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My Broker Got onboard with Lee County Florida REOs !
What a happy day! My Broker made our first deal with REOs and we came up with an even dozen listings in the first shot. We can advertise these listings as individuals and of course we can sell them.
This is an important step....I can see now that very few individuals are going to win a lot of REOs in the Cape Coral Real Estate Market as we go forward. Having noticed the same names showing up on (most of) the listings for the last year, I have done a little informal survey to find out how they are doing it. Come to find out, the bigger brokerages with name recognition are swinging their weight around and capturing more and more of the concentrations with bigger banks. I don't object.....that's what a broker SHOULD be doing. I'm just surprised that so few brokers are doing it. Granted, many individuals are doing quite nicely with REOs, but I think the tide is turning.
The interesting thing about this to me, is that now I see a reason to be affiliated with a large brokerage. Most of the action in Cape Coral right now is with bank-owned properties. It is like throwing a bone into a pack ... more
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