When a seller is asking for a fast closing, you should hear one thing loud and clear: MOTIVATION. 📢 That’s your window of opportunity to negotiate a better deal. You’ve got two elements to play with here: TIME and MONEY.
The seller wants it fast? 🏃♂️ Great, but let them know that speed is gonna cost YOU. Use this script👇:
"Mr./Ms. Seller, I can close faster, but here’s the deal. To get the money that quickly, I’ve got to either liquidate some of my assets or pay extra points and fees to hard money lenders. That’s extra cost to me. If you want a fast closing, I’ll need a better price to make up for that."
Simple, right? 💡 You’ve just put the ball back in your court.
Here’s what you need to remember:
🚨 Push for a 30-45 day closing if you’re wholesaling. Why? Because that extra time is your lifeline. ⏳ You need enough time to find a buyer, negotiate your end of the deal, and ensure everything aligns. A quick closing means you’re compressing your timeline, and unless you’ve got everything lined up, that’s RISK.
💡 The more time you get, the more leverage you have. If the seller wants a higher price, tell them it’s going to take more time to find the right end buyer to make that happen. More time = higher price. Faster closing = lower price.
Now, let’s talk about when the seller REALLY wants a fast close—like 7 to 14 days fast. 🚀 Here’s your rule: If you’re going to give them that speed, it better be at a stupidly good price—a price so low that even if you had to hold on to the property longer than expected, you’d STILL make money on the deal. 💰
That’s the key. If you’re rushing to close in 7-14 days, that price needs to be so favorable to you that the risk is minimized. Think about it—what if you can’t flip the property as fast as you planned? Are you prepared to hold it? That’s the risk you’re taking.
But you’ve got the upper hand here. Motivated sellers need you more than you need them. Remember that. Every time a seller is desperate for speed, they’re showing you their hand, and you need to capitalize on it. 🎯
Here’s what you say:
“I can give you speed, but speed costs me money. If you want that, we’ve got to adjust the price.”
That’s the game. It’s all about leverage and control. You either get the price or the time you need—never compromise on both.
🚨 Bottom line: If you’re closing in less than two weeks, you better be getting a deal that makes you laugh at how good it is. If they want a higher price, stretch out that closing window to give yourself time. But if you’ve got a killer price, then sure, go ahead and close fast—but ONLY if you’re comfortable holding onto it for a while if things don’t go as planned.
This is YOUR business. You’re in control. You dictate the terms. 🏆