Does full price get it done?

These REO or bank owned properties can be frustrating to buy.
You see it listed, approach the listing agent make a full price offer
and....not good enough. It's attractive because REO's are usually
the lowest priced homes in a neighborhood. Unfortunately, the listing
agent will take MULTIPLE offers on the property. In essence, it becomes
a bidding situation. Yes, even if you're the first one to show up and put down
a full price cash offer, the listing agents are instructed to take as many offers
as possible within a specified time frame. How can you keep from missing out
on a great deal? Be in position to make the bank deal with you.

I'll explain how in my next post...