Motivated Seller
found a listing, where the seller is motivated. How did I get the skinny? I work at the same real estate office where the listor is located. In that office I am not a realtor, but part of the admin staff there. What makes it a little sticky is the listor is associated to the owner. They had the listing in escrow, which fell through. The owner had already made a purchase on a bigger property, on the fact the property was in escrow . Like I said it fell through.
I am new to this business, and still not to comfortable with filling out the DROA.
What should I do, go ahead and make the offer. Or, should I have this handled by another investor, and collect a finders fee?
Please advise 
I forgot to add, the owner was using the funds collected from the sale of the home to be applied to the downpayment of the new home.
Obviously this guy need cash like yesterday, if you don't have the cash not much you can do. If you have the resources ie: investors, you may able to go under contract with the seller and flip it for a fee, if its a good deal. Do you know some real estate investors? Sounds like you can pull comps etc, did you check it out , is it a good deal or not?
Darwin NM
Hi Darwin,
I pulled a comparative market analysis (CMA) for the area of properties matching this one. The lows $227K, mids $257K, highs $274K. The property original listed at $249K, after it fell through and was placed back on market it was raised another $10K. I have spoken with the the listor, who spoke with the owner, they were looking to receive at least $200K.
Full Disclosure of your association to the office as an added addendum to the offer and sale>
problem solved!
Thanks for the reply Dave!
I will take your advice, and place the offer.
Thanks for the help.
hey dja where you from? maybe e can work together on this
Just wanted to update everyone, that my offer was not accepted. I don't look at it as a rejection, but one step closer to my first deal.
I have a question regarding what Dave had written. Would I need to disclose my association with all leads that I receive? Or those that I received within my work office?
Any advice is appreciated.
DJA:
What did you end up offering?
OCS:
I offered the seller $226K.
That is strange...they wanted at least $200K you offered $226K...sounds like a match made in heaven...guess not...try again
I discovered they accepted an offer of $230K. They will keep my offer on hand if the current buyer falls through.