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Updated over 9 years ago on . Most recent reply

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88
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Ken T.
  • Developer
  • Astoria, NY
12
Votes |
88
Posts

Homeowner signs Non-circumvent instead of P&S agreement!

Ken T.
  • Developer
  • Astoria, NY
Posted

hear me out...what if you meet with a homeowner and have them sign a non circumvention document, market the property to your buyers, find a number that works for them, and theeennn sign the contact with the homeowner to assign.  when i wholesale I am very upfront with the buyer and explain that i am not the end buyer.

 why do it like this? well if you have a price from the investor anything under that is money in the pocket.  Yea Yea you're supposed to know what your buyer will pay from the start but its not always that easy and i have been off in my numbers before, my area is very very tough, every home is completely different style, land, builder, acreage; it's not like the cookie cutter homes in phoenix.   

so back to the original question, can a non circumvention document do the job and allow me to tell my buyers about the home?  I do trust my buyers but I'm always adding more and you never know.

Most Popular Reply

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23,418
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13,508
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
Votes |
23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Having the home Seller sign a non circumvent agreement....what a whackadoodle idea.

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