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reos: A strong offer from a committed buyer...that's what the asset managers want. - 08/02/09 01:44 PM
I know it is frustrating to show buyers dozens of homes, write dozens of offers, and not get into contract. Agents might even resort to submitting offers on homes their clients haven't seen or submit offers on multiple properties at the same time.
Last week I had an REO listing in which the bank responded to the first choice offer only to have the buyers agent say their clients were no longer interested (it was a quick response by the way). That was fine. However, when we responded to choice #2, #3, and #4 who said the same thing...it was a little suspicious. We finally … (3 comments)
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reos: REO Agents... tips on getting the listing right... - 10/03/08 07:11 PM
Ok, i'm just going to lay it out there because most agents are either on the buyer or seller side of REO (real estate owned) aka bank owned property nowadays.
I've been to half a dozen forums, training, talks, etc., where REO agents sit up in front of a crowd telling everyone how many phone calls, emails, stupid questions, etc., they get each day. They talk about what the buyers agents can do to make things easier for the listing agents.
My colleagues and I have conferred and we would like to eleviate the incredible pressure on the REO listing agents who are struggling under … (3 comments)
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reos: West Sacramento REOs - 03/01/08 08:24 PM
I've been following the number of bank owned properties in the Southport area of West Sacramento (95691) very closely to see what is happening in the market. The Southport area is a nice (smaller) alternative to Natomas and a newer alternative to Woodland.
The buyer activity has been incredible lately (it was actually strong throughout 2007). In looking at bank owned homes built since 2000 priced at entry level (ie $350k under), there are 16 active, 23 pending (in escrow) and amazingly...72 have sold since January 1, 2008. The banks have been pricing these homes aggressively.
Many of the homes are in the Bridgeway Lakes … (0 comments)
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reos: success in submitting lowball offers... - 02/19/08 03:55 PM
We've had some great dialogue about low-ball offers and how to deal with them. In many cases, it will come down to setting your clients' expectations. Remember when you used to take a buyer and and warn them that the house they see today and want to sleep on tonight will probably go to the buy who saw it yesterday and slept on last night? For the moment, those days are on hold. We did train our clients to be prepared to pull the trigger otherwise their dream home would be long gone and prices will be even higher on the … (0 comments)
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Lori Prizmich
Davis,
CA
More about me…
ReMax Gold
Address: Davis, CA, 95618
Office Phone: (877) 328-4757
Cell Phone: (530) 845-3325
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