General Wholesaling question

[Raymond Weston]

I was wondering; if anyone else creates a binder presentation for their Real Estate Purchase agreement? In other, do the 3 hole punch on the documents, and then place the contract in a 3 ring, 1" binder, for easy access. Am I the only person that does this; or is this common practice?

[Alisa O.]

Hi Raymond, if it keeps you organized and it helps you in any way without harming the process, it's a good idea. If I don't know how to proceed in a situation when another person is involved, I usually put my self in their shoes. So, let's say I was the motivated seller and had a few buyers give me offers. I would go with the most organized party, all other things being equal, because of the perceived confidence that even if they are not experienced at least they are organized. In any business or situation it's half a battle. In the situation where I really needed to sell, I would also go with the offeror who is more organized even if the less organized person is offering a few thousand more. I wouldn't want to loose the deal/ time/ momentum over a few thousand just because the buyer can't find needed docs and the closing is in the hang up. So, have your folders and file away! You look more professional, too.