OfflineHi everyone.
Basically I wanted to know from people who has worked with realtors when putting offers. Did they send you documents (13-14 pages) you have to print out, sign, initials, then fax/scan it to the agent so the agent sends it to the listed agent or did you do it electronically or through a blank purchase agreement?
Because the current realtor I am working with request that I print out offer forms PER offer like 15 pages of them I mean it is too much time consuming if you ask me..
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Thanks so much Brian, I have exactly the same question. My partner just put in his first offer for a Fannie Mae property and it took almost 90 min. with our realtor and many, many pages. Will we have to do this every time or is it a one-time thing. Is it just Fannie Mae / Freddie Mac? But that's not really limiting it because with REO's they're the biggest holder. My agent doesn't seem too keen on submitting a lot of offers, could this be because he's taking the long route or should I just look for another agent?
Thanks for the help - or please send me to another area of the site if my concerns have already been addressed.
Robin V.
Robin from Phoenix
"Even a journey of a thousand miles begins with a single step. Take it!"
Hi, my name is Greg Esquivel and I live in Houston, Tx. I am new to the DG family and just wanted to say hi to all of you. I would appreciate it if some of you that are established investors, successful students, or part of Dean's InnerCircle could take the time to kind of take me under you wing and help me get the best out of this website. Let me know how to utilize this resource to its max potential. I would also like to just get to know some of you on a more personal basis. There are so many wonderful people on this site it is amazing and a bit overwhelming. Invite me by PM to share my story with you, I look forward to meeting you soon.
Greg E.
Depends on the capability of the realtor. Some realtors do not have e-contracts and only have paper contract capability. I don't know of any active realtors that don't do e-contracts these days. It is so easy and fast to be able to sign with your mouse and that's all. Ask your realtor why he/she is still doing offers the old paper way. I have done many the old paper way and it is a pain and time consuming like you said. Print them out, sign them ,scan them and attach them to the email going back to your realtor. It is a pain. But if you are making good money on the deal it could be worth the time. OR find a realtor that has e-contracts!
Michael Mangham
MD Home Acquisitions LLC
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You could also try doing a blank contract. You just sign, put in your subject to and initials. Then every time you want to do an offer, the realtor can just plug in the price and send it along.
Allen & Denise
Denal Enterprises
Yes makes sense. I'll contact my agent about the blank contract. So once I sign and put subject to and initials I don't have to go through them on every offers anymore?
Yes I'm glad you understand where I'm coming from! I will definitely let my realtor know about the e-contracts or find someone with access to it.
In California the program most realtors use for electronic signature for contract offers is called docusign. Ask your agent about this. He/She should be able to get it. I think its about $150-200 for your realtor to register. Hope this will help out.
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