Question by Sunshine: If you would like to buy an REO property would you use the listing/sellers agent as your agent too?
(hoping to get a lower price). And what do you think it would be a reasonable offer for a condo (REO property), listed for 450k in Northern CA (1400 sq ft) considering I intend to use the same real estate agent as the seller (which is the bank that owns now the property) and that I realy like the unit. thanks a lot.
Answer by Stacy
No I wouldn’t because any agent with half a brain writes into the contract that if there’s no buyer’s agent, the seller’s agent gets the full commission. It’s very unlikely you’d save a dime, buy you’d be handing the money meant for your representation to a person who cannot and will not serve your interests.
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