[quote=SD Realtor]No not flipped in escrow. The properties were basically reo homes that went from active to pending status immediately upon being put on the mls. My first suspicion was that they were all in house deals where the listing agents simply did both sides of the deal.
In my opinion it would seem that the agents did not make much effort to get the best offer for the properties. [/quote]
I would say that’s absolutely what is happening in about 80% of REO sales in T.V., these homes are pending in hours, where as if they would require them to have minimum of two week requirement I would bet the average price paid would be about 20-35K higher (but maybe that would not be what most Pigg’s would want to see but that is besides the point).
The point is they are for whatever reason not even attempting to get the best (highest) offer.
I would bet that if one would look up who was the listing and buying agent that it would be the same person (or at least in the same office) 70-80 % of the time .
