Texas - Closing Service Only (have you heard of this)
Has anyone ever heard of or offered at their brokerage a "closing only" service for a set fee? I have an investor who likes to find their own deals and negotiate the contracts directly with the seller but does not want to keep up with the title company and banks involved to keep the closing timeline. I am wondering if anyone has seen an arrangement for a set fee where maybe a transaction coordinator takes the transaction after the contract is signed to get it across the finish line. Have you seen of a brokerage / PM company that offers this? Thanks!
Most Popular Reply
If the person is already negotiating and finding deals there are two options in my opinion:
1) Hire a good real estate attorney and have them on retainer...pay a flat fee for looking over the contracts and doing title work
2) Work directly with a title company and offer to pay them a higher fee to handle transaction coordination.
I think option A is going to yield better results but I would imagine both of these are doable