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Updated over 8 years ago on . Most recent reply

User Stats

20
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5
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Tony Osborne
  • Wholesaler
  • Gonzales, LA
5
Votes |
20
Posts

should I Sign the Real estate agents contract?

Tony Osborne
  • Wholesaler
  • Gonzales, LA
Posted

I've been dealing with a realtor on a house i'm looking to wholesale. The seller is asking for $50,000 and is ready to sell. The agent is drawing up a contract for me to sign, of course i'm not going to sign until I have my attorney look over it and I'm going to look at the house with my GC Saturday for a rehab estimate, but my question is, since i'm wholeselling the property should I make the agent aware of what I plan to do with the property or is this normal to receive a contract from the seller also. This potentially could be my first wholesale deal and i'm kind of nervous and don't want to look like a fool or like I don't know what i'm doing.

What should I expect to happen between me and the agent if this becomes a good deal?

Most Popular Reply

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

The way you make an "offer", is to submit a signed contract to the seller's agent.  The agent already knows you don't have any experience.

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