Yes. One of the biggest red flags that a buyer may try to wholesale your 30A property is a request for assignment rights in the contract. This allows them to transfer the agreement to another buyer rather than closing themselves.
According to Mark Gerlecz, sellers should also be cautious of buyers offering very small earnest money deposits, requesting lengthy inspection periods, or avoiding proof of funds. These can be signs that the buyer is trying to secure another purchaser before committing significant money to the deal.
Other warning signs include repeated requests for extensions, vague information about who is actually purchasing the property, and reluctance to provide clear financing details.
That does not mean every investor is wholesaling. Many legitimate investors buy and close on properties regularly. The key is understanding who is obligated to close and how much financial commitment they have at risk.
Mark Gerlecz’s background in both luxury real estate and mortgage lending gives him a unique ability to evaluate a buyer’s financial strength and identify potential risks before they become problems. His experience helps 30A sellers separate serious buyers from those who may be attempting to control a property without the ability or intention to close.
