This is projo real estate transactions in a nutshell. I know that many of you are busy, but if you feel like you are a self-starter, you can save yourself some time for a small fee. The only real work is in the marketing of your property, and the rest of it can be done for free.
First, you are going to need people to sell your property. A property manager will take care of that and send you a pre-paid check. Then you need to go out and find the people who are going to want your property. This is usually done by finding buyers themselves, but you could also get them to sell you their own property. This is called an option agreement in real estate, and it is often the best way to go if you have no idea what you are doing.
Option agreements are an awesome tool for real estate agents, because they can help you out with some of the legal jargon that you will need to know. For example, if you are selling your house for a month, you might want to put in a pre-paid month-long option for the option to buy your house. That way, you can offer to buy the house for $4,000, but if the buyer declines, you can purchase it for $3,000.
This is a great example of why option agreements are so important in real estate. It allows you to buy the house in the month you list it, but if your buyer doesn’t take you up on the offer, you have the option to buy it for the same price. It is also important because it protects the seller from having the option expire.
What I love about this option is that you dont have to be the one to buy the house. The seller can sell it to you and then you can buy it for the same price the seller offered you.
This is the part that makes this option agreement so good. If you are the seller, you have a lot of power in real estate transactions. You can simply say, “Hey, I’m offering you $1,000,000 for this property. If you accept my offer, I’ll buy it for $1,000,000.” This way you dont have to put in any effort.
Of course, there is a catch. If you buy the property at the end of the option, then you have to pay for it in full. You cant just buy it for the price you paid and then leave. This is a big problem for real estate brokers, because they don’t want the buyer to leave, and they are probably not going to get their cut. In the case of projo real estate, both parties pay upfront.
Projo is a real estate broker. Its clients are buyers and sellers of houses. The process works like this: Buyers have the opportunity to buy a house for 1,000,000, with an option to extend their contract and pay 1,000,000 in full in advance. They sign a contract, and then in exchange they get to live in the house for one year. After one year they can extend the lease, and then for another year.
The issue is that you can’t cancel the contract without paying upfront. Projo real estate brokers don’t make money directly from your home purchase. Instead, they make money by “selling” houses with contracts that you have to purchase upfront. If, for example, you buy a house with a contract that has a 30-day notice, you’ll lose 20% of the value of your house.
The property manager of a property will make money if you pay them for selling your contract. If you buy a house with a contract that has a 30-day notice, that money goes to the property manager. They just want to make sure you know that they’re a professional, so they give you their contact information and send you their business card.