Hi BP Family,
I am working on Buy and Hold #7. All of my deals have come from the MLS thus far. This is the first time I will be meeting with a seller directly. I am scheduled to meet with the seller tomorrow. My question is, once I see the home, should I have an agreement on hand in case I like it, make an offer, and we come to an agreement or is that to pushy? Would it be better to just come to a more informal agreement and follow up with written a day or to later.
The seller is an older woman and I just don't want to do anything that would come off as pushy or would turn her off. I can tell she has already been stressed with the process as her first words were "Are you a flipper? I won't sell to a flipper!".
What are your thoughts or what do you normally do?
Qualify the prospect in advance and confirm that, should you come to an understanding on price and other terms, there should be no reason not to enter into a written agreement. I would absolutely prepare the seller to sign paperwork... if she knows in advance there is a chance to wrap this up same day that could be a benefit.
If you don't bring paperwork you'll lose deals to somebody who does.
@Rashad Luckett Bring the paperwork with you just incase you need it, that way you'll be prepared for the best case scenario. The main consideration here is the seller and how the conversation goes, you have to be courteous but make sure that you let her know you're a serious buyer and ready to make an offer on the spot. Hope this helps
Yes! Yes! And Yes! Should you take a gun when you go hunting? Always take a contract and know how to fill it out on the spot! :)
Most of my deals I fill it out on the spot with the seller present.
Do you use the 12 page Purchase/Sale Contract?