All Forum Posts by: Josef Roberge

But if the trust name is indicated on the contract, who signs? There are 3 equal owners. There's multiple spots throughout the contract where it says "The Spratling Living Trust" and just 1 signature line.

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"A Trust name is not party to a contract, it is not a legal person as a corporation is. The Trustee is the proper signatory. "

Well this properties deed is under "Spratling Living Trust". There are three co-owners with 3 different last names.

So how does escrow/title company know that these 3 are the three owners of this trust? How is ownership confirmed?

Should the trust name be anywhere on the Purchase contract?

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One option is to just submit an offer to them contingent on getting to view it. By law, the agent is forced to present it to the owner, and the owner may then direct the agent to show the property.

(That's if the investor was willing to do so. Sounds like not.)

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Originally posted by @Paul Hitchings:

You will have to explain to the sellers the following; The key to selling a home, is for the buyer to envision themselves living there and enjoying their new life. The more traces of "owner" that are present (including but not limited to the owners themselves), the harder it is for new buyers to see their future.

In other words, you convince sellers that to get the most value, it is advisable that they are gone when people look at the home. Some sellers, despite your best reasoning, will insist on being home. Okay, just be present with your buyers, keep things short and sweet, no big deal.

For added effect, tell sellers to put as much of their crap as possible in storage. Like everything. Every piece of art, every piece of furniture, as much as they can stand to get rid of. No matter how nice they think their stuff is, better to have a blank wall than a picture of Aunt Betty. Now many sellers don't want to live like this, but every little bit helps in the real estate game. I ain't sharing no rookie tips, these are pro LPTs and are only for those with fire in the belly!

I like that one. Always can be difficult to get owners to not be present. "The key to selling a home, is for the buyer to envision themselves living there and enjoying their new life. The more traces of "owner" that are present (including but not limited to the owners themselves), the harder it is for new buyers to see their future. "

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Location, location location!

It's all dependant on the city. A small town, or rural area, fairly quick and easy if it's just a renovation. New construction will take a couple months. If it's somewhere like San Francisco, it will take 1.5 - 2 years easily.

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Welcome! I'm new as well, noticed you're from Oakland. Oakland is certainly a great place for rentals, it's been booming because of SF and hence getting pricey too. A lot of people that can't afford to live in SF, now live in Oakland and commute over each day. It's been crazy watching the change the past 6 years, all the new apt and condo buildings, attracting millennials. Anyways, I'd start off with a house too, versus a small multi-unit building.

1 Vote

All Forum Posts by: Josef Roberge

Josef Roberge has started 4 posts and replied 16 times.

Post: If a Trust Can't be Party to Contract, How Are Owners Confirmed?

Post: If a Trust Can't be Party to Contract, How Are Owners Confirmed?

Post: Altering Your Proof of Funds for a Viewing?

Post: What if I can't get a buyer after I try to wholesale.

Post: How long do plans, permits, and approvals take?

Post: Newbie from Oakland, CA