if a realtor brought you a property worth 8mil… and you wanted to do an option… how would you structure this with the realtor and seller? would you try to get a buy-out agreement? or would you offer to pay the realtor if and when you exercise the option? thanks
Arie,
Glad to meet you.
Most realtors require proof of funds when submitting an offer, so as soon as you show the realtor the $8M proof of funds from your bank or lender I am sure the realtor will work with you in structuring their commission along with the seller agreeing to the option to purchase.
John $Cash$ Locke
Hey John… same here.
My intention would be to option the property and then sell it shortly thereafter to someone else who would buy the property through me and I get whatever I sell above option price.
So… I would not have proof of funds to show. I imagine this would only work with motivated sellers and realtors… maybe the listing period is running out or whatever. I’m just curious on how to structure the offer to the realtor.
Perhaps I could sign an option agreement with the Realtor and then my buyer buys through me and I buy through the realtor. What do you guys think?