Up Front Agreements; It’s essentially the other side agreeing to what is about to happen next.

Name: Up Front Agreements; It’s essentially the other side agreeing to what is about to happen next.
Uploaded: 2024-02-28T00:27:09+00:00
Duration: 22 s
Channel: Jake Burhans
Description: Jake Burhans asks a seller to confirm sole ownership of a property. Undisclosed partners like spouses or siblings can surface late in a deal and force…

28 Feb 2024 · 0 min

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Jake Burhans asks a seller to confirm sole ownership of a property. Undisclosed partners like spouses or siblings can surface late in a deal and force the seller to seek new approvals, potentially killing the transaction. Confirming ownership upfront prevents these last-minute derailments.

Now, is it just you that owns the property? Just you? Okay. Yeah, only reason I ask is I'm not, I'm not saying this is the case here, but we've had sellers in the past who say they're the only ones involved, then we get all the way to the finish line, everything's good to go, and then last minute they got to run it by their partner, their wife, their husband, their brother, etc. But just makes doing the deal really difficult. Just wanted to make sure that, yeah, doesn't happen here. It doesn't sound like it. No, no. Okay.