REOCertified® LOW BALL PURCHASE CONTRACTS practice is NOT perfect

Education & Training with Browning Real Estate School/REO Institute

LOW BALL PURCHASE CONTRACTS, practice is NOT perfect!!

Many Real Estate Professionals like to practice writing purchase contracts. I have been Listing REOs for many years, averaged 20-30 Listings a month for the last 4 to 5 years.
Almost every (REO) Listing I have had, a Real Estate Professional writes a LOW BALL offer, the AMs always tell them to go away. What happens is: the AM (Asset Manager) has their own territory, (Denver market, LA market and so on). The AM specializes in one area for one year or many years, if one REALTOR or Real Estate Professional continues to write low ball offers over a period of time, they could get black balled! The AMs will not even look at their current or future purchase contracts seriously!!

The AMs do not like to waste time, especially THEIR time! If you like writing purchase contacts for practice, please, continue to write low ball offers. In this situation, practice is NOT perfect.

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Posted by

James A. Browning MRE, CIPS, CDEI, REOCertified®, CEC, BPOR, ShortSaleCertified®, SFR

NAR, ABR, REBAC, CAR, CREOBA, REO Institute, National Speaker/Educator

CEO, Founder, REO Institute

Author, Best Selling: BPO & REO Simplified, "How to Work With Asset Managers"!

Office: 303-465-2889

Cell: 303-668-7053

Fax: 303-465-3778


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