Well, I have completed today's boot camp on REO's. Okay, I confess to leaving a bit early. My body just couldn't sit still any longer. What I did learn and would like to share is for all of you buyer agents who have clients that want to put in a offer.
#1 Make it a real offer. The bank knows what the property is worth and no they won't take any offer just to get rid of the property.
#2 Banks require a good faith deposit. Usually 1-3% of the offer price. Call the listing agent and find out the amount. If they don't know, or say it doesn't matter. It does. Take at least 1%. Fax the listing agent a copy of the check with the P.O.
#3. Your commission cannot be negotiated. It is what it is.
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Sounds like you've been busy. Now to what's important. Anyone hungry? Let's meet up later and eat somewhere. Start calling.
ReplyDeleteHope you get a little sleep.....
ReplyDeleteSay hi to everyone for me.
Have a great Saturday.