http://transparentre.comQuick Bloghttp://transparentre.com/2008/05/13/reo--foreclosure-online-resources.aspx#comment-1048508Scott Roemermann2008-05-16T00:58:09Zhttp://transparentre.com/2008/05/13/why-mainstream-media-should-be-developing-online-real-estate-magazines.aspx#comment-1047049Landflip2008-05-15T11:40:12Zhttp://transparentre.com/2008/05/13/reo--foreclosure-online-resources.aspx#comment-1044838
The biggest pain, believe it or not is working with buyers or agents that have absolutely no clue about the REO market. The banks are desperate to get the homes off their books and in most cases they discount the price to be lower than most other homes in the neighborhood. However, the banks won't take a 50% offer. Try and come in as close as possible to the listing price and everyone will be much happier and you'll find the transaction will go through much, much smoother with less headaches. You may even get an executed contract the same day you submit your offer and close in less time than a standard residential transaction.

Also, you have to understand that when you make offers on a bank owned home, you're dealing with employees - not homeowners. Employees are following their office protocol and don't feel the need to sell at a discounted rate. In fact, you can imagine their peformance will be measured by how close to the listing price they can get on each home.

Recently I added a page to my website: http://www.orlando-real-estate.biz/Orlando_REO_Properties/page_2023589.html to help buyers with questions about purchasing REO properties.

It's an easy process believe it or not, and if you're not already working with REO's, then you should be. There going to be around for the next couple of years and offer some of the best deals on the market for your clients.]]>Orlando Foreclosure2008-05-14T13:55:21Zhttp://transparentre.com/2008/05/13/reo--foreclosure-online-resources.aspx#comment-1044768Jillayne Schlicke2008-05-14T13:28:15Zhttp://transparentre.com/2008/05/13/reo--foreclosure-online-resources.aspx#comment-1044751]]>Pat Kitano2008-05-14T13:22:08Zhttp://transparentre.com/2008/05/13/reo--foreclosure-online-resources.aspx#comment-1044711Sfvrealestate2008-05-14T13:01:42Zhttp://transparentre.com/2008/05/13/why-mainstream-media-should-be-developing-online-real-estate-magazines.aspx#comment-1043790Tom Royce2008-05-14T05:44:38Zhttp://transparentre.com/2008/01/06/year-of-the-blog-networks.aspx#comment-1042933Better Homes and Gardens) should hopefully see this trend and provide the Web 2.0 marketing infrastructure to make their agents more competitive.
]]>Pat Kitano2008-05-13T21:14:57Zhttp://transparentre.com/2008/05/13/reo--foreclosure-online-resources.aspx#comment-1042918]]>Pat Kitano2008-05-13T21:06:55Zhttp://transparentre.com/2008/05/13/reo--foreclosure-online-resources.aspx#comment-1042255www.frontlineseminars.com. I attended their school last year and it has been very valuable in build my short sale and REO business. Jim Aldrich www.teamaldrich.com]]>Jim Aldrich2008-05-13T16:05:40Z