A couple weeks ago I attended a meeting and observed new tactics to getting more offers accepted whether they be private or REO homes. Upon taking this knowledge into application over the next week or so I noticed a direct correlation of falling perfectly within the guidelines and the banks countering back over what the home is currently listed at.
Now this advice came from some of the biggest REO agents in our marketplace. So I would be thinking that even though these agents dont need my deal to survive, they would be entertaining thier asset managers to the thought of accepting more deals with quick closings rather than waiting 60 days for it to be dropped and rack up the holding costs and attorney fees.
Being that I submit 10-30 offers a week and now offers get countered at ridiculous prices, I will have to up my ante in the form of higher EMD to show my offer is serious.
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