MLS Offers

[Chris C]

OK, I took the plunge..Made 3 Offers on MLS properties all 3 Bank Owned.. First realtor put the offers together and sent contracts to me to sign along with an email comment that don't expect the offers to be accepted and don't expect counters..

The other Realtor laughed at me when I gave her the offers over the phone....She said she is selling 20-25 REO propertiers monthly at an average of 85% of asking price....She said she would make verbale offers.

Here is what the deals looked like.. First house ARV..115K if I want to take a yr to market...Quick sale after rehab 89,900..Needs 12K+ in rehab listed for 79,900 I offered 47,500...2nd again quick sale 89,900, listed for 69,500 needs Min 22K in rehab. I offered 37,500, 3rd Quick saled 85,000 listed for 64,900 needs 12-15K in rehab I offered 37,500..

Couple of questions: Am I putting offers in that are to low? Do I need to make more realistic offers? Am I using the wrong Realtor? (Used listing Realtor on all 3). All 3 of these properties could be sold for more that I have shown but I am looking for a quick sale no long term wait. Also I am using Hard Money @ 65% LTV.

Advise please...I would like to hear from the Pro's that are making offers on MLS properties... What can I do to inprove my odds?

Thanks In Advance!!!!!