Being unprepared cost me a deal.

[Jabbar Thomas]

Through my advertisements I found this homerun deal. It was an 3/2 1800sf SFR inherited property. The house was a few payments behind on the mortgage and seller had some medical issues and needed to be cashed out. There was only $40k left on the mortgage and the homes ARV was close to $200k. The house was in deacent shape and needed upgrading and minimal repairs,(estimated at $30k). I had sat down with her and talked about her plans and what she needed. I had ran my numbers and came up with $80k as a purchase price. We talked for a bit more after makong my offer, and she verbaly agreed to selling the home for $80k cash. Not being prepaired I did not have any contracts on me at the time. So I told her I will have one drawn up and she can sign it later that day. Little did I know she had another appointment for showing the house. The guy came with a higher offer, and she signed his contract right there on the spot.

If I would have had a contract on me at the time I could be looking at a nice payday. So moral of the story is be prepared at all times, you never know what you might need until you need it

[Jay Hinrichs]

@Jabbar Thomas  well that only happens to you once.

you always go into those situations EXPECTING TO write it up put your dough up and contract.

if your just out for a chat.. that's one thing.

Same with RE agents although now with docusign.. If I was an agent I would have a HOT spot. laptop and portable printer and scanner with me in the car at all times.. so I could get it. done

I first met an agent about 6 years ago that had that set up.. of course he was a top agent