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Old 07-26-2006, 09:28 PM
ericthelight
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Question how can I make money on this deal?

how can I make money on this deal?
on: Today at 11:16:12pm Reply with quote Modify message Remove message
my Grandma has very old house that is on a valuable peice of wisconsin land, it is in Green Lake, becoming the next Lake Geneva, my parents have a contract with a brokerage firm that says they get 5%. I want to help sell the property and make a commission. How can I get an agreement with the local broker that says if I find the buyer, I get 2.5%

Also, I think with my sales skills, I can sell it for more than they have it listed for on the MLS.

I am confident I can find a buyer, we need to sell the house quick and I don't want my Grandma's financial state to be in control of a non-motivated brokerage. I want to help, but also make a nice chunk of change off the deal. Anyone want to help me or lead me in the right direction?
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Old 09-17-2006, 09:22 PM
Ole_chilli
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Quote:
Originally Posted by ericthelight
how can I make money on this deal?
on: Today at 11:16:12pm Reply with quote Modify message Remove message
my Grandma has very old house that is on a valuable peice of wisconsin land, it is in Green Lake, becoming the next Lake Geneva, my parents have a contract with a brokerage firm that says they get 5%. I want to help sell the property and make a commission. How can I get an agreement with the local broker that says if I find the buyer, I get 2.5%

Also, I think with my sales skills, I can sell it for more than they have it listed for on the MLS.

I am confident I can find a buyer, we need to sell the house quick and I don't want my Grandma's financial state to be in control of a non-motivated brokerage. I want to help, but also make a nice chunk of change off the deal. Anyone want to help me or lead me in the right direction?


if you are not a broker I don't think you can ..

now maybe you can get a power of attorney from your grnadma and work teh deal that way.. not sure your motivation is to help you or granny though

Last edited by Ole_chilli : 09-17-2006 at 09:32 PM.
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Old 09-27-2006, 05:54 AM
hdavis13
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Default You can't and why would you want to?

First of all if you think you could sell it for more than the MLS, I would suggest you negotiate to buy the property for resale. In most states you cannot be paid by the brokerage company for finding a buyer. I would suggest waiting for the contract with the brokerage company to expire and then deal with your family on selling the place for a fee.
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