What is the retainer for and why is it necessary?
We are a “for profit” company. We need to make money to stay in business. When we collect money from a client up front it does a couple of things. First is it enrolls you with your credit consultant and begins your journey with them immediately. Second, it allows us to line up the rest of our team to begin helping you. Agents, investors, consultants, lenders, appraisers, inspectors, and all else who are needed to pull this off for you. As you can imagine, our contacts and team members would not be happy to spend time and money helping you if you aren’t serious about actually following through with a purchase. So, this is a way of asking for a small deposit to show you are serious. Lastly, once we actually make an offer on a property you choose, we become financially liable for the deal. We begin to incur expenses directly related to that home, and if something goes wrong or you change your mind mid stream, we need to be protected.
