Real Estate Agent
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago on . Most recent reply

How can I make this deal work?
Hello everyone, I am an agent located in Houston, Tx. Here's my situation.
I have an investor I'm representing who is wanting to purchase a property off the market. I found the property through a wholesaler who is wanting to sell it for a certain discounted price. My question is how can I negotiate how much I make in commission or fees off this deal and are there certain contracts specifically used for off market properties? Is my broker still entitled to a commission for this kind of deal?
I just would like to clarify this up so this deal can be done the right way. I'd greatly appreciate anybody's comment
Thank You!
Most Popular Reply

Normally these wholesale deals are done personally seller to buyer without agents involved.This would be a bird dog finders fee situation if you can pull it off.You are not gonna get a full 3% or more commission from a wholesaler.Have you alerted your investor to the property and gone to see it yet? If not,go to the wholesaler and tell them you have a strongly interested buyer and you want a finders fee for the sale.10 to 15% of the wholesalers profit is fair.Unless you used your resources and information supplied by your brokerage (MLS,advertising from brokerage,etc), I would keep it under raps.If they didn't help make the deal happen,why pay them for nothing?