This is an extremely sensible approach to REO practice. I do a lot of REO work for Lenders, and I would like all my sales agents to have this material.<\/p>\n
How to get an offer accepted? Use a Realtor!<\/p>\n
Many buyers are asking on various internet portals how to get an offer accepted.\u00a0 My answer is easy, use a Realtor. The multiple offer phenomenons have returned in certain markets. Where is that? The areas are in the Short sale and Bank-owned property. This market is smoking.<\/p>\n
\u00a0I have buyers who have submitted at least 15 offers. Forget low balls, think full price and above asking price. Then why is my offer still not accepted? Buyers ask these questions. How is it that the lower priced offer got accepted? The answer is they had cash, you have FHA. Many private remarks to agents state NO FHA. As discouraging it is you still have to keep going. Now the great news comes CONGRATS, your offer has been accepted, six, seven, eight months later still no Closing. Why is that? It is called SHORT SALE!.<\/p>\n
This process is tedious and lengthy. Do you have to patience for this?\u00a0<\/p>\n
I just closed on a Bank Owned Property, after four different attempts. Why did it take this long? The buyer had all cash, we needed to learn, that automatic low balls do not get acceptance. We were in multiple offers all four times. We missed out four times. Then as luck would have it, the first buyer did not perform. Said they had all cash, truth be told they were exaggerations. Then the second buyer did not perform either. So you would think we automatically came in. No, we had to give best and final to compete with three other buyers. So an All Cash nine day escrow with virtually no contingencies and a million dollar got us a property.<\/p>\n
\u00a0No what did it take to get the offer accepted? The answer is a good strategy, good financial status and a strong stomach to take on a fixer with virtually no contingencies and a Realtor that guided the buyer\u00a0through\u00a0these turbulent negotiations. So we had a happy ending on the REO.<\/p>\n
\u00a0We are still waiting on the Short Sale, patience is a virtue. We are being virtuous.If you are a consumer\u00a0 who is considering buying\u00a0 or selling\u00a0 a home, investment real estate, vacation homes, or beach properties in Southern California,\u00a0Los Angeles, Century City, Westwood, West Hollywood,\u00a0Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at\u00a0310.486.1002 (USA)\u00a0or email me\u00a0at\u00a0homes@endrebarath.com<\/a> \u00a0or visit one of my websites at http:\/\/www.endrebarath.com<\/a>\u00a0\u00a0Your Pet Friendly Realtor. I contribute a portion of My commission to Local Animal Rescue Organizations.\u00a0\u00a0<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"
This is an extremely sensible approach to REO practice. I do a lot of REO work for Lenders, and I would like all my sales agents to have this material. Via Endre Barath,Jr. (Beverly Hills,CA.310.486.1002 Coldwell Banker): How to get an offer accepted? Use a Realtor! Many buyers are asking on various internet portals how … Continue reading How to get an offer accepted? Use a Realtor!<\/span>