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Updated over 14 years ago on . Most recent reply

User Stats

166
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9
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Teri M.
  • Wholesaler
  • Houston, TX
9
Votes |
166
Posts

Double closings and Realtors

Teri M.
  • Wholesaler
  • Houston, TX
Posted

how does it work doing a double close if u find a deal through a realtor? Does the seller pay the commission or would I?

Most Popular Reply

User Stats

681
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238
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Jackie Patterson
  • Real Estate Investor
  • Kalamazoo, MI
238
Votes |
681
Posts
Jackie Patterson
  • Real Estate Investor
  • Kalamazoo, MI
Replied

Sam and Teri,

If the property in question is a short sale, the commission for the first closing either needs to be negotiated into the approved amount with the lender, or the investor buying the property will need to pay it. The homeowner puts nothing into it. On the second closing, the seller pays the commission. Sam, you're correct, if there is no Realtor involved, then there is no commission.

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