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Updated over 9 years ago on . Most recent reply

Account Closed
  • Investor
  • Antioch, CA
37
Votes |
97
Posts

MLS Scenario

Account Closed
  • Investor
  • Antioch, CA
Posted

Hello BP,

It's been awhile since I've posted anything, I've been extremely busy! I received a call from a bandit sign I put out last week. The lady owns two homes and states she wants to get rid of both due to purchasing a new home. The problem is both homes are listed on the MLS, and she's working with an agent. Both of the homes are in good condition, however one home could use a few upgrades. Is it possible to structure a wholesale deal so that the realtor can also get paid? I don't want to step on anyone's toes. Any advice is appreciated. Thanks!

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Chris Mason
  • Lender
  • California
10,792
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Chris Mason
  • Lender
  • California
ModeratorReplied
Originally posted by @Account Closed:

Hello BP,

It's been awhile since I've posted anything, I've been extremely busy! I received a call from a bandit sign I put out last week. The lady owns two homes and states she wants to get rid of both due to purchasing a new home. The problem is both homes are listed on the MLS, and she's working with an agent. Both of the homes are in good condition, however one home could use a few upgrades. Is it possible to structure a wholesale deal so that the realtor can also get paid? I don't want to step on anyone's toes. Any advice is appreciated. Thanks!

 Yes, realtor commissions come from the seller's gross proceeds from sale. Shouldn't make any difference at all. The seller promised to pay out %X in realtor commissions when it sells, that will still apply here. If you don't have a realtor and the listing agent double ends it, she will actually get paid double. 

  • Chris Mason
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