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Banks make Lousy Sellers!

With the surge of home inventory owned by financial institutions or on the verge of being foreclosed on, REALTORS® are met with the dicey situation of attempting to negotiate with a faceless REO department representative. Sometimes the process appears to have little regard for the desperation of the owner if they are still trying to hang on, nor for the buyer and their sense of urgency. Our timelines and normal contract procedures we adhere to here in Georgia just don't seem to hold true with these contracts and offers.

I believe there are some wonderful buys here on St. Simons Island and in Glynn County, GA, but certainly caution should be the order of the day. As is means "AS IS" and we as buyer's representatives must impress upon our clients the need to doing due diligence.

Posted Friday Feb 13