It's so easy, yea-yea........NOT!

Well the economy is in the tank and the Real Estate market is one of the leading causes (so they say, I disagree) so I had this brilliant idea! Lets make foreclosed and REO properties easy to sell, I mean the banks need the money don't they or or did the bailout money put them in a position that they don't have to sell the property.

How many of you have had this problem before - You take a perfectly qualified buyer to an REO property and they LOVE it, so you make an offer - a good offer. A day later the listing agent calls and says "we have a multiple offer situation, I'm gonna need the best offer you can get me". You then make an even better offer than the really good offer that you had already made because quite frankly it is a great deal, That much house for the money. Tick tock tick tock, another day passes then the call comes in that yours was not the best offer even though it may have been $10,000 over the asking price (unbelievable).

You then move on to the next deal putting this one as far out of your mind as possible. Less than a month later you find your buyer a home that they love and you have done your job. Several months pass and you drive past that REO property that you made the incredible offer on and what to your wondering eye should appear but a for sale sign shinning bright and clear. You rush home to check the MLS and it is for sale again and guess what....The price has been reduced, What the @#$!

So back to my original point, these properties should be easier to sell, less red tape, better respect for the buyers and the agents, better service and last but not least, work with people to get the deals done. Well thats my two cents, thanks for listening.

Roy