Working With a Realtor to Buy a Bank Owned Property

Posted by on July 22nd, 2008 at 02:17am

Soul Pitt Diversity Directory » Welcome to Soul Pittâ??s NEW Diversity Directory! wrote an interesting post today on
Here’s a quick excerpt
 
by Brent Wilson
 
Your success in investing in bank-owned properties will depend to some extent on finding and working with a suitable Realtor.
It’s also wise to do some of your own research on local REOs (bank-owned property), whether it be via REO web sites, the local multilist (Realtor.com), or any other resources you can find.
Some Realtors are competent in dealing with REOs and will readily show you any listing, and some are not so competent. Some Realtors become reluctant to show very cheap houses, since the commissions are so low. It is critical that you find a Realtor who will show you EVERY house that might be suitable, no matter how cheap. Some Realtors also become reluctant to show some REOs because the lenders pay only a low commission, and they could receive a higher commission if they show a different house.
This sort of selective marketing by your Realtor will work […]

Read the rest of this great post here

Under Uncategorized