Contracts and Offers

How can I protect myself if I am selling leads. Most of the investors I spoke want me to give them the lead and if they close on it they will pay a finders fee.

Can someone point me to a contract that will protect me from someone trying to get over on me?

What if I get a lead and the investor saids, "Hey, I already had this lead."

How can I protect myself when selling leads for a finders fee?

If you are a real estate agent who lives in ATLANTA and have successfully worked with a wholesale investor on a deal, please contact me.

I need someone to explain to me and my agent how the offer process works..

I am aware that the agent pitch's the offer to the sellers agent but how do we word the offer to keep us in the clear 90 days of paying earnest money ? Also do we assign the offer ? or could we just draft up a new purchase agreement with our buyer and create an invoice or Investor Disclosure Notice ?

Please ATLANTA AGENTS share your thoughts.

Don't agents have some legal responsibilities to adhere to when quoting bottom line prices? My agent told me that the the bottom line price that was quoted from the seller's agent was 330K. The ARV was 482k. I made an offer of 330K and it was rejected. Apparently, the agent did not have direct consent from the seller to quote that bottom line price of 330K. Isn't that agent liable for the price quote regardless of whether they checked it with the seller? What does that say about "my agent" for not knowing better? This was my first offer.

Greg

"Great Single Family, Pool Home (non-opperational). Three Bedrooms Plus a Loft. Master is Downstairs. Garage Has Been Converted to Additional Living Space. Extensive Ceramic Tile. Fireplace in Family Room. Fenced Yard. Cental Location. Skylights are Currently Tarped. Seller Will Not Make Any Repairs. All Offers Are Subject to the Seller's REQUIRED Addenda (Generated at Offer Acceptance.) The Seller WILL NOT MAKE ANY REPAIRS. Buyer to Verify HOA (if Applicable), Room Dimensions, Lot Size and Taxes. If Offer is for Financing, Buyer is Responsible for the Cost of ANY Lender Required Repairs. Property is Sold AS-IS with No Repairs. This is NOT a Short Sale. If Offer is Cash or Investor Contract Is Not Contingent on Inspections.

Please is there a Real Estate Agent on this site who can help me explain to my Agent the process of how to do Assignment / Wholesale Deals with my Agent.

Me and my Partner have an Agent who's on board but she doesn't know how the process works. She is willing to learn though.

Please Real Estate Agents respond with advice.

Thanks,

I know where to get the POF letter, but what if a bank statement is also requested? Does anyone know a way around this or what to do?

Thank you,

Jenn

A property I have under contract is not getting sold.. I think the problem is most of my investors don't know where this little town is or it's too out of the way.. but for whatever reason, it's not appealing. It's a brick duplex that just needs minor repairs. Asking price $30,500 which includes $3000 profit to me. Well, now the owner is thinking about asking 1/2 or close to 1/2 down and financing the balance for a year. How do I work my profit into this so that I get paid up front? My creative thinking cap is broken tonight!!
shirley

The concept of an arm's length transaction commonly comes into play in the real estate market. When determining the fair market value of a piece of property, the price for the property must be obtained through a potential buyer and seller operating through an arm's length transaction, otherwise, the agreed-upon price will likely differ from the actual fair market value of the property.

For example, if two strangers are involved in the sale and purchase of a house, it is likely that the final agreed-upon price will be close to market value (assuming that both parties have equal bargaining power and equal information about the situation). This is because the seller would want a price that is as high as possible and the buyer would want a price that is as low as possible.

What is a cooperative Lease Option?

Do investors purchase the rights to Lease Option Contracts/Deals that are already setup?

Hello everyone, I am about to make first official testing offer: I am in Florida so there is Escrow in the amount which it's right to check on deposit money.

1. accompanies offer
2. is to be made unon acceptance (effective date)
3.is to made within 3 days after effective date.

on the contract for ale and purchase agreement, which one will be best, and how much will deposit be if the offer of the purchase price $45000.00?

Thanks for helping me.