Creative financing - how do you get past realtor?

[Ivan Jouikov]

Questions:

1) Whenever creative financing is involved, ie subject to seller's existing financing or lease option with the seller, the Realtor doesn't get anything because no sale takes place - correct?

2) How do you get past the realtor so you can talk to the owner directly? Send mail/knock on door? Can you get the realtor to release the seller's contact information?

[Nick J.]

Originally posted by Ivan Jouikov:

Questions:

1) Whenever creative financing is involved, ie subject to seller's existing financing or lease option with the seller, the Realtor doesn't get anything because no sale takes place - correct?

2) How do you get past the realtor so you can talk to the owner directly? Send mail/knock on door? Can you get the realtor to release the seller's contact information?

I disagree with Joel, A Sub2 purchase is just that, a "purchase" therefor the Realtor should get paid. If you L/O then of course it's different, but should be consider as a cost when and if you exercise your option to buy.

If the property makes for a good deal and the numbers work even with the Realtor fees involved, then by all means do the deal. The best thing you can do is show the Realtor how it can be a win/win and start having them bring you a lot more deals.

As far as talking with the seller directly, I believe you should have your discussion with the Realtor, the Seller will generally trust their Realtor instead of trust you who is trying to circumvent the Realtor. Get to the Realtor and have them convince the homeowner of the option to sell Sub2 and then you're golden.

ps. if this was helpful, please remember to vote it up :)