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January 19, 2010 at 9:29 AM #503904January 19, 2010 at 10:38 AM #503525pemelizaParticipant
“Seems like making an all cash offer, at a fair price, with a sub 2 week closing is the only way to get one of the few quality REO properties.”
This is how we got our house except we did 17 days. If you are paying cash in North County Coastal, the courthouse auction is the hot ticket right now and frankly some of the deals being made are jaw-dropping but getting a deal like that is probably a lot of work and luck.
I think the standard 20% down buyer can do much better at short sales than REOs but you have to have the patience to see things through. If you look at the shorts that do make it to closing many of them close below market price. Some of the REOs that come on the market overpriced are also opportunities if you can catch the bank at the right time.
January 19, 2010 at 10:38 AM #504264pemelizaParticipant“Seems like making an all cash offer, at a fair price, with a sub 2 week closing is the only way to get one of the few quality REO properties.”
This is how we got our house except we did 17 days. If you are paying cash in North County Coastal, the courthouse auction is the hot ticket right now and frankly some of the deals being made are jaw-dropping but getting a deal like that is probably a lot of work and luck.
I think the standard 20% down buyer can do much better at short sales than REOs but you have to have the patience to see things through. If you look at the shorts that do make it to closing many of them close below market price. Some of the REOs that come on the market overpriced are also opportunities if you can catch the bank at the right time.
January 19, 2010 at 10:38 AM #504012pemelizaParticipant“Seems like making an all cash offer, at a fair price, with a sub 2 week closing is the only way to get one of the few quality REO properties.”
This is how we got our house except we did 17 days. If you are paying cash in North County Coastal, the courthouse auction is the hot ticket right now and frankly some of the deals being made are jaw-dropping but getting a deal like that is probably a lot of work and luck.
I think the standard 20% down buyer can do much better at short sales than REOs but you have to have the patience to see things through. If you look at the shorts that do make it to closing many of them close below market price. Some of the REOs that come on the market overpriced are also opportunities if you can catch the bank at the right time.
January 19, 2010 at 10:38 AM #503923pemelizaParticipant“Seems like making an all cash offer, at a fair price, with a sub 2 week closing is the only way to get one of the few quality REO properties.”
This is how we got our house except we did 17 days. If you are paying cash in North County Coastal, the courthouse auction is the hot ticket right now and frankly some of the deals being made are jaw-dropping but getting a deal like that is probably a lot of work and luck.
I think the standard 20% down buyer can do much better at short sales than REOs but you have to have the patience to see things through. If you look at the shorts that do make it to closing many of them close below market price. Some of the REOs that come on the market overpriced are also opportunities if you can catch the bank at the right time.
January 19, 2010 at 10:38 AM #503378pemelizaParticipant“Seems like making an all cash offer, at a fair price, with a sub 2 week closing is the only way to get one of the few quality REO properties.”
This is how we got our house except we did 17 days. If you are paying cash in North County Coastal, the courthouse auction is the hot ticket right now and frankly some of the deals being made are jaw-dropping but getting a deal like that is probably a lot of work and luck.
I think the standard 20% down buyer can do much better at short sales than REOs but you have to have the patience to see things through. If you look at the shorts that do make it to closing many of them close below market price. Some of the REOs that come on the market overpriced are also opportunities if you can catch the bank at the right time.
January 19, 2010 at 6:06 PM #503513peterbParticipantFind out who the listing agent is and go tell him/her that you want to make on offer and you dont have an agent yet. Then ask them if they will be your agent. If their brokerage/client doesnt have a rule against this, you should have a decent shot at it.
January 19, 2010 at 6:06 PM #504056peterbParticipantFind out who the listing agent is and go tell him/her that you want to make on offer and you dont have an agent yet. Then ask them if they will be your agent. If their brokerage/client doesnt have a rule against this, you should have a decent shot at it.
January 19, 2010 at 6:06 PM #503659peterbParticipantFind out who the listing agent is and go tell him/her that you want to make on offer and you dont have an agent yet. Then ask them if they will be your agent. If their brokerage/client doesnt have a rule against this, you should have a decent shot at it.
January 19, 2010 at 6:06 PM #504146peterbParticipantFind out who the listing agent is and go tell him/her that you want to make on offer and you dont have an agent yet. Then ask them if they will be your agent. If their brokerage/client doesnt have a rule against this, you should have a decent shot at it.
January 19, 2010 at 6:06 PM #504397peterbParticipantFind out who the listing agent is and go tell him/her that you want to make on offer and you dont have an agent yet. Then ask them if they will be your agent. If their brokerage/client doesnt have a rule against this, you should have a decent shot at it.
January 19, 2010 at 7:16 PM #503669sdrealtorParticipantJust hope its not me because i have a hard time representing buyers on my listings unless they are a slam dunk best offer on the property and its a still a good deal for the buyer. I could make more money if I did but I have a hard time doing it. I closed about 50 short sales and only respresented the buyer once.
January 19, 2010 at 7:16 PM #504066sdrealtorParticipantJust hope its not me because i have a hard time representing buyers on my listings unless they are a slam dunk best offer on the property and its a still a good deal for the buyer. I could make more money if I did but I have a hard time doing it. I closed about 50 short sales and only respresented the buyer once.
January 19, 2010 at 7:16 PM #504156sdrealtorParticipantJust hope its not me because i have a hard time representing buyers on my listings unless they are a slam dunk best offer on the property and its a still a good deal for the buyer. I could make more money if I did but I have a hard time doing it. I closed about 50 short sales and only respresented the buyer once.
January 19, 2010 at 7:16 PM #503523sdrealtorParticipantJust hope its not me because i have a hard time representing buyers on my listings unless they are a slam dunk best offer on the property and its a still a good deal for the buyer. I could make more money if I did but I have a hard time doing it. I closed about 50 short sales and only respresented the buyer once.
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