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Buying & Selling Real Estate

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John Ma
  • Investor
  • Arlington, VA
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Irrational sellers at reassignment closing

John Ma
  • Investor
  • Arlington, VA
Posted Nov 25 2015, 10:04

I'm wondering how many of you guys experience a seller freaking out or feel like he was cheated because he finds out you made several thousand off of him during the closing?

I know we have to drop the "I may assign this purchase agreement to another investor or partner" as well as it stated in the purchase agreement, but often times the seller may just be relieved that a purchase agreement is being generated and the rest just flys over his head.

I can understand why a seller may feel this way.  It was advertised that he wouldn't have to deal with agents taking a commission and here he sees the investors making several thousand, which could be arguably the similar to a commission of some sort.

How do you deal with people like that, and at an extreme case where the seller may even tear the contract up and threaten to get his shot gun.

Has anyone tried anything creative, other than back to back closings and double fees, that may help a transaction go smoothly with sellers like this?

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