All Forum Posts by: Eric H.

bumping post

 Yeah Brent, you are right it can be done. Forgive me for the misinformation. I never bother because of the juggling mentioned in your referenced thread. Thanks for the clarification.

@Greg Smith You can send it straight to end buyer. No worries if you have a valid purchase contract with seller. I send end buyer a copy of purchase contract along with assignment contract. I would follow up with the title company in a couple days to make sure everything is going as planned. You also need to give sellers info to title company in order to coordinate ideal closing date, time, and location for all parties involved.

Hope this helps!

Sincerely,

E. Harris

@Russell Brazil Wow! Great ideas. I was under the impression you couldn't do anything as the agent (painting, landscaping) to help sell the house. Is this true? Can you make improvements (updating bath or kitchen) too?

@Collins Broun Is your license still active? Are you working the retail side of the business with it? That is a way to get skin in the game. Will your broker allow you to do 'floor duty'? Any leads that come in the office while you are there can go to you. 30-35 hours is plenty of time! Find some flippers here on BP that are working in your market, take him/her out to lunch, and explain your goals and how you can help that individual grow his or her business. Drive around your target market, find a property being actively rehabbed, walk on the jobsite and ask to speak to the owner of the property or project manager. Real estate is a relationship business. You are definitely at the right place to start building those relationships by being here on BP. Set up your keyword alerts for topics that interest you. Make sure Atlanta is one of your keywords. Also use the network tab to find active investors in your area.

I wish you the best!

Sincerely,

E. Harris

Owner finance deal won't work if seller owes mortgage. If you are looking for owner financed deals look for sellers that own property free and clear, have no mortgage. A good book on structuring owner financed deals is Owner Will Carry.

Hope this helps!

Sincerely,

E. Harris

@Percy N.

@Russell Brazil

@Leigh C

@Maggie L.

@Brett Synicky

All good points guys. Thanks for the prompt responses. I am a new agent and taking the listing will prove to be beneficial to help me escape the land of obscurity ;-) Russell what type of marketing are you doing for $500-$1000?

Greetings BP Fam,

Seller wants $375k walk away (after commission and fees), doesn't want to offer buyer any subsidy. Sold comps identify $300k is more realistic, other sellers are offering buyer help.

Caveat: desirable area of harford county, md. Not many homes come up for sale in this area (found 4 good comps, 1.5 mile radius, 3 sold in august '15, 1 in december '14) and 0 foreclosures in the past 4 years (is scarcity a reason to justify higher price?)

Is it worth my time to work with a seller that's not willing to come down on price to be competitive with what's in market? Should I just enter into a listing agreement with seller and see what happens?

Thanks in advance!

Sincerely,

E. Harris

@Bill Gulley The way in which you respond makes a little more sense now. ;-)

@Mario T. If buyer cares about his or her reputation in the real estate community it will not be in that individual's best interest to 'steal' a deal. Also your signed contract with the seller is your protection. Do not market a property that you don't have 'control' over. No I just don't wait until closing. A number of things can go wrong between signing of contract and closing that will prevent you from getting paid. I follow up with the closing attorney/title company at least once a week to make sure everything is going as planned.

Happy investing!

Sincerely,

E. Harris