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Attorney and Title Companies Makin' Offers Wholesaling

Today will be productive

Sooooo I have a meeting at 11am with the attorney that a local wholesaler referred me too. And at 1:30pm I have a meeting with a title company that a lady I wholesaled a house to referred me to.

I’m 100% positive that one of these companies will be my next go-to title company in the area.

I made an offer last nite. 🙂 I wanted to make 2, cuz I only got to see 2 properties……..but I called the agent and asked for the corporate addendums and she still hasn’t called me back. Annoying. That’s what I don’t get about agents……do you or do you not want to sell your listings? Then return your friggin phone calls!

An agent called me late last nite saying her clients wanted to make an offer on one of my listings…I said well they better do it now because it’s going to sheriff’s sale tomorrow. True story, btw. I called the bank in the mean time to try to get them to postpone the sheriff’s sale for another 30 days or so and I had to RE-FAX a current version of the short sale package (this is the 3rd time mind you, I just faxed them the 2nd current version last month grrrr) and they said after they get that, they can’t promise anything but they will take a 2nd look at the house. We shall see.

Oh so when I said I only saw 2 properties…..the reason was I have a whole list of properties to check out but they are all over the place…I think I’m going to take the approach that Steph and others suggests and just pick a certain city or what have you and just work solely in that area. When I do the cash sales over 30 days (mind you it doesn’t matter what 30 days ever) it’s always 2 cities that come up none stop. One is a 40k to 80k city and one is an 80k to 125k city. I’m concentrating for now on the 40k to 80k city.

And Scott….thanks for the lil reminder that I should FOCUS…..I am definitely going to focus on wholesaling and I’m not going to dabble into probates for now. I’ll still do the bandit sign thing because well I don’t mind them too much and because well I have them and they’ve made me a shit load of money in the past lol

So thanks everyone….just so ya’ll know I DO LISTEN (sometimes….and sometimes I don’t 😉

Oh yeah and one more thing…I just got an email saying one of my offers last week is a “back up” offer. Pffft! Plus, I just saw a place that I offered on last week, which was in multiple offer status last week, the price just dropped. So I emailed the agent to find out what the heck was up? I know this agent personally, as I bought her and her husband into Keller Williams (they are still in my down line.) Plus, my 2nd single family house I bought from her hubby.

Flippin’ Carey

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Closing Your Deals How To's Must Read Posts Real Estate Investing

How to Sell Your House Quickly – Part 4

Yes! You have found a buyer who wants to write up an agreement on your house. Let’s see what you do now.

When You Find A Qualified Buyer
After you find a qualified buyer you want to write up an agreement of sale. I’m going to assume that you don’t know anything about an agreement of sale or about how to fill one out. With that in mind, my advice is to then NOT DO IT.

    You should have a competent real estate attorney that you use to help you draw up an agreement of sale and that helps you with all of the rules and laws associated with selling your house (like fair housing laws, seller disclosure forms, etc.) The real estate attorney can even do the closing for you and your buyer (they will take care of EVERYTHING associated with getting your transaction done and getting you your check in your hand.)
    To find a competent real estate attorney in your area you should ask other investors who they use. Also, it doesn’t hurt to call local real estate agents to see who they may recommend.
    If you know how to fill out an agreement of sale then you should have a title company that you want to work with to get your transaction to the closing table and get your check in your hand. They can help you with any questions that you may have, but they may not be permitted to give you legal advice in regards to rules and laws regarding selling your house, but ask, because a lot of them have real estate lawyers within their company that will be happy to help.
    If you don’t have a title company that you use yet or that you feel comfortable with then you can find one by asking other local investors who they use. You can also join a local real estate investing group and ask the folks there who they use, a lot of times there will be title companies and real estate attorneys there trying to market their services. But if all else fails, you might want to find the local REO agent in your area and find out if they know of any investor friendly title companies.

Now take your big check to the bank baby and you can now say “I can save tons of money on commissions because I can sell my house myself!”

I hope you’ve learned something from this 4 part series. If you have any questions, please feel free to post them here.

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