Subject 2 Deal With A Listed Property
Saw an ad in the paper that said motivated seller.
Drove past the house, pulled the listing, and sent a letter to the owner....he doens't speak English.
Called the agent who said run it by me and he'd check with the owner.
I guess my question is how have people compensated the realtor on a subject 2 deal, or how did they get around his commission????]]
If your plan is a long term hold then you need to pay the realtor.
If your plan is a short term flip or rehab, then ask the realtor to defer the commission until you resell the property.
Anyone ever set it up where the seller paid the realtor?
My neighbor is a Realtor and he just bought a house where the seller agreed to pay a 4% fee to his company if they could find a buyer to take over the loan. She also put new carpet and paint. He has only a break even cash flow but got money in his pocket to do the deal. In the last recession this was done all the time with even more cash brought to the table by the seller.
Good LUCK and HAPPY HOLIDAYS
Hope this helps some
Ted Jr