Just few other tips that we have leart buying REOs and by being a Realtor. None of this information is prohibited by the seller but there is always a rule of thumb. Normally REO sellers such as banks take 85% of the asking price. HUD is typically asking for 86% NET of the asking price, which means after paying out realtors their commission, repairs, fees, etc, they are looking for 86% net of the asking price. Are there any other figures or rule of thumb that you could share?
Just few other tips that we have leart buying REOs and by being a Realtor. None of this information is prohibited by the seller but there is always a rule of thumb. Normally REO sellers such as banks take 85% of the asking price. HUD is typically asking for 86% NET of the asking price, which means after paying out realtors their commission, repairs, fees, etc, they are looking for 86% net of the asking price. Are there any other figures or rule of thumb that you could share?
Tom and Jeri
www.TuCasaInvestors.com
www.TuCasaRealtyllc.com