I Come across a lot of Retail buyers 7-14 a month. But, i’m not maximizing the profit potential. I’m letting a lot of equity and profits slip through my hands. I’m a real estate agent as well, I qualify my buyers and get them approved, then i find them a non-listed house and negotiate my commission with the sellers for bringing in a buyer 7-10%.
What i would like to do is set up a straight L/O with the sellers, since I have the buyers ready qualified and approved, they would just purchase the house directly, just to make more profits. I’m not very familiar with how the contacts are set-up, my lenders don’t know much about it, so do the title companies. I’M VERY FRUSTRATED.
What contracts do I need?? and how is it submitted to the Mortgage Broker and Title Company??
If someone can PLZ HELP ME OUT!! THANKS.