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Updated over 4 years ago on . Most recent reply

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David Messam
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Answering sellers question of who I work for/buisness.

David Messam
Posted

I live in nyc and I am a new investor/wholesaler with not much capital.

My question is how do I answer sellers when they ask me information on my business, llc, website, history, etc when I have none of those mentioned?

I dont want to come off as a rookie that is not legit. I intend on telling sellers that I do have a team and it is possible that I may assign the contract we make to another investor.

I have an attorney I will be using and a few potential cash buyers, but no reputable buisness to refer them to.

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Steve Morris
  • Real Estate Broker
  • Portland, OR
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Steve Morris
  • Real Estate Broker
  • Portland, OR
Replied

"My question is how do I answer sellers when they ask me information"  

"be forthcoming and honest about it, that in itself will go a long way."  Great idea:

1) Tell them you don't plan on putting any escrow money in

2) Tell them you'll probably offer them <20% of FMV

3) Tell them you'll sell it to someone they don't know for a lot more that they won't see and you'll keep the difference

4) Tell them you don't have a real estate license

5) Tell them you can just walk at any time, so your sales agreement is not a guarantee of anything.

6) Tell them you won't do a fair CMA and you don't want them talking to anyone that knows what their house is worth

You'll feel better and can actually look them in the eye

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