OfflineI have been finding REO properties and then feeding them to my wife Cherise who then calls the listing agent. We just started doing this today and have had TREMENDOUS success with it. We have been finding that by going through our Realtor we have been getting alot of responses about how many "offers are on the property so don't bother if it isn't going to be full price" which was total crap since these properties have been on MLS for up to 175 days. We decided this would be a good route to take so we could get real truthful responses as to the details of the property because the LA would then get double commission on the sale. We ask for the LA then we tell them we are interested in a property, are cash buyers, have POF, do not ask for any special concessions and can close as soon as the Seller/Lender is ready.
We called ten LA's today for properties and here are the results.
We have 6 schedulings over next two days
3 are going to get back with us
1 is UC but it is expected to fall through
The best part is that 3 of the agents asked if they could show us other REO properties that they have and tell us of any other ones they pick up and we said DUH!
ABSOLUTELY!
Call the LISTING AGENTS for REO's!!!
Matt Behrens
FR Properties LLC
www.frproperties.net
"Our Priority... You and Your Family!"
Journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/67147/...
F.E.A.R- False. Evidence. Apprearing. Real.
Talk IS Cheap!
We now have 8 showings and 2 U/C out of the 10. That is MUCH better odds than what I was getting with my Realtor. We had a list of 25 that got narrowed to 3 in about twenty minutes of him calling around. Funny thing is 4 of these are properties that he had thrown out due to the LA's telling him there were tons of offers on them all at full price =)
Matt Behrens
FR Properties LLC
www.frproperties.net
"Our Priority... You and Your Family!"
Journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/67147/...
F.E.A.R- False. Evidence. Apprearing. Real.
Talk IS Cheap!
Thats awesome dude
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Where you at Lane??
Matt Behrens
FR Properties LLC
www.frproperties.net
"Our Priority... You and Your Family!"
Journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/67147/...
F.E.A.R- False. Evidence. Apprearing. Real.
Talk IS Cheap!
what is an LA
I will try that again- I called a couple of LAs in my area, left a voicemail (they didn't pick up after several attempts!); but I guess it makes sense-of course they'd prefer to take the whole commission, especailly since the prices have dropped so much.
djones2k: LA= listing agent
Happy Investing!
Valerie
Valerie
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I would never leave voicemails, always try talking to a real person. Another hint, DO NOT CALL THEM DIRECTLY, always call the office and ask for the LA of 123 Anywhere st. You will get them everytime...
Matt Behrens
FR Properties LLC
www.frproperties.net
"Our Priority... You and Your Family!"
Journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/67147/...
F.E.A.R- False. Evidence. Apprearing. Real.
Talk IS Cheap!
An LA is a listing agent
TheYungGun
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Chase Brooks
www.brooks-investments.com
What is a UC??
You guys making up your own language now?
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Under Contract... sorry Karen =)
Matt Behrens
FR Properties LLC
www.frproperties.net
"Our Priority... You and Your Family!"
Journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/67147/...
F.E.A.R- False. Evidence. Apprearing. Real.
Talk IS Cheap!
Just happened to run across this forum. Absolutely great tip! You will soon be the REO King. Another shining example of just "trying" something!!
John
Quitters NEVER win - Winners NEVER quit!
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