Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago, 11/30/2017

User Stats

10
Posts
0
Votes
Ashraf Farrag
  • Investor
  • Chapel Hill, NC
0
Votes |
10
Posts

DIY MLS Listing: Negotiating an offer outside of the MLS?

Ashraf Farrag
  • Investor
  • Chapel Hill, NC
Posted

I have a property I'm marketing on the MLS as well as on my own (Lease-Option/etc).

I paid a company to list a property for me in North Carolina. They do not get a commission and only send correspondence back and forth to me.

I have an offer that came via the MLS from a broker who is buying the property for himself / his LLC (no client). I presume he is going to be renting it out.

I can tell the MLS folks to let me negotiate directly with said broker or negotiate on my behalf (for a nominal fee).

If I choose to negotiate directly with the broker on this offer, is there any legal or other precedent that prevents us from suggesting in the negotiation that we let his "official" offer expire (he put a 48 hour clock on it) and we take the deal offline and accept it as is to eliminate the commission where we both are happy campers in the end?

Loading replies...