Contracts and Offers

If i find a home that is a tremendous deal but it is listed with an agent and i would like to assign that contract to an investor, how would i go about doing so with an agent? How would i explain this to the agent? Who would pay the agents commission the seller or you who locked up the deal? Obviously you would be losing profit because of paying the agents commissionand the agent just seems to complicate things cuzz theyll say its illegal especially here in wisconsin. I see tremendous deals just looking through the realtor magazines in my local grocery stores and would like to lock these up and possibly pass them off. someone in the dg community please help answer these questions thank u.

Hello DG community,

What exactly do we need real estate attorneys for? If we will be using contracts that are provided here or using contracts from agents.... what do we an attorney for?
I asked on attorney if they "sit in" on closings for investors and the response was NO. I've asked multiple attorneys and title company reps about doing "assignments" and "double closings" and they are completely oblivious about what I'm even talking about.
I hope it's the fact that I haven't made enough phone calls yet and/or asked the right people.... I'm just wondering why I even need an attorney, especially if I have the right contracts and won't need them to rep me at closings.

Any help would be greatly appreciated,
Thanks,
B

I have a tough deal I'm working on right now. There is an investor here in CA who has a approved short sale with the bank who's looking to double close with me, I found another investor who has a buyer for this property. So how can I structure this so the investor who found the buyer and I can get paid off this deal and still keeping the bank happy?

How do you do low ball offers?
I’m having challenge getting my agent to be comfortable making uncomfortable aggressive offers of 40-60% below FMV. Should I move on to the next agent or just lower the level of discounted offers? I’m just wondering if you adjust the level of discount (40-60% versus 10-30%) DEPENDING on the CYCLE OF THE MARKET you are in.
Eg. In a declining/bottom market with lots of desperate sellers you ask 40-60% discount versus FMV. In a peak/stable market with a few desperate sellers, you offer only 10-30%. The real estate market I’m in is stable or an equilibrium of buyers & sellers. What strategy should I use?

Hi everybody I got stuck so decided to post this question in case anyone else needed the answer too. When making my offer to a FSBO, what do I say to them after finding out they have little or no equity to wholesale the deal? I obviously can't low-ball them and I definitely don't want to offer close to asking price either. I apologize if it has already been ask, I couldn't find it. Thanks, Donny.

I'm currently stuck on how to make an offer to my agent. Is there a template that I can follow or what to say to my agent?

1) Should I list out the whole break down on how I come up with my offer to the agent? Or should I just tell him my offer amount? I'm seeing conflicting information
2) Should I use coastal funding for POF?
3) How do I word my email to tell the agent I'm planning on assigning the property for x amount of days? Is the agent the one who put "and or assign" on the offer?
4) Contingency clause: what else should I advise agent to put in offer? for example, exit strategy?

Any thing I forgot?

Thanks so much!!

I live in racine wi. and there are two houses on my block that have been for sale more than 90 days possibly 1yr and they are being listed with an agent. Could i do an assignment contract for these props with am agent involved? How would u go about doing so especially if u have to pay agents commissions. i believe these props have investment potential because their in good location and commmuting distance. any advice Please help me.

Can someone explain what a double closing is?

HOMEOWNER CHECKLIST

Dear Home Owner:

Thank you for choosing ________________________________, ___________ #1 resource for short selling your property and avoiding foreclosure. The following is a list of financial information we need to start the negotiation process with the banks.

All owners present at appointment. All persons named on the title and mortgage loan(s) must be present at appointment. Out of state homeowners can either complete transaction through power of attorney or will need to have all documents notarized and have original documents mailed in.