Dealing with Acquisition companies

[Elizabeth Matos]

During my education and experience flipping homes Brandon has taught me that I must develop my funnel to acquire good deals on properties.  I have run into a company name New Western Acquisitions.  They want to sell me properties but they say they don't represent me?  I do not seem to understand how their business works? How they make money?  Also I have found that I seem to be competing with them and have been out bid by them a couple of times.  Can someone please tell me what I'm dealing with?

[Michael Valerio]

Disclosure:  I work with the mentioned company (New Western Acquisitions).

Hi there Elizabeth!  In response to your inquiry on why an acquisitions company has purchasers sign a non representation notice, it is simply to limit any potential obligation to the buyer.  The buyer has no duty to work only with that agent, and can purchase any property that is presented to them at any time.  

The benefit for the acquisitions company is to limit the liability when disposing of the asset.  Since the company has never occupied the property, they have little to no knowledge on the property condition aside from visual inspection, or a handed down SDN.  Becuase of that, the agents of these type of companies limit their responsibility to dealing honestly and fairly, disclosing all known facts (typically none), and accounting for funds.  

I hope this helps.