Making Cash Offer

[Rico O.]

I have never flipped a property but will like to venture out that route, I am just not clear on how the cash offer is structured as far as who makes the offer? Is it an Agent and if so what is the fee you pay the agent for writing a cash offer for you and it is accepted?

Does the Agent make no money writing the cash offer but make the commission at the time you are ready to put the property on the market for Agent to sale?

Thank you in advance for sharing your knowledge,

Rico

[J Scott]

The seller is responsible for paying all the commissions, both to his agent (the listing agent) and to your agent (the buyer's agent).  Commissions are paid at the time the property closes.

If you've never offered on a property before, I highly recommend using an agent to represent you.