I offered 15% less than asking price on a REO that has been vacant for 500 days, they refused to even

Hans
Home Buyer
Wyoming

counter. I had two approval letters. Is the BAC deal slowing the process or do they think the market will turn?

Answers (1)
LUCI EDWARDS, C...
Agent
Bozeman, MT
FIRST ANSWER

Did your REALTOR make the homework?? I mean looking for sold comparables in the same neighborhood before making an offer...It's very important to know how much houses are selling in the same place, because that could be the case for the none response. Some times sellers get offended if there is no point for the lower offer, or even a by phone negotiation from REALTOR to REALTOR, least showing some respect to the other party.
That is the way I work , I know it is buyer's market, but I believe that proving a point and showing a respectful interest for the property counts more then 1000 words.
Call me if you need more help,
Thanks,
Luci Edwards

Sat May 10 2008, 13:00

Didn’t find what you were looking for? Ask a question!

Search Advice

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

View all » 1 - 3 of 59
Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback