From the category archives:

House #18 – SOLD

Follow The Offer V

September 1, 2010

A few weeks ago, I wrote several posts about an offer that I had made on an REO property. The goal was to give my readers an idea of the back-and-forth we often have with sellers when negotiating purchases and our thinking throughout the process… The last update I posted was back on August 12, […]

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Follow The Offer IV

August 12, 2010

I’ve love to say I had a status on the offer we made last week that I’ve been posting about… But, unfortunately, still no word. We called the listing agent yesterday to ask the status, she said she’d look into it and get right back to us, and then no return phone call. It’s not […]

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Follow The Offer III

August 9, 2010

Not much to report on the status of the offer I’ve been discussing… As I mentioned in my last post, the listing agent asked for our best offer last week, and we still haven’t heard anything from the bank. Assuming this were a true “highest and best” situation where there were multiple bidders, I would […]

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Follow The Offer II

August 5, 2010

I posted yesterday the details of our latest property negotiations. As I mentioned, we had made an offer, the bank countered our offer, and we had just submitted a second counter-offer to the bank… This morning, the bank responded by requesting our “highest and best” offer. This essentially means that the bank doesn’t particularly want […]

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Follow The Offer

August 4, 2010

Not much to write about today, but since I get a lot of questions asking about the negotiation process I go through with my REO offers, I thought I would share the details of the latest house we’re in the process of negotiating. I don’t know if we’ll end up getting the house or not, […]

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