are appropriate to ask buyers when building a buyer list?
Are you the buyer or a broker?
Are you paying cash or will you require financing?
How fast can they close?
Can they provide proof of funds?
The last may seem personal but you need to weed out the tire kickers.
Pardon my ignorance, but what is the difference between a buyer and a broker?
Another wholesaler
So then what difference would it make if they are a buyer versus a broker?
Another broker is looking for a cut of your deal. If you don’t have a buyer, you may want to work with another broker, but realize they are going to be taking more equity, so it could be less appealing to another buyer.
I see, thanks for the advice. I had no idea and I’m glad that you shared this information with me.