Orlando, FL · Member since 2014 · 152 posts · 54 votes
Going to look today at a home, in a great part of Central Florida ( In between Winter Springs and Tuskawilla ) I really want to get it under contract today. IIve read as much as I can find about the process on BP ...
Is it really that easy? Writing a contract on a Hardees napkin? On a yellow pad? $20 of earnest money? Im afraid Im missing a big part of the process, and I dont want to look too foolish making this offer.
What should I be expecting when the words "Id like to put this under contract" come out of my mouth?
@Patrick Jacques can you get a residential resale contract copy and take it with with. Only fill out the parts you understand and then let a professional protect you with all the other parts. A Realtor would be good or the closing company you choose. Good Luck.
Well, I didnt even get that far. Hoped to get the house under contract but the realtor looked confused when I made the suggestion. I guess I have a lot to learn. It's a lot tougher than the guru, and even BP makes it out to be!
I'm confused. If you are working with a realor, why are you worried about all of the steps that they would normally handle like creating the contract? Are you trying to buy off MLS or are you working a motivated seller directly?
Im confused too, thats why Im on BP. Its a bank owned property, from the MLS only listed for five days. We're trying to get this place however we can, although it wont be easy. But I have to start somewhere, ready to learn from our mistakes ( hopefully mistakes that wont cost too much )
Hey, @Patrick Jacques how's the deal coming along? I know that we're both beginners but let me know if you need someone to bounce ideas off of. Did you meet up with your realtor or the seller's agent?
@James Johnson Hello sir! Not very good! The realtor looked puzzled when I was looking to get the property under contract. I guess I need to read more books and listen to more podcasts! Getting out there and doing deals sounds all well and good until you're face to face with professionals in a serious deal. Then you just end up looking foolish.
Patrick it sounds like you need a relator who understands your business and what you do. If you are working with a good one then they should be writing the contract for you.