buyer agent: REO Sales - How to get more of them closed
- 10/02/08 09:55 AM
I was just on a panel this morning with an REO Assett manager from Wacovia bank. Let me share some of the ideas that he and I gave to the attendees: If you can, always talk with the listing agent before you write an offer. Each bank has its own quirks, so you need to know what they expect, othewise they many not even consider your offer, especially if multiples. Not always a good idea to be first with an offer. The bank, like most sellers, thinks that it is listed too low and hopes to get more ...so they might (5 comments)
Guy Berry is a frequent expert witness in real estate litigation and an accomplished trainer in real estate law and contracts. In addition he has been licensed for 30 years as an agent and managed large offices, including Coldwell Banker and Century 21.