All Forum Posts by: Shawn Clark

@Greg H.  very very few..  however to be quite frank a lot of my clients use these guys and gals.. so in essence I am funding them I just don't have to deal with them. by the time the file gets to me its just ready to fund.

@Tom Gimer is it standard practice to mail or e mail a copy of the prelim or title commitment to buyer and seller and have them initial that they read them and understand them.?   Or do you just tell your client " I checked the title for you and your good to go " and they simply take your word for it.

I agree closing on East coast is totally different than what we do.. AGENTS RARELY handle deposits.. I know when I owned my brokerages I refused to have a trust account.. and like I said I have not seen a EMD check made out to a broker in Oregon in 20 plus years of doing deals here.. its ALWAYS made out to the title company and or sometimes the seller directly.

I know the stuff I do in Chicago its crazy agents there just hand the contracts to attorneys then duck and cover.. they don't even negotiate addendums and inspection reports half the time.. LOL... And god forbid the average resi agent even has a clue how title and escrow works... So now you have buyer and seller.. they each have and agent and they each have their own attorney.. throw in a lender or two and you simply have too many cooks in the kitchen frustrates the bejeezious out of me half the time.

Hi Karen- I’m up in NE PA and closed on my second cash deal 2 months ago. The process was fairly simple and worked out great. The owner listed the property via newspaper and after reaching out to his Ad and taking an inspector through the building, we agreed on a price.
I then called the title company that did a previous deal for me (with a realtor) and told them I was buying a house direct from a seller without realtors.
They sent me a boiler plate sales agreement which I filled out and sent to the seller. He signed it and sent it back to me.
The rest was like any other closing, we ran title and 10 days later met at the title office. I provided my title company a cashiers check and they provided the owner with his check.
Done deal 😁
Is there anything specifically you were wondering about?

@Cole James To find any type of consistent lead stream, you need to be marketing, which means you need to be spending money. On average it should cost $3000-5000 in marketing per deal in the DFW area. Maybe a little less if you focus further north of where you live.