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bsrsharma
ParticipantSorry, I was not clear. My argument is REO’s are obviously one sided contracts and have to be recognized for what they are. Hence, it only makes sense if you get at least 30% advantage over a more equitable contract. My main argument was the value of “As Is” with “defects” clause. That should be considered like buying a used car with no warranties compared to a new car.
ParticipantSorry, I was not clear. My argument is REO’s are obviously one sided contracts and have to be recognized for what they are. Hence, it only makes sense if you get at least 30% advantage over a more equitable contract. My main argument was the value of “As Is” with “defects” clause. That should be considered like buying a used car with no warranties compared to a new car.
ParticipantSorry, I was not clear. My argument is REO’s are obviously one sided contracts and have to be recognized for what they are. Hence, it only makes sense if you get at least 30% advantage over a more equitable contract. My main argument was the value of “As Is” with “defects” clause. That should be considered like buying a used car with no warranties compared to a new car.
ParticipantSorry, I was not clear. My argument is REO’s are obviously one sided contracts and have to be recognized for what they are. Hence, it only makes sense if you get at least 30% advantage over a more equitable contract. My main argument was the value of “As Is” with “defects” clause. That should be considered like buying a used car with no warranties compared to a new car.
ParticipantSorry, I was not clear. My argument is REO’s are obviously one sided contracts and have to be recognized for what they are. Hence, it only makes sense if you get at least 30% advantage over a more equitable contract. My main argument was the value of “As Is” with “defects” clause. That should be considered like buying a used car with no warranties compared to a new car.
Participantcheat the system to double end the deal.,
Why do you call it cheating? If someone is planning to buy an REO and intentionally skips having a buyer’s agent (A low ball cash buyer), don’t you think the listing agent will expedite that buyers request and get him the deal (compared to some one coming through a buyer’s agent). If one is smart enough to buy an REO, I think they should deal with just one agent to get the lowest price.
Participantcheat the system to double end the deal.,
Why do you call it cheating? If someone is planning to buy an REO and intentionally skips having a buyer’s agent (A low ball cash buyer), don’t you think the listing agent will expedite that buyers request and get him the deal (compared to some one coming through a buyer’s agent). If one is smart enough to buy an REO, I think they should deal with just one agent to get the lowest price.
Participantcheat the system to double end the deal.,
Why do you call it cheating? If someone is planning to buy an REO and intentionally skips having a buyer’s agent (A low ball cash buyer), don’t you think the listing agent will expedite that buyers request and get him the deal (compared to some one coming through a buyer’s agent). If one is smart enough to buy an REO, I think they should deal with just one agent to get the lowest price.
Participantcheat the system to double end the deal.,
Why do you call it cheating? If someone is planning to buy an REO and intentionally skips having a buyer’s agent (A low ball cash buyer), don’t you think the listing agent will expedite that buyers request and get him the deal (compared to some one coming through a buyer’s agent). If one is smart enough to buy an REO, I think they should deal with just one agent to get the lowest price.
Participantcheat the system to double end the deal.,
Why do you call it cheating? If someone is planning to buy an REO and intentionally skips having a buyer’s agent (A low ball cash buyer), don’t you think the listing agent will expedite that buyers request and get him the deal (compared to some one coming through a buyer’s agent). If one is smart enough to buy an REO, I think they should deal with just one agent to get the lowest price.
ParticipantThis is so inequitable I wonder if it’s legally enforceable.
I think anyone who wants to buy an REO is obviously weighing the risk of buying an “As Is” property with all the “Defects” in order to get a good deal. (Some times 30% off). So, it is essentially a “Venture Capital” operation. You buy a 600K property for 400K with a small chance of having a surprise $50K repair.
ParticipantThis is so inequitable I wonder if it’s legally enforceable.
I think anyone who wants to buy an REO is obviously weighing the risk of buying an “As Is” property with all the “Defects” in order to get a good deal. (Some times 30% off). So, it is essentially a “Venture Capital” operation. You buy a 600K property for 400K with a small chance of having a surprise $50K repair.
ParticipantThis is so inequitable I wonder if it’s legally enforceable.
I think anyone who wants to buy an REO is obviously weighing the risk of buying an “As Is” property with all the “Defects” in order to get a good deal. (Some times 30% off). So, it is essentially a “Venture Capital” operation. You buy a 600K property for 400K with a small chance of having a surprise $50K repair.
ParticipantThis is so inequitable I wonder if it’s legally enforceable.
I think anyone who wants to buy an REO is obviously weighing the risk of buying an “As Is” property with all the “Defects” in order to get a good deal. (Some times 30% off). So, it is essentially a “Venture Capital” operation. You buy a 600K property for 400K with a small chance of having a surprise $50K repair.
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