I started about 2 months ago, and have also been reading everything I can get my hands on. I have started to build my network, and have a small list of money and buyers and of course I’m always trying to add names to my sellers list. I have been looking at lots of properties and am starting to get a feel for what a deal looks like in my area. I set my goals and am ready to go. However…
I feel like my next step should be to start firing out a bunch of offers and go from there. However there are 2 things stopping me.
First off I am afraid to sign an offer. I feel like I need to know more about contract law to be certain I wont get in trouble by forgetting something important or using an illegal contract or something.
Secondly, there are a couple guys in town here who tell me if I start writing a ton of lowball offers, I would quickly lose credibility within the RE comunity here. These guys are both Realtors, so I am taking the advice with a grain of salt. But I can’t help wondering how much truth there is to what they say. To truly be successful, I think I’m going to need to build a network of helpers, and I don’t want to burn bridges before I really get started.
Any thoughts on either of these two issues would be greatly appreciated.
As far as signing a contract make sure there is an attorney approval for a week, then you can get out of it if necessary or your lawyer finds a problem.When you write low offers have a reason like been on the market 6 months or a bank owns it etc if you have a reason as opposed to just writing low offers on every house in town it is their problem if they do not like you.
Posted by rehabpro on January 06, 2005 at 16:16:04:
Don’t be bullied by others OPINIONS. Realtors…Please, don’t get me started with people that are only trained to fill in the blanks on a contract. Make low offers. More importantly make sure that you can close when your lowball offers get acceptted.
I’m really not trying to hide anything, I’m just trying to cut down on junk mail. Dont you know the spam people have computers set up to scour boards like this for email addresses.