All Forum Posts by: Lydia S.

@Daniel McDonald

On a different note, get a CRM, and not one provided by your Brokerage, so that it stays yours even if you change Brokerages in the future.  All those conversations and people and contact information you want to remember have to be recorded somewhere that’s organized, especially as the numbers grow.

@Vishal Chowdhary

Use your buyer’s Realtor®.  Builders typically have their own contracts and are not there to protect you as a consumer. Your Realtor® is there to protect you.  
It’s possible that the builder may say you don’t need or can’t have inspections, their contract may not have the typical ‘escape’ clauses for a low appraisal or other valid concerns (and lose your earnest money deposit if you do terminate), and your Realtor® can hopefully negotiate some extras into the deal for you (appliances, upgrades, credits) and fight for you when things go sideways.  Such as delays, rising costs of the build being passed onto you by builder, and any poor workmanship.  
Who’s going to be honest with you, your own Realtor® or the builder?  
Is that house already built or in the process?  If in process, your Realtor® can make sure you get some visits to see how things are coming along at different stages.  I’ve had to press hard to get completion and a certificate of occupancy before my client’s rate lock expired and rates were jumping, so they would have lost the ability to buy it, along with the money they had spent on inspections & appraisal.

These are just a few examples of why to have your own representation when buying new construction.

Great question!  

One of the best things about a relationship between a Realtor® and a wholesaler is that you are both looking for properties that someone wants or needs to sell.  
If you, as a wholesaler, find a property, and the seller would rather put it on the open market, you can pass that off to the Realtor®.  And vice versa, if the seller has spoken with a Realtor® and prefers to offload the property quickly and take a hit in profit, avoiding all that might come with being on the open market as outlined by @Bruce Lynn, the Realtor® can pass that along to the wholesaler.  
That wholesaler would have to be someone that I know can actually close, not just assign the contract to an end buyer or else what’s the point?  I would put it on the open market and attract cash/ quick-close/ as-is investors directly, if that’s what the situation calls for.
 

 If the sellers have a purchase contract in place, the Title Company for their next home should be put in touch with the Title Company you are using, and Title can arrange for those funds to be used that same day.  

There’s no reason the funds have to go directly to the seller before they close on their next home, and I don’t know why it would take a whole 5-7 days either.

Both transactions could close on the same day if handled correctly!

@Carolina Mejia

Websites frequently have inaccurate images of boundary lines, so ask the seller if they have a copy of a survey.

Surveys can cost a pretty penny but if you want accurate information, one may be required.

Consider asking the Title Company whether they provide survey protection on your Title Insurance policy.  It’s been my experience that they cannot unless you have a survey.

@Kevin Zh

Based upon what you said, a couple things come to mind.  Sounds like it’s been a year that you have received property options from your Realtor and haven’t placed any offers, and it’s unclear whether you provided any proof of funds.  I suspect your Realtor doesn’t see you as a serious buyer at this point and is directing their time towards those clients who are taking action.   

Regarding Zillow, you might be surprised how many properties are not accurate i.e. have already sold or are pending sale, so those may not even be options.

If you are a serious buyer, call your Realtor and have a discussion again about your timeline and funding to refresh your position in their priority list.

@Giganni Lopez

Remember that FHA is for owner-occupied properties. Were you planning to move there or invest?

@Zach Sullivan

Unfortunately, you cannot pay a Realtor ® outside of commission, and if you do, risk having them lose their license.

Best reward is to connect them with more buyers and sellers or even take them out to lunch and build a stronger relationship.

Referrals and relationships are gold in this business.

@Nick H.

First, I would attempt to find out whether that map is actually accurate as there are many times where certain website maps make it look like the property lines run through houses.  Did you have a survey or ILR- improvement location report completed when you bought your property?