OfflineI wanted to know if there was a way to lock a buyer into an agreement to commit to you if they asked you to find them a property.
Basically someone asked me to find them a property in a certain price range in a certain area and they want to pay cash. This was a response from an ad I placed on an online classified site. I want to know if there is a way to put them under contract so you don't waste your time finding a home for a buyer that isn't going to commit in the end?
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Im not under contract with a seller yet i was under the impression it was better to build a buyers database first...Is this incorrect, should I just be focusing on finding deals or both at the same time? This particular person just asked me to find them a home in a specific area, but i don't want to spend a week or two advertising and finding and executing a contract for this guy to walk out and leave me looking like an idiot. I don't want to go under contract and not find a buyer. Im new to this and I am trying to do some assignment deals to build some capital so I can do some serious deals.
thats my problem i want to do the same i found nice couple houses for less then 15000 and i checked what thay apr for using total view and thay apr for 70.000 in 2007. now the prob i have is finding loan or buyer i dnt want to throw offer. thay just need a little love and i know i can make money but u need money to make money well kinda the book is helpfull ahhh i remeber now rememeber go to book page 158 profit from real estate right now read the (earnest money clause) u can set it up where u can put dwn a small dwn payment and set it up so u have a strategic exit plan but u have to talk to seller and be on the same page wow what the heck am i waiting for i just Answerd my own question i was getting rdy to ask same thing u did wow anyways and hope it heelps u too if ur getting a good deal for what ur looking for, for you friend get him to give u a small dwn payment and use it in ur earnest money clause if im wrong someone correct me im half way threw dean graziosi cool book im learning quick i just hope i got the money clause right and i just got it today and im having a blast reading the more i read the more i get excited well i help u a little im going to practice filling out assignment pappers just to get use to the idea cause if this works im going to have to get this dwn if im going to make me rich
i think we are talking about two different things. My problem is I have NO homes under contract, but a buyer asked me to find him a home. I want to know if there is a contract stating i have X amount of days to find this guy a deal before he can walk away without committing. I don't want to put work in for someone that isn't serious..and as i said this was a response from a craigslist ad so i don't want to find a home for him and have him say oh never mind i was just looking.
upfront and let them know "i'm sure you understadn but we both don't want to be wasting our time" if he's serious he'll get it to you pronto.
If he mentions he'll get it to you once he sees the property, lose his number.
You could always write up an agreement to bird dog with a specific amount of time, fee and clause that says once you find the place, they have 24 hours to get you POF before you reveal the actual address.