I have recently restarted to look for a property with a new realtor.

I asked the Realtor to put in two offers for me.

One was 80% of the asking price of an IndyMac owned house that was listed for 196,000

The other offer was 83% of a Condo owned by ABN AMRO
that is listed for 179,900 This property has 2 morgages and an equity loan involved which says to me the closing timeframe will be very long. The morgage loans and equity loans are from different Banks.

My question is ..........

Is offering 80% of a list price on a Bank owned property too low ???

I dont think it is !

And I am so tired of snooty Realtors.

The Realtor has spent less than 2 hours of her time with me. Both properties were within 5 miles of her office.
It's not like I am dragging this poor Realtor all over the place.

I basically told her to have both offers ready by Friday at the latest. She then tried to scare me by saying what happens if both offers are accepted , which doesnt scare me in the least . I think I did a petty good job of not telling her off, mainly because I am polite enough not to fight with an elderly woman Realtor.

So to reiterate, am I being unrealistic or wasting the Realtors time ???

TY for any response you might have ???
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