Home Buying in 94577>Question Details

Rita Williams, Real Estate Pro in 94608

Are there any investor friendly agents in CA bay area willing to make low offers,exp. with double escrow, etc.? Contact Rita ca.property@yahoo.com

Asked by Rita Williams, 94608 Sat Feb 19, 2011

Help the community by answering this question:


If you write an offer on a Bank Owned Property, don't expect your offer to get accepted if you write the offer more then .10% below current list. Banks will counter low offers back to full price. When a property has been on the market for 3 to 4 weeks the bank will lower the price by 5-10%. Sometimes banks will sell a property for greater then 10% below list when it is the end of the month, and you promise to close in 7 days or less and waive your contingencies. If you want a deal, then buy at the Court House Steps (trustee sale) Be aware that you will not be able to inspect these properties and must pay cash the day of the sale. If there are any liens, they would become yours. So there may be Agents that write low ball offers, but REO Agents will be less likely to suggest these agents offers to the Bank. Banks don't give away free equity.
0 votes Thank Flag Link Sun Feb 20, 2011
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer