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  • February 12, 2009 at 8:16 PM #346040
    SD Realtor
    Participant

    Abe if I were to venture a speculative guess based on no facts but what you presented I would guess the agent is getting both ends of the deal. That is all I could guess at this point. When it closes we will know. Or you could call the brokerage and just poke around a little bit. It does not hurt and let’s see a little bit more fact finding.

    Your point about the free market bidding is well taken and understood. I get that. Especially for properties that have something nice to offer.

    Again though I don’t see this as a friend of the bank buying the home.

    February 12, 2009 at 8:31 PM #345490
    no_such_reality
    Participant

    Frankly, it’s a cruddy sellers market. “Bird in hand” makes a lot of sense.

    Things to consider:
    1. The highest offer isn’t necessarily the best offer.
    2. The seller doesn’t have to take multiple offers. More time means more expense. More expense means a greater loss.
    3. The best REOs never make it to the MLS.

    February 12, 2009 at 8:31 PM #345812
    no_such_reality
    Participant

    Frankly, it’s a cruddy sellers market. “Bird in hand” makes a lot of sense.

    Things to consider:
    1. The highest offer isn’t necessarily the best offer.
    2. The seller doesn’t have to take multiple offers. More time means more expense. More expense means a greater loss.
    3. The best REOs never make it to the MLS.

    February 12, 2009 at 8:31 PM #345919
    no_such_reality
    Participant

    Frankly, it’s a cruddy sellers market. “Bird in hand” makes a lot of sense.

    Things to consider:
    1. The highest offer isn’t necessarily the best offer.
    2. The seller doesn’t have to take multiple offers. More time means more expense. More expense means a greater loss.
    3. The best REOs never make it to the MLS.

    February 12, 2009 at 8:31 PM #345953
    no_such_reality
    Participant

    Frankly, it’s a cruddy sellers market. “Bird in hand” makes a lot of sense.

    Things to consider:
    1. The highest offer isn’t necessarily the best offer.
    2. The seller doesn’t have to take multiple offers. More time means more expense. More expense means a greater loss.
    3. The best REOs never make it to the MLS.

    February 12, 2009 at 8:31 PM #346050
    no_such_reality
    Participant

    Frankly, it’s a cruddy sellers market. “Bird in hand” makes a lot of sense.

    Things to consider:
    1. The highest offer isn’t necessarily the best offer.
    2. The seller doesn’t have to take multiple offers. More time means more expense. More expense means a greater loss.
    3. The best REOs never make it to the MLS.

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    Posts
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