Making Offers on REOs

[Lisa Monroe]

Good Afternoon Everyone,

I recently tried to submit an offer on an Orlando foreclosure. My offer was $50K and the listing price was $75K. It had been on the market for 65 days. It needed work and it was at market value. My realtor said the price was too low and she wouldnt submit the contract. She said bank properties sell for listing price but moreso between 5-10% higher. Is this true? Or did she not want to take the commission cut?

I am fairly new in the game learning on my own by reading books from the libraries and this site. I dont have a mentor even though I wish I did and I have gone through so many real estate agents because they are either too busy or unprofessional. Most dont return my calls and emails for at least 72 hours.

So at this point I dont know what to do and I am at the point of just giving up the entire real estate thing. The one I have now I believe is lying to me. What do you all think?