What to offer for an REO property
21/05/08 11:02 Filed in: Real Estate
I was recently sent an email asking "What should I
offer the bank" on for an REO property. I explained
how they need to compute their Maximum Allowable
Offer (MAO) and then start lower.
It does not matter what the seller wants or even what other buyers might offer. As an investor you need to focus on the number that works for you. That number many times is determined by how you expect to exit the deal if the seller agrees to your offer. Read More...
It does not matter what the seller wants or even what other buyers might offer. As an investor you need to focus on the number that works for you. That number many times is determined by how you expect to exit the deal if the seller agrees to your offer. Read More...
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