This is where having some help comes in because high interest rates and a huge remodel project makes for a lot of risk when your just getting started.

Fast forward to today and I've been doing the same type of work (admin support for faculty) with a small increase in pay and a title change.

Once my client is completely ready to submit, I send over a full package to the other party including an the signed Purchase and Sale agreement, a copy of their pre-approval letter or proof of funds, a picture of the escrow deposit, a sheet explaining all of the comps that verify the offer price, and a brief explanation in the email as to what some of the terms are. 

My partner and I have 3 properties (2 triplexes and a single family Lease Option) here that have great cash flow.

Even if you went from that to talking to the listing agent to "work this out," it would at best have been a "verbal contract," and a "verbal contract" does not exist in real estate (see above), in practice, meaning that literally the most that could possibly have been accomplished was absolutely nothing.2.

I usually create both a rental ad and a sale ad, both advertising the home as a lease option type of deal, in zillow rental manager (used to be postlets), which then syndicates to zillow, trulia, hotpads, aol, etc.

but that would be a cheap shot from him and a waste of his professional time.

The option also has a "Strike Price" and a date.

Hello all,I am a Sacramento part time real estate investor and a full time real estate photographer.

I was at a meetup a while back, and a wholesaler there said he would get properties under contract, with a clause that said "Pending partner approval."