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All Forum Posts by: Jorge L Duany

Jorge L Duany has started 3 posts and replied 5 times.

Post: Please explain how earnest fees work?

Jorge L DuanyPosted
  • Posts 5
  • Votes 0

Once i Assigned a contract. Am i supposed to take the Assigned Contract to the Tittle Comp myself along with the collected Earnest fee, or is the Buyer doing so?

Thank you guys i really appreciate the time and your answers!

Should i tell the Seller upfront that you are not the End Buyer, when asked? How do i overcome this question? Would it wrong if i say, " i am?

Thank you very much. I am here in Florida. I just got my first lead, from a Direct Mailing letter i did myself and i am going to disclose how i did it for those getting started with $0 moneys. I went to Walmart, and bought a pack of 50 4/6 envelopes and color cardboard paper and a paper trimmer, $30. I made my own cards and mailed them! That was last week, today i received my first call. 

The reason why i am asking is because the spread if my numbers are correct, is more than something i want my buyer to know. I don't mind, but they might! I cant thank you enough Mr Stephen Akindona for your answer, and help! 

I think i did everything wrong on this first contact with the seller, i got nervous i didn't have my script ready.. but i am calling tomorrow again with data, hard numbers, an offer, setting an appointment to evaluate my offer and counter, and get that deal!! 

Suggestion, ideas!

I am a new REI and i am still having some difficulties understanding how Double Close transactions work? The contracts needed and so on. Can anybody help me?