WHAT THEY WANT TO SEE
Something in the $90’s cash offer, no inspections, close quick with 10% down. The farther you get from this, the less chance you have of getting the home.
Keep in mind they always counter. The asset manager wants to show the Bank they attempted to counter offer to get the most for the property.
Plan your offer strategy accordingly.
Often times there are multiple offers on the same property at the same time. Most asset management companies have procedure in place called a Multiple Offer Form.
This gives each buyer the opportunity to make their highest and best offer.
Do your research carefully, use an experienced REO agent and you may get a great home at a considerable discount.