A majority of my business comes from
referrals, so I wasn't surprised when I received the following
e-mail from a potential seller who was referred to me by a very loyal
past client.
My name is
Ms. Investor, and I'm a real estate investor. I have the
property at 123 Crazy Lane under contract and as the buyer, the
contract allows me to re-market the property for a profit. I'm
negotiating the short-sale with both lenders and the HOA, on my own.
Basically, I'm doing a short-sale flip.
The original homeowner knows
this info and so will the end-user and their lender. I'm all about
full-disclosure in my contracts. Would you be interested in listing
this property for me for a 1% list fee? I'm willing to give the buyer's
agent 5% (i know the standard is 3%), but I want to incentive the all
buyer's agents. My understanding is that this place is actually a
challenging place to sell.
If these terms work for you, then GREAT.
Please send me the listing contract via docusign or email. I've
attached my contract and disclosures with the homeowner, which shows
you that I have the contractual right to re-sell this property before I
get the title. (if you're an investor, this is no different than a
consignment deal).
If this flip transaction isn't up to your standards, or it's too creative for your comfort then...Would you kindly refer me to someone else, please I was originally thinking of enlisting a flat-rate MLS service, but Mr. Loyal Client highly recommended you.
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