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Updated over 11 years ago on . Most recent reply

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13
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Hunter Horan
  • Asheville, NC
0
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13
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Submitting a letter with a contract

Hunter Horan
  • Asheville, NC
Posted

To understand this question, you have to know a little background information.

I have been watching a property with two houses on it that has been for sale for quite some time, it is located just down the road from my house so I have been able to keep a pretty close eye on it. I went to look at this property a month or two ago. I found out it needs A LOT of work on the inside. Im talking sagging floors, possible water damage, and many other minor things that would probably add up to tens of thousands of dollars (thats being generous, because I don't have tons of experience so I couldn't guess very accurately). And that is just for the main house, the other "house" is a converted garage 2bd/1bath that would also need a lot of work.

I believe the house went under contract and that fell through because the for sale sign went down for a few weeks and then came back up.

The owner appears to be fairly motivated, although I haven't talked to her directly. Which brings me to my question! Can I submit a contract with a letter attached to the owner through the listing agent or will this get shot down? I have a strong buyers list that is interested in properties exactly like this one, so I am confident I could sell the house with an assignment.

Am I just dreaming big here? Or is there a possibility I could reach the owner through the agent explaining that I could sell their home quickly if they were willing to accept a lower price and an assignment contract?

Most Popular Reply

Account Closed
  • Dallas, TX
744
Votes |
4,988
Posts
Account Closed
  • Dallas, TX
Replied
Hunter,

Work with the listing agent and make a cash offer. You want to go around the listing agent and how would you feel if someone went around you to do a deal.


Joe Gore

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