I would use the realtor that you are the most comfortable with, the listing agent will submit all offers to the bank for the banks consideration.
I would suggest that you make your best offer because you could have competition for the purchase from other buyers. This is why I would use a buyers agent, the buyer agent will be 100 percent committed to you, their client. Also, using a buyers agent does not change the commission that the bank is paying to the listing agent, it only affects how the commission is paid.
For more information,
Coldwell Banker, Tyre & Taylor Realty, Inc.
2765 S. Bay Street
Eustis, Fl 32726
I would get your own agent to assist you with the REO purchase. In my experience, I have made offers on my clients' behalf and had the REO agent tell me the bank would never accept the offer or the contingencies. In those cases the banks did eventually accept the offers. My point is sometimes the REO agent believes the bank won't negotiate and therefore leads a buyer to believe the terms are not negotiable forcing the buyer into a full list or close to it offer with no contingencies.
This is your choice, in Florida agents are Transaction Brokers and therefore we can represent both sides of the transaction. If you choose to use the listing agent (make sure the agent is a REALTOR) he/ she is bound to be fair and ethical to both parties by the NAR Code of Ethics and Standards.
In order to have your interests covered, you should use a buyers agent. This way the agent's interest
is not divided between you and the seller. I would however, make sure the realtor you are working with
is experienced with REO sales.
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