If the agent deals in reos he will not take a generous commission. Try to remember that agents get graded on each reo deal they perform. They have a job to get the highest and best price in the least amount of time. The sales price will be compared to an independent BPO. If they consistently do not measure up, the asset management company will not toss them reo listings.

Just make a strong offer. The agent is double ending the deal. Just don’t expect much representation, do your own diligence and don’t rely on the agent for anything.

As lame as the inventory is, come in strong and come in fast.