First Offers on REO

[Letisha Carter]

I'm finally taking action!!! I will submit my first 3 offers tomorrow on some REO properties. I wanted to know if it is standard to not enter a contingency for due diligency period of 5-14 days. I thought this was fairly normal (but what do I know, right--lol).

My agent is stating the market is so hot it won't get accepted. Please help!!! I am not local to that market (I have run 6 months prior comps within 2mi of property). It seems there is room for my buyer & myself to win, even with rehab but...I would like to travel there & check these out w/home inspector especially since I'm so new.

What do you experienced wholesalers encounter with due diligence contingency?