Reo Land

March 3rd, 2010

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Going to look at REO house.. better to take website realtor or our broker??

We are going to look at bank owned house that is up on the site for 175,000.00 bank bought for 109,000. Should we go see it with the realtor that posted the pic or our own broker/ realtor?? Can we offer 120,000.00 or is that too low?? House apparently needs serious work.. but we are looking for the land more..its got 13.21 acres.. with a 8 car garage.. Land is worth 79,999.00 and house was worth 119,000.

Go with the Realtor that posted the pic. If you do then this Realtor will be a buyer agent. The owner/ Broker will be the sellers agent. The buyers agent has a obligation to protect you and your interests. There could be something wrong with the house that you don’t know about. The Realtor should be able to detect possible problems. As for the price, depends on the market but it never hurts to offer a lower amount, whats the worst that will happen they counter offer a higher amount, there is harm-no foul.

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1930 Reo Speed Wagon Land O Lakes Butter Truck Ad


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