Greed is alive and well in the real estate world. I guess the temptation is just too great for many agents with REO listings. As an agent with 23 years of experience, I don’t work with buyers who are not qualified and motivated. When my partner and I make an offer on a home, we provide proof of funds and proof from a direct lender, where possible, to give a seller the comfort of knowing our buyer will close the transaction. Why have I had it??? Well, our offers are being shopped and used to get other buyers to overbid our offers. We have tried waiting until the last minute to send in our offers, but it doesn’t matter. My favorite line is ” we won’t be presenting offers until after open houses on Saturday and Sunday”. We all know why. These agents are trying to double end their properties. Just be straight up with those of us who have submitted legitimate offers and are working with good buyers. Don’t hang us out to dry for 11 days, as we recently experienced. This is just not right. I can understand wanting to double end a listing, but game playing does not belong in our profession. All of us love to double end as many of your listings as possible. Enjoy this run, but please respond to us in a timely fashion, even, if you send us a ridiculous counter, so the process continues. Right now it is not a “Buyers” market. It is the REO agents’ market.
Tags: agents, buyer, listings, real estate, REO







