Do you have your loan approval? Or are you paying cash?
Are your funds ready to close? Proof of funds to close?
Are you willing and able to accept the property with the strict guidelines from the Seller?
Are you prepared to pay more than the asking price if necessary? Can you close quickly?
What kind of contingencies are you willing to waive?
These are the types of questions you are going to be asked when you meet and write your offer.
As already stated almost all the realtors here have experience with purchasing REO'S.
What you should do is look over the profiles of a few of us agents who are familiar with the are you wish to purchase in ( 95148?). Then contact one of us who you feel will represent you well and go from there.
Feel free to contact me:)
At your service,
Certified Distressed Property Expert
As you can see, there's plenty of great agents out there who can assist you! Give any of them a call and I'm sure you'll find one with whom you can work. Just keep in mind that there are inherent problems with purchasing an REO, so you need to be really aware of the possible problems and be certain that any issues concerning the home can be resolved without "breaking the piggy bank" for repairs.
Although I usually provide rebates on the commission provided to the buyer's agent, in most cases, I cannot do this with foreclosure and short-sale properties because the banks will not allow it. I can, however, rebate the cost of home inspections, reports, termite inspections, and some repairs. So if you're interested in a home, and in saving some money, why not give me a call?
Area Pro Realty-People's Choice
Tel (408) 426-1616
Thank you for posting the question. If you still have any question and/or concern, please give me a call or send me an email.
as many as 42 other offers. There are extremely important items within an REO offer that Must be
strictly followed or you will never have your offer accepted. Many clients have come to me after submitting offer after offer and many times I have been able to have their offer accepted on the first
property. Call me to find out how to write the Strongest Offer that can be written on an REO. It is NOT always about the highest Price.
Bradley R. Wilson
488 Blossom Hill Rd. Suite B
San Jose, CA 95123
DRE 01491944 NMLS 340990
Direct: (408) 228-7867
FAX: (408) 273-6975
Bob Tran, Realtor, SFR, CHS, BPOR
Short Sale & Foreclosure Resource
Certified HAFA Specialist
Broker Price Opinion Resource
VS Realty & Loans, Inc
Cell: (408) 334-3698
Office: (408) 289-5370
Fax: (408) 289-5375
2114 Senter Rd, Suite 11 , San Jose, CA 95112
Currently, in San Jose California we are experiencing a seller's market. We are currently experiencing multiple offers with overbids on properties that are in desirable locations, and reasonably good locations.
Winning one of those bidding contests requires the assistance of an agent who is knowledgable and experienced.
You need to sell yourself to the seller as if you were selling yourself to a potential employer as if you were applying for a job.
For an REO seller that means selling yourself to the bank and the employees of the bank who will make the decision which offer to accept..
You need an agent who can help you with packaging your offer and convincing the seller that your offer is the best of the multiple offers that you are competing against.
Charles Butterfield MBA
Real Estate Broker/REALTOR
Cell Phone: (408)509-6218
Email Address: firstname.lastname@example.org
My firm has been winning deals for our clients even in the midst of a very hot market. Several have been deals for investors where we got deals done for 7-10% below the market price.
I am an REO listing agent for BofA, Chase, EMC, IAS-REO. I have listed and sold countless REO's in Santa Clara, San Mateo, Alameda and Contra Costa Counties. I have been an REO listing agent since 2007. Check out my REO web site @ http://www.reofirstpacific.com/
for a list of REO homes I have sold.
Then, call (408-316-0793) or email (email@example.com) me so we can discuss what you need to win your REO offer.
From there we have a systematic checklist that we use that defines all of the variables in the transaction. We can explain the entire process in a formal meeting but to summarize we work from the organizational requirements through to the specific characteristics, history, comparables and loan assessments for the property. Criteria that must be understood before we present an offer may include such items as in house it investor owned asset, amount of primary loan amounts and fees associated with the lenders recovery actions.
The course of this process allows us to develop a working relationship with both the listing and or REO representatives. Processing an REO can ve simplified by this initial due diligence.
From this point we initiate the property investigations and reports to insure that all of your future ownership rights are protected once you close.
I believe you posted questions on this forum approximately one month ago as we answered several other questions.
Ifcyouvwete require assistance please contact my office for a free no obligation assessment of the property thatbyour are exploring.
Great care and Gid Bless you and your loved ones,
The Conley Real Estate Group
Intero Real Estate Services