OfflineOk I'm working on my First Assignment Deal , sent my RE Agent My POF Letters & Copies of Checks & i'm just patiently Waiting on word of A Deal .
I Just wanted to ask those who've Done Assignments How long did or do you have to wait for them to say you have A Deal?
I'm Just Wondering cause I'm like ok i'll give it until next week for them to tell me anything .
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Just In Case Your Wondering Yes I already Got My Team together
I Have
A Escrow Company
A RE Agent
A Buyer
2 Trannsactional Funding Companies
& We are All ready to Go , Just are waiting on whoever to get back to my RE Agent on my Offers & Stuff .
In the contract you sent over with your offer it should have a time stated on there when they have to accept or reject your offer. If there was not a date put then it is left open unless the contract has a default date.
I would review your contract and see if a date was put on there. If not then you can choose to pull your offer after a certain amount of time.
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Candace,
if the property is an REO, then it could be anywhere from 4 days to 5 weeks.
The bank may have many foreclosures, different departments to review them...
Your realtor should follow up with the REO agent on a regular basis...
wishing you great success,
valerie
Valerie
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If you had an agent put in an offer, follow up with the agent. There should be dates on the contracts and your agent should know the dates and be able to follow up with the seller. You just need to stay on top of your agent.
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I wouldn't patiently wait. All your offers need to have deadlines, so the bank actually has to do something about your offers. Keep adding to your buyers list, find other deals and work on them. Then when they get back to you, work on it.
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Thats what I've done Today I went & Put in Other Offers On Properties in Florida & Is Waiting on that Real estate Agent to get back to me on them , While I wait on My Deal In Beverly Hills,CA , I Do REO's , Bank Owned , & Foreclosed Luxury Homes , Estates & Mansions That are needing to be sold Quickly by the Banks .
So Yes I'm Not waiting to Much On this One Deal Cause I Have Other Projects I'm doing Including Building My Own Home In Woodland Hills,CA On The Land that I'll Buy.
So I have other things to do besides waiting on one Deal to come through .
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I'm E-mailing my Agent each Day To check up on Our Status Yes Everyday , Hes told me hes been on it every hour & every day checking up on What the Sellers & all are doing .
& thanks you guys , Its wonderful to be on DG.COM & have others to help you out .