Is No News Good News?

Real Estate Agent with RE/MAX Executive Realty

Waiting is so hard!!! With so many foreclosures on the market, and the values being so good, it's a smart move for buyers to consider them. Although some have problems such as destruction caused by angry people losing their home, or everything taken out including the kitchen sink (I'm not kidding!), many are in fine shape.

 I have placed an offer for a client on a bank owned property a little over a week ago. We are still waiting for the verdict. My client did not have the only offer. Nerves of steel are sometimes a requirement when working with bank owned properties.

It will be well worth the patience if things go their way, but the waiting is so hard!! There are phenomenal deals out there so the wait can be worth the agony.

 Some banks will respond to offers quicker than others. It is important to work with a Buyers Agent who is experienced in foreclosures. There are issues that could cause problems when it comes time for the appraisal. An experienced Buyers Agent will be able to alert you to the potential problems. For example, a cooking unit is required when financing with an FHA Mortgage. If there is no range, plans will have to be made ahead of time.


Randi Steckler is an Accredited Buyers Representative. Randi is a Realtor with RE/MAX Executive Realty.

You can reach Randi direct at 508-944-0090, or by E-Mail at

Randi has the experience working with both Buyers and Sellers that is needed to achieve success. See Randi's blog  For valuable information regarding real estate in the MetroWest area.

 Want to see all available homes?  See Randi's website.

A Warm Home is a Sign of a Happy Heart!

Comments (2)

Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

I have an offer in on a foreclosure right now and the banks policy is they will not respond until the home has been on the market for 3 days. I guess they figure they may get multiple offers.

Mar 26, 2009 08:45 AM
Randi Steckler
RE/MAX Executive Realty - Hopkinton, MA


This is a condo that's been on the market for 15 days, and over a weeks gone by since our offer. That's why it's so frustrating for the buyers.

Mar 26, 2009 09:30 AM