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All Forum Posts by: Dwayne Poster

Dwayne Poster has started 1 posts and replied 453 times.

Because you hadn’t spoken (written) to this aspect contractually, it is what it is. If, as you have indicated, it was a plan that would be affected by such actions, you should manage that with specific contractual language.

Post: Using a credit card for closing costs

Dwayne PosterPosted
  • Investor
  • Van Isle
  • Posts 455
  • Votes 226

I've used a credit card, but as a transfer mechanism, not as a source of funds, which it sounds like where you are at, and if so, don't do it.

Post: Can you avoid paying the listing agent in a sale?

Dwayne PosterPosted
  • Investor
  • Van Isle
  • Posts 455
  • Votes 226
Quote from @Mike Flynn:

I've been looking a lot more into creative financing (like seller financing, subject-to, and lease options), but was curious how you'd go about that with a property listed on the MLS through an agent/broker. Let's say a property is listed for a very long time and you wanted to get creative with the seller to buy their property. Do you have to use the realtor that listed the property? Or more specifically, does that agent have a contractual obligation to be paid? Is it possible to have the seller take the property off the market and do the sale transaction between the two of us? I'd love to hear if anyone has had any experience with this! I just recently found the Pace Morby episode (#527) that totally blew my mind with creative financing, but now I have a lot of very specific questions around a lot of the options.

Thanks!!


Nothing stops you from approaching any seller at anytime and engaging in negotiations. They may have any number of obligations, which are not your concerns, other than understanding their motivations. If you have chosen MLS properties as a market segment, you may want to reevaluate that, as organized realestate inserts their interest in between you and your prospect.

Post: Driver's License Request

Dwayne PosterPosted
  • Investor
  • Van Isle
  • Posts 455
  • Votes 226
Quote from @Jarod Rotolo:

Had an out of state FSBO request a photo of my Driver's License before they would have a family member meet me at the property...this seems inappropriate to me...thoughts?

 Appropriate. Thoughtful and professional. That is of course if they are willing to reciprocate.

Post: Should new agents attend real estate conferences

Dwayne PosterPosted
  • Investor
  • Van Isle
  • Posts 455
  • Votes 226
Quote from @Billy Daniel:

Absolutely!  I went to my first conference before I was licensed and learned SO much!  Make it a goal to eat lunch/have coffee with a new person each day.  Aside from the knowledge, you will also grab some sources for referrals!  Have fun!  Which conference?

 Step it up. Meet 10 new a day, exchanging business cards and ideas. Then follow up with a phone call on a forward schedule. Take notes on everyone’s personal interests. Lunch takes way too much time to advertise yourself, unless there is that special relationship. Make it the real reason you attend any gathering. Personally, I have to force myself to engage in those activities, whereas it’s a natural for my wife to work a room full of people. She introduces me to way more people than I’d naturally greet. This is so important that you may consider investing in a Toast Masters club, or at least practicing interacting with strangers on a daily basis. Make it a plan to meet one new person a day in your normal course. During conventions and gathers is when you crank it up.

Some people exercise to tone, some take courses to learn, others practice to perfect. As a Realestate agent, you must let people know who you are and what you offer. Learn the skills of social interaction.

Post: Title Company Holding Up Closing - Is this allowed?

Dwayne PosterPosted
  • Investor
  • Van Isle
  • Posts 455
  • Votes 226

What is your role in the transaction. If you are a party to the transaction, you may have a case for action, dependant on the contract language. If you are not a party to the contract, you are an observer, possibly an advisor.

Post: A/C system will only last another 2-3 years

Dwayne PosterPosted
  • Investor
  • Van Isle
  • Posts 455
  • Votes 226

You, and your agent, made a mistake in not taking the offered amount and including it in the contract. This is likely a case of an agent trying to please, but inexperienced in ‘the big picture’. The sellers have retracted the offer, so be it. Better luck next time.  I’d still go after the agent to make it right. Maybe they can connivence the seller that if they were willing at one point, they know it is sub par and can include it. Put the fire under them, saying we had it and you lost it, now make good.

Post: What makes a new agent attractive to a TOP NOTCH RE Broker?

Dwayne PosterPosted
  • Investor
  • Van Isle
  • Posts 455
  • Votes 226

Brokers want deal makers, so basically, your deal count.

Post: Should new agents attend real estate conferences

Dwayne PosterPosted
  • Investor
  • Van Isle
  • Posts 455
  • Votes 226

Refferals should be a major component of your business. Conferences offer a great opportunity to meet a broad mix of practitioners. I consider this to be of greater value than content. 

Our local contracts are typically ‘as last viewed’, and as such, we don’t do a final walk through. Any shortfalls on possession day are itemized and driven back against the sellers.