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Updated about 12 years ago on . Most recent reply

User Stats

21
Posts
6
Votes
Antonio Johnson
  • Tacoma, WA
6
Votes |
21
Posts

Is this BRILLIANT, not possible, or the normal thing to do???

Antonio Johnson
  • Tacoma, WA
Posted

So I've been reading more and more and I've decided I'd get into lease options but that's for another thread. I have a question about option agreements vs. assignments/double closing. So I was thinking that for those sellers that aren't motivated maybe I can sign an option agreement with all of them, allowing me to have some properties to market in the meantime of finding other deals. The idea is to keep the property under option maybe 90-180 days also making my profile look more full if I don't have any immediate wholesale deals available when buyers visit my site (coming soon) Now does options allow me to have access to the property to show potential buyers? I know once I find a buyer, I then have to get the original purchase and sales agreement signed by seller, then assign to buyer. I hope I'm making sense

Most Popular Reply

Account Closed
  • -, PA
19
Votes |
114
Posts
Account Closed
  • -, PA
Replied

Antonio your problem here is the fact that you said "For those sellers that aren't motivated." Rule one in Real Estate 101 is never bother to try and work with a seller who is not motivated and in need of your service. Leave them for the Realtors.
Best,
Joe

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