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Updated over 8 years ago on . Most recent reply
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should I Sign the Real estate agents contract?
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?
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- Real Estate Professional
- West Palm Beach, FL
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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.