So, here's the situation: The seller's agent seems hesitant to fill out the contract I've provided (and hasn't even reviewed it yet). Instead, they've suggested creating a different contract for me to sign. I'm wondering if this is a potential red flag in the wholesaling world. Should I be open to filling out different purchase/sale agreements, or is it generally expected that sellers should sign my contract exclusively?
Wholesaler · Orange County · Member since 2022 · 31 posts · 29 votes
2y
There should be no hesitation for an agent to have their sellers sign your contract other than 3 reasons:
1. The contract is bad and looks like it was from a youtube gurus free download section
2. The offer is not appealing or the agent doesn't think you are a legit buyer
3. Their brokerage may require a state specific contract
I am guessing it is the second option, with a lot of the competition I deal with most agents don't take new people seriously as their tonality, numbers, paperwork, or really just everything is off.
I was in the same boat a year ago where agents and sellers would be a bit weary of my offers and likely think I am wasting their time or not take the offer seriously.
I guess the 4th option would be a lazy agent which is actually pretty common too.
Happy to help with any questions or point you in the right direction.
There should be no hesitation for an agent to have their sellers sign your contract other than 3 reasons:
1. The contract is bad and looks like it was from a youtube gurus free download section
2. The offer is not appealing or the agent doesn't think you are a legit buyer
3. Their brokerage may require a state specific contract
I am guessing it is the second option, with a lot of the competition I deal with most agents don't take new people seriously as their tonality, numbers, paperwork, or really just everything is off.
I was in the same boat a year ago where agents and sellers would be a bit weary of my offers and likely think I am wasting their time or not take the offer seriously.
I guess the 4th option would be a lazy agent which is actually pretty common too.
Happy to help with any questions or point you in the right direction.
Reach out to me via my website or pm!
I am just getting started and have not done a deal yet but my understanding is that #3 is common in my state, Texas. Not sure where the OP is from.
So, here's the situation: The seller's agent seems hesitant to fill out the contract I've provided (and hasn't even reviewed it yet). Instead, they've suggested creating a different contract for me to sign. I'm wondering if this is a potential red flag in the wholesaling world. Should I be open to filling out different purchase/sale agreements, or is it generally expected that sellers should sign my contract exclusively?
Impossible to answer, we do not know what your contract says? I suggest you show the deal to someone with experience and see if its even a deal.