Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

41
Posts
3
Votes
Brandi Paul
  • Residential Real Estate Broker
  • Orange County, CA
3
Votes |
41
Posts

Short Sale Flips-MLS info

Brandi Paul
  • Residential Real Estate Broker
  • Orange County, CA
Posted

Hello,
I have a question regarding what information is best to disclose in the agent only remarks section of the MLS listing when listing a short sale flip. Do you note that it is an investor flip? It seems to cause confusion with agents who look up the property and see that is has a NOD or NTS but isn't listed as a short sale because an investor has already contracted to purchase it and is having it listed to find the C buyer.
Any advice and/or experiences shared would be much appreciated.

Most Popular Reply

User Stats

194
Posts
46
Votes
Corry Taie
  • Menifee, CA
46
Votes |
194
Posts
Corry Taie
  • Menifee, CA
Replied

I have it listed, then when I get an offer, I ALWAYS counter back & let the know 2 things.....

1) Contingent upon acceptable s.s. acceptance to seller & successful closing of sellers previous transaction.

2) Seller to become owner of record prior to closing of this transaction.

Loading replies...