Looking for listing agent familiar with SUB-TO experience in Four Corners, FL

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Looking for listing agent familiar with SUB-TO experience in Four Corners, FL

Investor · Northern NJ · Member since 2019 · 19 posts · 4 votes

I'm looking for a local listing agent with sub-to experience for our STR property in Four Corners. Any recommendations please share.

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  • Kerry BairdPro Member
    Rental Property Investor · Melbourne, FL · Member since 2011 · 3k+ posts · 2k+ votes
    2y

    Maybe start with a title agent or real estate lawyer, and ask them for a referral to an experienced agent.  I have been attending meetups for the better part of 30 years and rarely find an agent who understands sub2.

  • Shawn McCormickPro Member
    Realtor · Central Florida-Orlando · Member since 2014 · 1k+ posts · 894 votes
    2y

    @Lily B. I’d be happy to discuss helping you out. I’ve done 3 sub/2 myself and probably have investors that would be interested in your property if it’s performing decently. 

    You can check my profile for a link to schedule a call or just PM me with some details.

  • Doug SmithPro Member
    Lender · Tampa, FL · Member since 2013 · 2k+ posts · 2k+ votes
    2y

    Hi @Lily B.. I implore you to rethink selling a home sub-to. Basically, you're signing the property over to another party and keeping the loan in your name. You're trusting someone else to pay it. I know this is all the rage, but the main guru that touts sub-to didn't get into the real estate field until 2011, so he's never been through a crash to see how, every downturn, sub-tos blow up (they do...I've been through several downturns and watched it happen). Instead, consider a contract for deed or some other vehicle that will allow you to keep control of the property if you want to seller-finance it. Please, please, please don't sign your property over to someone else and trust that they'll make your payments. For the Seller, when sub-to goes bad it goes really, really bad while the buyer can just walk away leaving you with a delinquent note, a legal fight to get the property back (remember, you're in a lien theory state, so you'll have to go through the court system), and the property might not still be in the condition it was when you sold it. I wish you well in your sale. If you have questions, I'm happy to chat. 

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