Working With a Realtor to Buy a Bank Owned Property
by Brent Wilson
Your success in investing in bank-owned properties will depend to some extent on finding and working with a suitable Realtor.
It’s also wise to do some of your own research on local REOs (bank-owned property), whether it be via REO web sites, the local multilist (Realtor.com), or any other resources you can find.
Some Realtors are competent in dealing with REOs and will readily show you any listing, and some are not so competent. Some Realtors become reluctant to show very cheap houses, since the commissions are so low. It is critical that you find a Realtor who will show you EVERY house that might be suitable, no matter how cheap. Some Realtors also become reluctant to show some REOs because the lenders pay only a low commission, and they could receive a higher commission if they show a different house.
This sort of selective marketing by your Realtor will work [...]
Original post by turnebiz