As for why people don't respond. Just imagine the you are the listing agent, you get over 100 calls, dozens of emails, and text, when you already have your top 3 picks, would you stop to call all those 100 people back? When they don't even know status themselves, bec they are waiting on bank.
Here's a great video on REO's and short sales. For me I enjoyed it, because so many people have so many why's to why people are unresponsive , and often it's NO fault of the buyers agent, you can't get mad, you just need to keep offering, and stick to your highest an best, cause all others wind up in the cemetery with no call backs.
How to buy a REO or Short Sale - Enjoy and have a good laugh. Monopoly is a #'s game. MOST BUYERS DON'T SUBMIT HIGHEST & BEST and that is one main reason short and simple for losing the deal.
Michelle R. Reyes
The Handy Realtor
Miami / New York
BiG Thingz Management, LLC
Many real estate professional, myself included, do market homes to my 'A List' first. Then to those agents who particiapte in the "First Look" plan will get notification. There are five levels of buyers this home will be prsented to before it ever appears on Redfin or Trulia.
A Alma suggested. the REDFIN business model has consequences. Now you see them.
If you want the good stuff, before anyone else, you will need to pay to play.
Finally, the entry is made into the MLS for statistical purposes or if the first five groups rejected this as a property they wanted. Without making this entry I have no tangible evidence regarding the amount of real estate I help owners sell or buyer acquire.
DEMONSTRATE yourself as in SERIOUS buyer and those multi-dimensional agents who know more than one way to buy and sell real estate may place you on the 'A-List." The 'A-List' has rules. Redfin suggests you are a poor 'A-List' candidate.
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
Some properties have coming soon signs out before they hit the MLS too ~ and folks might be submitting offers prior to their MLS launch.
People assumed that you are not working with a Realtor because it sounds like you're doing all the hunting instead of the other way around. Which is part of what we do to earn our commission ~ Find you places that fit your parameters.
Yes, I agree it's absurd and not acting in the best interest of a "regular" seller or REO if the property is not kept in active status and shown daily for at least a week and then everyone submits their highest and best.
If you're not paying CASH then you will be at a severe disadvantage because I'm sure most properties are selling to all cash buyers "above" a price it can possibly appraise for.
If you want to take a risk, buy at the courthouse foreclosure auction or you can buy on Hubzu.com and have a fair chance to bid via auction.
The Keyes Company
For the Miami market you have to be an aggressive buyer.
If you are a serious investor and you are concentration on Miami then you need to find a Realtor to work with and not rely on Refin.
You actually made me laugh with this comment, "I would have purchased straight away at double the list price". Yea