In my post last week, I mentioned that I had made an offer on behalf of my client on a foreclosure, versus a short-sale. The property listed on June 11 and we made a full price offer on the 23rd. Too late! We learned today that the bank accepted an earlier offer.
I knew this was a steal of a deal…about $30K below market, so I’m not surprised that it was snatched-up so quickly. But I do have a bit of a gripe with the listing company. Some of these companies seem to be nothing more than listing mills. I was never able to actually speak to the listing agent and was continually directed to assistants, who basically wasted my time. The assistants seem to have been out of the loop, and didn’t even know that the bank had accepted the earlier offer and thus still had us complete a bunch of additional REO forms. Had I know we were only submitting a back-up, I wouldn’t have wasted time, and would have had my buyer out there looking at more properties. Sigh.
So we hit the streets again this Thursday. My buyer is in a situation where she needs to buy and close in July, so we can’t waste any time. Instead of waiting for the weekend, I’m pushing my clients to take time and get out there during the week if there is a hot property they need to see. I’ll keep you posted.
