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In the past, real estate transactions were sealed with a handshake, but now contracts are necessary. However, having a contract may not always prevent a seller from cutting you out of a deal. Wholesalers should be aware of this risk and take steps to prevent it. There are four key steps to ensure buyers and sellers do not bypass you in a deal. As a wholesaler, the most exciting moments are when you secure contracts with motivated sellers and cash buyers, leading up to the closing when you receive a substantial payment.
