All Forum Posts by: Richard Mann

@J Scott - Thank you for the explanation, I understand better now.

@Monica Breckenridge and @J Scott - Just to be sure then, for short sale properties one should be prepared to follow through on all offers submitted to help ensure the homeowner does not end up in foreclosure, if of course you care about the homeowner (which I do).

I would assume then if the properties being bid on are REO's there would be no real issue with multiple offers in that situation, correct?

I would also assume that making multiple bids on normal MLS properties would pose no issue either since there are no legal ramifications for the owner.

Thanks again for the input.

@Monica Breckenridge - Thanks Monica, I certainly understand your point and I am one who wants always to do the right thing for myself as well as others.

True integrity is a rare attribute in the world and one of the reasons I asked the question.

Please correct me if I am wrong, but don't most Realtors try to have a backup offer in place so if the original one falls through there is another one to fall back on?

@Joel Owens - Thanks again Joel. Actually I have a gut feeling that the agent who I have been using called another investor right after showing me a property. As soon as we got done he got into his truck and made a phone call.

I put a bid in on that property within about 30 minutes after seeing it. It had only been on the MLS for less than 24 hours. I did not receive the paper work till much later that night to sign. I called him a couple days later and he told me that I was in the backup position because someone else bid before me and higher than me.

I don't normally distrust people but my gut has rarely let me down.

If it's true then I need to find another agent. I don't want to jump to conclusions and I really want to give him the benefit of the doubt but can't really ask him. So I was hoping there was a way to verify I was right or wrong about my feelings.

@Joel Owens - Thanks Joel. What about after the fact? Once the property is sold would that information be available?

@Mark Ferguson - Thanks Mark, appreciate the information. Good to have a goto guy in my own state.

@Brandon Turner - Thanks Brandon, I wasn't sure and want to do it right the first time.

Hey @Erik Palmquist

Welcome to the boards. I am down in the Springs and always happy to know others of similar mindsets in close proximity.

Look forward to getting to know you better.

Can any realtor see who wrote and submitted an offer on a property and when it was all done?

Would a realtor give me that information?

Not concerned with price or anything other than if I got snaked.

Thanks

Hi,

We have bids in on 2 different SS properties. There are several others that have come up recently that we might be interested in.

The bids we have placed are pretty much our best and final bid so counter offers will most likely not be accepted by us.

My question is how many bids is safe? Should we only bid based on what we know for sure we can handle?

Since they are short sales there is time involved and we don't really want to miss a deal if it comes along but don't want to overextend ourselves either.

Thanks

Rick

Thanks @J Scott - That's what I was looking for.

@Stephan K. - That's because it either does not know or have the pricing for AC units in that zip cod but the labor costs were probably shown. How did they fair in your area?

@William T. - The question is contained in the post.

Has anyone else seen or used this site and what were/are your thoughts on their accuracy?

Since this site provides approximate costs that would be used in rehabbing a property I believe it falls within the realm of a "real estate question."

As someone new to this field I am wondering if this site could be used as a tool for relatively accurate analysis until I have a handle on costs myself.