What a realistic assignement fee for this deal? - Posted by Wm-Pa

Posted by Barry (FL) on April 17, 2004 at 08:49:57:

To be honest with you, I get a bit greedy on properties that need little to no work. My market is very hot and I just retail these things.

Can you not close on the property? Is the house vacant? Does the seller know what you are planning on doing.

I am going to make some assumptions here:
You can’t close.
The owner doesn’t know.
The owner is still in the property.

I have an understanding with my best buyers. They know what I pay and they don’t care what I make. They pay what makes sense for them.

I dont think that 5k is unfair for you to make, I’d actually be trying for a bit more if I could. It depends on when you need to close etc.

I like Terry’s idea, shop it and get your best price.

Hope This Helps,
Barry

What a realistic assignement fee for this deal? - Posted by Wm-Pa

Posted by Wm-Pa on April 16, 2004 at 21:29:43:

I have a house under contract for $50,500. House, as is will comp at $90,000.

There is about $40K equity so I was wondering what anyone thinks is a fair assigment fee to an investor who is VERY interested in this house.

Thanks,

Wm-Pa

Re: What a realistic fee - Posted by Larry TX

Posted by Larry TX on April 18, 2004 at 19:04:01:

I have been told a fee of $1,000 for each $5,000 the retail seller/rehabber can expect to get is reasonable

Re: What a realistic - Posted by Ken (Fl)

Posted by Ken (Fl) on April 17, 2004 at 21:36:44:

Where in PA are you? I may be interested in the property. We can discuss assignment fee when all of the particulars are available.
E-mail me willbuyhomes@yahoo.com

God Bless,

Re: What a realistic assignement fee for - Posted by Terry (Houston)

Posted by Terry (Houston) on April 16, 2004 at 21:58:28:

Why not hold a open house for investors, and homebuyers, and see what you can get from a bidding war?

If the homeowner will not go for that then send the investors to do a ‘drive by’ viewing and see what offers you get.

Just a thought.

Terry (Houston)

What a realistic assignement fee for this deal? - Posted by Barry (FL)

Posted by Barry (FL) on April 16, 2004 at 21:55:35:

Does it need any work? If so how much?

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What a realistic assignement fee for this deal? - Posted by Wm-Pa

Posted by Wm-Pa on April 17, 2004 at 06:53:45:

Barry,

No work needed. Will sell in the High 80s to to low 90s.
SFH. Is 5K too much to ask? What is your opinion?

Thanks,

Wm-Pa

realistic assignement fee for this deal? - Posted by Brent_IL

Posted by Brent_IL on April 17, 2004 at 14:26:13:

I’d try retailing it. “Qualify for an 80% LTV and we’ll give you five years to make the down payment.”