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General Business Discussions

A place to talk about general business discussions.
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  #11  
Old 08-01-2009, 07:01 AM
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swstout swstout is offline
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Quote:
Originally Posted by golfnpreacher View Post
I thought the idea was people were not getting paid, so while it might not get paid until closing, it would indeed be paid. I believe it must be paid in order to have a clear title.

Is is less expensive than going through small claim court?
I havn't filed a lien in years so I don't know the cost.

Yes, you will be paid at closing, but that could be a year or more down the road. The agent will make big bucks so it would be in his or her benefit to make the property presentable. If you do it for one property, they will expect you to do it for others. I guess if your cash flow is adequate, you could wait for your money, but with infaltion it will be worth less later.

Steve
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Old 08-02-2009, 02:38 PM
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Quote:
Originally Posted by swstout View Post
I havn't filed a lien in years so I don't know the cost.

Yes, you will be paid at closing, but that could be a year or more down the road. The agent will make big bucks so it would be in his or her benefit to make the property presentable. If you do it for one property, they will expect you to do it for others. I guess if your cash flow is adequate, you could wait for your money, but with infaltion it will be worth less later.

Steve

My thought was if I wasn't getting paid, then to file the lien, there would be no reason to file a lien if you were expecting to be paid at closing. However, if the option to delay payment until closing was presented, then I would adjust the rate accordingly.
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