Posted by Joe Guido on April 21, 1999 at 07:46:40:
In dealings with prospective buyers refer to the ownrs as, “occupants”. If the buyer asks you if you own the house, tell them that you’re an investor who buys and sells houses and that you have a contract to purchase this house which gives you the right to market it. In that you’ll be taking title you have the right to create owner financing. They shouldn’t care anyway, they just want the house and a deal that works for them. Why would you have to disclose your option price to your buyers? It’s not something that should concern them and if it does they are not your buyers. You only wnat to deal with motivated buyers and sellers. Control the deal.