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Updated about 8 years ago,
Buy bank owned property with/without an agent
I am a new investor looking to make a purchase on a foreclosure. I had heard that I might have a good opportunity at getting a better deal if I do not have a buying agent. This property has been sitting for some time and we are heading in to the dog days of winter here in Minnesota. I might submit my offer stating that my original offer will be unrepresented by an agent unless countered. My thought is that this agent would really like to make some commission on this property as it has been sitting for a while and if I am a fair bit below asking the agent my be motivated by getting both sides. Thoughts?