REO’s The Big Bad Bank

REO is the new buzzword for investors.  It seems that we all know about REO’s like we have heard about them forever but until recently it wasn’t mainstream.  Now when you put in an offer on a REO it feels like there are 10 other people doing the same thing on the property you are trying to buy.  Question?  How do I get mine accepted?  The trick is to have a clean offer, shorten up your terms for inspection and increase earnest deposit but most of all, use the listing agent as your buyers agent.  When all else fails, giving people more money as an incentive to help your deal get through sure doesn’t hurt.  Of course no one will admit this, but we all know MONEY TALKS…..Happy