Contracts and Offers

Every states laws are different. I need to know if anyone has copies of the assignment of contract contracts that are legal to use in the state of Florida. Thanks.

One of my biggest obstacles is I build such great rapport with all my customers that I have to VERY CONSCIOUSLY make an effort to figure my numbers w/o letting the emotions play a part. I DO that but often it is a struggle for me!

I get so many older customers because this is a HUGE retirement mecca. Many are getting into failing health or just wanting to be closer to the grands and their children. But many of them don't have much besides their investment in their home to fund setting up in a new place.

Im the kid, rock bottom with no experience and i feel like this is my biggest fear contracts and offers if someone could give me some good advice on how to go about it. it will be greatly appreciated

There are 2 types of agents out there. You have a listing agent and a buying agent. The listing agent is, of course, the agent that lists the property. The buying agent is the agent that helps a person buy the property.

I have found that many buyers/investors think they can save money by dealing directly with the listing agent. There are 2 reasons why I think this is not a good idea. First, the buyer is not under contract to pay the agent his/her commission. The seller pays the commissions to BOTH agents. However, when you cut the buyer agent out of the equation you do not help make the deal more profitable. All that happens when you cut the buyer agent out is make the listing agent very happy because they will end up getting paid double commission.

Hello DG Family,

I had ran into a problem a few days ago where I tried to put in a offer on a property and my real estate agent transfered me to the person that he works for, I think he was an agent as well. He asked me before I put the offer in I need to send him Proof of Funds and a picture of the $2500 escrow fee check.

The agent that I am working with is sending me great properties, but I feel that I cant put offers on any of them until I send the escrow fee check pictures and proof of funds. I'm trying to do the no money down 25:1 technique but this is in the way of doing it at a fast pace, should I get a new agent and start over? If there is another way I would like to continue working with this agent.

Thanks!!

Buying a new home or an investment property is exciting. We’ve gone through a long process of search and home viewing. In research we’ve checked out many homes, their condition, neighborhoods and prices in various areas. Tramping through homes with our real estate agent even began to get old. We’re excited about submitting our initial purchase offer. As do many other buyers, we may even ask for guidance from our real estate agent about how much to offer versus the asking price.

Real estate investors are in the business of profiting from real estate transactions, whether flipping or long term rent and hold deals. A fundamental requirement for profitability is the calculation of the current market value of the property they’re considering buying or selling. Real estate professionals do this every day with a process they call a CMA, Comparative Market Analysis. Here are the basic components of this valuation process:

Subject Property: For our example here, you’re considering purchasing a home for a long term rental investment. You take down all of the facts about the property and its characteristics and features. This includes number of bedrooms, baths, garage spaces, square footage and lot size.

Foreclosed and distressed homes frequently have significant repair issues. They can also be plagued with “functional obsolescence,” floor plans or other factors that do not fit current lifestyles and should be corrected or value and resale will be impacted negatively. However, in most cases it is things like painting, new windows, energy efficiency modifications, flooring replacement, new roofing and other major repairs that are necessary.

Many real estate buyers are not up-to-date with the changes in the real estate representation laws and practices in the last 20 years. In the “good old days,” the real estate agent showing you properties actually worked for the seller as a sub-agent to the seller’s listing broker. In other words, they worked for the seller and could not tell you anything that might damage the negotiation ability of the seller. In fact, if you told them something that would help the seller cut a better deal with you, they would have to tell the seller.

I'm getting into a contract with a realtor and im going to wholesale it to one of my buyers. I need someone to look over the contract he gave me because i dont have money right now for a lawyer to look over. Anyonne please email me and i can send you the contract. Thank you so much guys
qsolan@****