How should I go about this? - Posted by Michele (OR)

Posted by Heather -Tx on January 10, 2003 at 21:10:57:

If there is enough profit in the numbers, and you really want to make both of them happy!

Use one to help buy it, and the other when you sell. Or use one for this deal, and the other for the next deal maybe.
Just a thought!
But I do like the ennie Meenie idea too ! =)

How should I go about this? - Posted by Michele (OR)

Posted by Michele (OR) on January 10, 2003 at 11:38:03:

I have a property I would like to purchase. It goes to auction on the 31st. At auction will cost between 65-68k. Value $110k.

Here where my problem is: I was told about the property being in the public notices by my real estate agent. Said I should look at trying to get this. I have another agent with a different office call me the day this house was listed saying I need to look at it. Who do I use to make an offer through? One agent told me about the house, other agent told me when it was listed.

I thought okay to keep peace, I would work with a partner who knows preforclose and not use a realtor. I agreed to finance the money needed to bring current, do a wrap, and finance any repairs. They would do all the leg work to get this under contract. Partners were very excited with this. They went to owner and she refuses to talk about the house.

Now, I have two agents and a potential partner. What would you do?

Re: How should I go about this? - Posted by Tim Fierro (Tacoma, WA)

Posted by Tim Fierro (Tacoma, WA) on January 10, 2003 at 23:31:20:

Agent #1 called you and notified you of the house. When Agent #2 called, you let them know you already knew about the house. Partner could not make anything go. Go back to Agent #1 and try that approach since you say it is listed.

If you buy at the auction, give Agent #1 a tip for the call and/or business in return for the tip he gave you.

Re: How should I go about this? - Posted by GL(ON)

Posted by GL(ON) on January 10, 2003 at 16:14:51:

Since when do you need an agent to bid at an auction? I never heard of such an auction. Just go bid.

But remember who your friends are next time you have a house to list or hear of someone who does.

If you want an agent to represent you pick the one who will do the best job.

Re: How should I go about this? - Posted by Phil

Posted by Phil on January 10, 2003 at 14:05:45:

Ieaanie meannie mighty mo