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Updated over 8 years ago on . Most recent reply

User Stats

152
Posts
44
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Kevin Myhre
  • Contractor
  • Brightwaters, NY
44
Votes |
152
Posts

House Flipping Through Direct Mail

Kevin Myhre
  • Contractor
  • Brightwaters, NY
Posted

Hello BP community,

I have recently been receiving phone calls from the mailers that I have been sending out consistently for about 3 months.  One of the leads is a very motivated seller who is looking to move in the next 2 months.  I have already met the owner at their house and did a walk through with them.  I am a builder so I know how much it will cost for me to get this house ready to sell.  At this point I just need to put my offer in writing and present the seller with a contract.  I'm in need of ideas for what to include in the contract and the best way to present the contract to the seller.  Thanks!

  • Kevin Myhre
  • Most Popular Reply

    User Stats

    130
    Posts
    110
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    Charlie John
    • Investor
    • Twin Cities, MN
    110
    Votes |
    130
    Posts
    Charlie John
    • Investor
    • Twin Cities, MN
    Replied

    @Kevin Myhre Good job! The contract part is simple really and will not be a big deal to fill out (even if you aren't sure about certain line items).  As long as you have price terms closing date and two signatures, you're ready to rock and roll. 

    The hardest part is presenting it to the seller so that they are happy to sign your contract. I have been on so many appointments from my direct mail where everything checked out- seller really wanted to sell, house needed work, good location, etc etc. but then once we got into price discussion, they were shocked that I couldn't pay closer to what a realtor told them it could sell for and they didn't want to do it anymore. 

    But definitely get the state contract (seller will feel more comfortable with that too) and try to understand it so that if he does agree , you can get the deal done on the spot. 

    You got it! 

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