Bank's and other outlets for REO's have very specific rules and procedures for handling contracts, I explain these in a addendum that is to be attached to all contracts submitted, it says what can be done and what cant, it says what items need to be submitted with a offer in order to be submitted and so on.
The amount of times i receive incomplete offers is appalling, do these agents not care or are they just that lazy. they are there not for a waste of time but to explain what is needed and what to expect.
Invariably this is the agent that will be the loudest and rudest when they call.
GRRRRR...
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I am client focused results based Realtor whose interest is in "getting our clients from where they are to where they want to be" My team and I service the entire Phoenix Metro area.
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Andrew,
You may want to start your explantion to other Realtors with " Your offer will not be submitted if" etc etc.
Although, you shouldn't have to. They should all be reading the instructions on the mls. In a perfect world:)
A perfect world? I haven't seen one, but it makes sense to read what the other agent writes. I know I always do. I just sold my first REO property (Closing next week) and it went very smooth. Actually it was easier than selling a regular house. Kudo's to the listing agent!
I have been on both sides of REO's and they go pretty smooth..but I do read all of the fine print and of course if the other agent adds verbage to contract I read that!
It's correct to charge my buyer a processing FEE at the time of closing from the listing agent?
If I don't put this in the first offer they didn't present my offer.. and will called as incomplete offer.
(Now my client do not want to pay that processing fee to the listing agent?)
They can forced my client to do it, even if the offer is Full price offer?
Carlos, i would call the listing agent's broke on the fee, any fees charged by the seller to me is something I pay, i would never think about passing it on to the buyers agent.