Here’s a lead!

 Posted by at 7:03 am
Dec 062013

But don’t get too excited…

My name is Begenc Gundogdyyew from Turkmenistan, I want to buy a family living home in your country, please let me know if you can assist me. What i need is a single family home, a big kitchen, a car garage that can content up to 3 cars, a flower garden and also a pool. I will be happy if u can put the pictures together and sent it to me for me to make selection with my wife and children. I am ready to purchase a house that will not be more than $2,000.000 (Two Million US Dollars).

The life of my family is no longer safe here in Turkmenistan, the government and my political opponent want to assassinate me and my family, they have several time tried to assassinate us, but the Almighty God has always been with us. You know when you are against the wrong doing and evil acts  of the government you are bound to have a lot of enemies.

Please I want you to assure me that you will assist me and my families relocate to a very safe and gated area in  your city,  i want you to keep this plan of mine very confidential let it just be between you and me please, this is due to my present situation in Turkmenistan.

Waiting for your quick reply.


Begenc Gundogdyyew

money bagsI’ll provide the email address to licensed agents who have completed a course I’ve taught and will agree to pay my agency a 25% referral fee. No, wait… for a limited time I’ll give the referral for a mere 15%.

I’d suggest you sign Begenc up as a client fairly quickly as that would invoke the fiduciary duty of confidentiality he seeks. Unfortunately, the world already knows his motivation and his price range–a mistake he might not have made if he’d seen the Real Estate Brokerage Relationships Form prior to having a substantive communication with us. He hasn’t, however, disclosed his time frame for completion and students from my courses will probably recognize the need to “qualify” him on that point. “If we find a property today that meets your family’s needs, are you…?”

You also probably noticed he hasn’t mentioned whether or not he’s been to a lender and pre-qualified for the requisite mortgage to purchase the property. However, given the nature of this potential transaction it would probably make sense to get a client agreement before suggesting that or asking for proof of funds.

I might also suggest that you clarify his cap of two million. He may not realize there are closing costs, transfer tax, etc. (You do know how to estimate those, right?) If he’s working close at two million, it might make sense to reduce that top end–or at least be prepared to negotiate a closing cost concession with the seller.

In the interest of fairness to those considering a client relationship with Begenc, I should probably also point out Begenc wishes to be in a “gated community” in a city, thereby eliminating much of the Maine Market. Of course we also don’t know how he defines “city” and that should probably be a point of clarification in preparing a buyer representation agreement.

Since it sounds like this will be more than an “arm’s length” transaction done without a showing, it probably wouldn’t be necessary to have a disclaimer that your company is not including personal protection services.

There. Now tell the truth… how often do you get offered a referral like this (only 15%!) AND some advice for getting started? What a change from the “Have you got any good foreclosures under $20,000 that I can buy and flip…? I must have the Christmas Spirit to be this generous!