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Updated about 6 years ago on . Most recent reply

User Stats

26
Posts
9
Votes
Lance Riggen
  • Flipper/Rehabber
  • Eugene oregon
9
Votes |
26
Posts

Needing advice on breaking contract with Agent to self close

Lance Riggen
  • Flipper/Rehabber
  • Eugene oregon
Posted

Hey BP Fam, 

 Odd situation we are currently in, please advise. We have just finished our 3rd flip and the neighbor wants to buy the house with cash (he has provided proof of funds) he also came to us without and agent, just wanting to buy our house owner to owner with full cash offer. Our agent has been great, however due to circumstances I wont go to deep into here, we will basically be giving our agent 1/2 of the end profit. Our agent is willing to break contract for us, however I am torn between damaging a relationship and paying thousands for me to have found my own buyer (I know its business and not personal......but) WWYD? Also looking in tools currently to do my own contract and negotiations (Any tips on favorite forms?)

Most Popular Reply

User Stats

42,806
Posts
63,085
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
63,085
Votes |
42,806
Posts
Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

by half the profit you mean his commission would be equal to half of what your going to net ?? IE the project is not as profitable as once thought ?? 

if that is the case then yes i think you can sit down and show numbers and ask for a reduction but dont cut them out.. 

I know as a broker I would be amendable to that for a good long standing client

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JLH Capital Partners

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