How quick do REO homes usually sell for, especially when new? Why are they holding out so long when there are?
very few people in my area buying? We have offered twice and they have dropped the price. I know how much they paid for the house, so how much should I be offering?
Answers (1)
FIRST ANSWER
I did a series of blog posts on buying REOs - read them all, as they will help you not fall into traps other buyers are falling into daily. To answer your question directly, read this post which was designed to help you understand the process on the other side of the transaction: http://therealestatewhisperer.blogspot.com/2008/07/making-of…
Web Reference: http://therealestatewhisperer.blogspot.com/2008/08/reos...
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