Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
General Real Estate Investing
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 over 10 years ago on . Most recent reply

User Stats

21
Posts
7
Votes
KC Hunt
  • Rental Property Investor
  • Mesa, AZ
7
Votes |
21
Posts

Can I sell someone's home for them?

KC Hunt
  • Rental Property Investor
  • Mesa, AZ
Posted

So I came across a home today that I am interested in buying. The seller is more interested in a quick "traditional" purchase then he is in talking about other financing options. But the experience raised a question in my mind. 

I am not a realtor and have no intention of getting my license. Can I agree on a purchase price with the seller that is below ARV, with a delayed closing and then look for a buyer and take the difference of the purchase prices?

Basically it sounds like I would be selling his house for him but saving him the seller's agent cost and then marking his house up. It just made we wonder if I could do that or if that was similar enough to what a realtor does that I would get in some kind of trouble for not being an agent?

Any thoughts are appreciated.

Thanks

KC

Most Popular Reply

User Stats

1,100
Posts
701
Votes
Mark Gallagher
  • Flipper/Rehabber
  • Allentown, PA
701
Votes |
1,100
Posts
Mark Gallagher
  • Flipper/Rehabber
  • Allentown, PA
Replied

The concept you're thinking of can be done via wholesaling/assigning contracts. Look around here, and you'll find a wealth of knowledge on the subject. 

In a nutshell, if the house is worth $100,000 you put it under contract for $90,000 with the stipulation that you can assign the contract. Then you find someone to buy it for anything above $90,000, assign them the contract, and earn the margin spread. 

Loading replies...