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28 May 2011 | 14 replies
I'm in a similar situation and wondering if I should add sentence or two to the agents’ notes in my listing that I am willing to sign a limited agreement with the buyer’s agent for a higher commission (4 or 5, rather than 3) and limited to that buyer only, for that sale only, to expire when buyer or seller rejects the offer or withdraws, or within xx hours?
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31 January 2020 | 9 replies
Allen (J Scott) is being nice.I assume the properties you are bidding on are owned by banks.In the standard GAR purchase and sale agreement it has the paragraph you mentioned.Based on that paragraph you cannot assign without the sellers consent.Even if you put in special stips the sentence J Scott said it most likely will not matter.The banks almost always add addendums you sign as well.In the addendums and conditions it will say property cannot be assigned.It will also say if anything in this addendum conflicts with the purchase and sale agreement the addendum shall control.So if the purchase and sale says you can't and then special stips says you can then the addendum saying you can't will rule.You can always cross out the cannot assign in the bank addendum and see if they catch it or not but most time they will not agree to it.For the asset manager they want to get the file off of the desk.If you say you will assign the asset manager doesn't know who the end buyer is or their ability to close.If the contract falls out they get a crappy 50 bucks in earnest money and another price reduction selling at a lower value when it comes back on the declining market.If I were the asset manager I would require you to have more down as non-refundable earnest money.This forces you to vet the end buyer hard because if they don't come through you stand to lose a lot.
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5 December 2009 | 30 replies
With over 250 arrests and previous felony convictions (including assaulting a police officer), anyone care to guess about his sentence?..................
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2 January 2010 | 15 replies
I frequently stop them mid sentence and simply ask them to write down a specific goal because without a goal we can’t really get started because I don’t know where they want to go.Here is my answer2010 will be the year I buy 10 additional cash flow properties with cash on cash return in excess of 20%.
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2 May 2010 | 3 replies
To be more comfortable on the phone, I want to make sure I can provide any seller with at least a one sentence "this is what I would look into" type response.
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4 March 2010 | 14 replies
I just want to point out that the second to last sentence is critical... in case you missed it.DON'T open the returned letter.
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30 April 2010 | 68 replies
The last sentence of that article is probably a good summary:Americans are right to wonder why Mr.
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10 March 2010 | 3 replies
Until then I hope the content and character are worth the typos, short sentences and screwed up headings...The dog puking in my office while I was preparing this is a better excuse than him eating my homework.EAB :oops: :roll: :lol:
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7 May 2010 | 12 replies
Jon's last sentence is the key.
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5 May 2010 | 7 replies
Charles,That one was a gem :wink:Anybody with half a brain should be able to figure out its value by just two of the sentences that I excerpt here:...