where do I send a short sale offer ? via fax or via e mail.

Asked by Jesus, San Antonio, TX Tue Oct 26, 2010

i am an investor and i am interest in making a cash offer to buy a property in a short sale....

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Tony Z - In The Field’s answer
Tony Z - In…, , San Antonio, TX
Wed Oct 27, 2010
If you are an investor, you probably know you don't need a "buyers agent", as the sellers agent will do all the paperwork for you. All the buyers agent will do is step in and glean 3% paid by the bank. Since you now know this, you can ask the sellers agent to take 4% (instead of 6%) to make your offer more attractive to the bank, or (what I like to do) give an early Christmass present to a realtor that pulls comps for you and have them submit the paperwork and yell love you for the bonus.

And to answer the question... If you are working with the bank REO, send the SS offer to the REO agent or Realtor and keep up with them each week. If the "owner" is still in the house (pre foreclosure), you have to put together a SS packet (with contract, hardship letters, etc.) and submit to the bank. Let me know if you need help putting a packet together. Good Luck!
Web Reference:  Http://www.ITFtraining.com
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Faye Taylor, , San Antonio, TX
Wed Oct 27, 2010
If the home is listed the offer has to go to the listing agent. The listing agent will be in contact with the bank IF the seller accepts your offer. A buyers agent does not cost you but is paid by the seller; if you do not have a buyer's agent you might want to get one.
0 votes
Anna M Brocco, Agent, Williston Park, NY
Tue Oct 26, 2010
If the seller has agent representation, think about having your own--if you don't have an agent, do consider the idea before making any offers--otherwise contact the listing agent with your offer.
0 votes
Dallas Texas, Agent, Dallas, TN
Tue Oct 26, 2010
You need confer with your buyers agent who will handle all the details. Many times there are private remarks in MLS only Realtors can read not the general public with instructions.

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
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