First Deal… should I be a little nervous?? - Posted by Charity
Posted by Charity on December 26, 2000 at 09:19:00:
Well, I am signing my very first “deal” this Saturday. A L/O from a very motivated couple. Pretty house, only 3 yrs old, great n’hood and will have a 12 month L/O with 2 years renewable at my option. Monthly payments are $1,000 and I will L/P to my T/B for $1300. I have several people lining up for a home and cannot find the homes fast enough.
However, with this being my first deal, I am so nervous! I have been an agent for 5 years, but this is so different than what I was trained to do. I am so scared I will forget a stipulation or a piece of the contract or that the T/B won’t pay… Is this normal?
On that topic, what happens if the T/B doesn’t pay for some reason? Do I evict them or does the owner have to?