“Here’s My Answer!”

Late yesterday afternoon, I was talking on the phone with one of my students who was redeeming his fr ee 30 minute consultation certificate that is part of the Probate Real Estate “Seminar-In-A-Box” package.

http://BuyProbateProperty.com/special-dvd

He brought up a question that I thought all of you might benefit from.

He asked if he needed to use the same sales contract that his real estate agent had given to him.

If any of you have ever seen this contract, you know it is quite lengthy and contains lots of legal language.

The reason it is so lengthy is the agent is representing another party, generally the seller, and must include language that makes very clear what both parties can and cannot do. It also needs to include language as to what the agent is responsible for so that they cannot be sued at a later date. All of this is very, very important when you are working as an agent.

However, since we are not working as an agent, I recommend you use a just a simple standard agreement.

Now, most cities have what I call the “For Sale by Owner” store. This is a business that has been set up to assist owners who wish to sell their homes without the assistance of a real estate agent. They sell all kinds of marketing materials; yard signs, flyers, generally publish a monthly newsletter with owner listings in it etc. etc.

They also will have what they call their “forms packet” that will contain a standard sales agreement. This is the agreement I recommend you use for a couple of reasons.

One, it is much, much simpler and easy to use and two, by using the one that is appropriate for your region of the country, you will keep in compliance with all of your local and state regulations.

Don’t want you to get busted by the real estate police now, do we?

The guy I was talking with yesterday also mentioned that he is amazed at the response he is getting from his first batch of letters.

He mailed out 37 in his first go round and got 6 return calls. That’s a 17% response which is truly amazing.

I’ve been saying for the last year that right now is a once in a lifetime opportunity for RE investors and his first few weeks in the business is proving my words.

One of the 6 responses looks the most promising as the heir lives 1500 miles away and just wants the house sold…….NOW! She knows the housing market is in a slump and has said to bring any and all offers. She wants to just get on with her life.

The money doesn’t seem to matter.

On yeah, one more thing, the house needs some repair. In one corner of the living room, a small section of the wall paper has come loose. Should take all of ten minutes to glue back up.

Even two-left-hands Ron (I’m not ambidextrous) could do that!

My guy seems to think he’ll make between $5,000-$25,000 depending upon what she accepts. He already has his list of investors interested in buying from him so he’s moving quickly before anyone else snaps up the deal.

Pretty sweet for your first deal, don’t you think?

And one last thing. The house is in Florida, probably the hardest hit state when it comes to a flooded housing market.

So anyway Kim, I wish you all the best with your very first deal.

Need to find out more Probate Real estate and my “Seminar-In-A-Box” package? Here’s where you can,

http://BuyProbateProperty.com

If you just want to go directly to the “Seminar-In-A-Box” package, use this link,

http://BuyProbateProperty.com/special-dvd

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