Contracts and Offers

I found a seller and buyer through craigslist. Now that I have the to essentials to start a deal what do I do next. How do I go about charging my finders fee? I am in desperate need of a mentor...please help. Im fairly new to this but I have the drive and to will to succeed in being really successful, just need help closing my first deal! Im willing to share my profit with who ever is willing to help me!

I recently submitted several offers to a Real Estate Agent on properties she had emailed to me. They were an offer only (not an agreement to purchase). She stated that the offers could not be presented because: 1. My offer required earnest money, 2. My offer needed a pre-approval letter from the bank, 3. My offer needed proof of funds, and 4. My offer must be on their SPECIAL FORMS. How can I get her to understand that this preliminary procedure is done prior to a formal agreement to purchase.. And that the requested information will be part of the purchase agreement on the offers accepted.

I recently submitted several offers to a Real Estate Agent on properties she had emailed to me. They were an offer only (not an agreement to purchase). She stated that the offers could not be presented because: 1. My offer required earnest money, 2. My offer needed a pre-approval letter from the bank, 3. My offer needed proof of funds, and 4. My offer must be on their SPECIAL FORMS. How can I get her to understand that this preliminary procedure is done prior to a formal agreement to purchase.. And that the requested information will be part of the purchase agreement on the offers accepted.

I am fairly new to the real estate world. Im a current graduate from college and Im currently reading dean's real estate milliionaire book. Im trying to get started in bird-dogging and I have a few questions: where can I get an assignment fee contract from? How do I go about negotiating the fee to the buyer?

Has anyone in California used the Assignment of Contract and Purchase and Sales Agreement on this website and it worked.

My husband and I wanted to know if anyone in California has used the forms to do an assignment that is on this website and they worked.

Hi all,

I am looking for a contract that would be done with a seller that would allow me to purchase their property at any given time, within certain dates.(the ending date could be extended.) This contract doesn't deny the seller the opportunity of selling to someone else at any given time or listing it with a realtor, if that is their desire. It gives me a contract to advertise the property for sale and assign it or the contract to the buyer. I was just wondering if anyone has seen any such contract or if I need to write one up and have it checked with an attorney.

Blessings,

Vincent(footsoldier)

Hi,

OK. So here is where I am at today.

I have made an offer for a 4 unit individually deeded property for 258,900.00.Initially I offered full price (what he owes on mortgage) with 8% interest with a 5 year balloon. Monthly rent income is 2941.00, monthly mortagage is $2,699.30. ($1,899.72 principal & interest + $702.58 real estate taxes + $97.00 property insurance). Which gives it a positive cash flow of $241.70.

All units are rented but the guy doesn't want to do the deal I initially offered, he wants to do a Land Contract with terms...

Addendum “A”

Responsibilities of the Buyer

1. Maintain exterior landscaping of the premises

When writing Real Estate Purchase Contracts, you should always make sure that you protect yourself through contingency clauses within your contract. Real estate practices differ widely throughout this country. Local customs and local legislation often dictate what your rights are. For all practical purposes, the Latin phrase "caveat emptor" -- let the buyer beware -- should be your guide.
Keep in mind that the buyer generally presents a written offer to the seller. The seller at this point has three choices:
1. The offer can be accepted in its entirety;
2. The offer can be rejected in its entirety, or
3. The offer can be countered by the seller. This counter-offer then becomes a new offer to the buyer, who then has the same three choices.

Hey everyone,

How does the expression "price or terms" apply to negotiations? How can you work out a deal to be profitable for yourself, if you're not getting the price you hope for? Your feedback is appreciated! Thanks!

Vincent