options

[infinity]

I would like to "option properties", but am wondering what I can and cannot say to fsbos to avoid stepping on realtors toes.
Also, those of you that have experience with options, I was wondering if it`s normal to let the seller carry through with the ability to sell their property while it`s under option? This way, what`s to stop a new buyer from going directly to the seller and bypassing me?

thanks in advance...

 

[GaryW]

I would like to "option properties", but am wondering what I can and cannot say to fsbos to avoid stepping on realtors toes.Also, those of you that have experience with options, I was wondering if it`s normal to let the seller carry through with the ability to sell their property while it`s under option? This way, what`s to stop a new buyer from going directly to the seller and bypassing me?

Hi Infinity:
I`m not an expert, but Ron uses an affidavit of memorandum concerning real estate, that he uses to record and tie up the property and clouds the title so they can`t sell without him. He says he doesn`t want to get into a war with them and that is why he strongly recommends having this meeting of the minds Up Front! Remember , these are motivated sellers.

Hope this helps,
Gary

 

[BarryMcGuire]

There is a good discussion of your question in the current thread," Round robin failure needs advice"

Cheers

Barry

 

[RedlineBrett]

QUOTE (BarryMcGuire @ May 6 2010, 02:32 PM) There is a good discussion of your question in the current thread," Round robin failure needs advice"

Cheers

Barry


Here is a link to the thread Barry is referring to

http://www.myreinspace.com/forums/index.ph...ic=17439&hl=

 

[infinity]

QUOTE (RedlineBrett @ May 7 2010, 07:51 AM) Here is a link to the thread Barry is referring to

http://www.myreinspace.com/forums/index.ph...ic=17439&hl=


Barry, Brett, thanks for the info. That`s exactly what I was looking for!