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Foreclosures, REO, Bank Owned Properties
How the Foreclosure Process Works

If you have purchased a property before and are interested in purchasing a foreclosure be prepared for different type of transaction. The process differs primarily because you are dealing with a bank instead of an emotional seller.

  • Discuss with Triple8 Broker or Agent about your real estate goals. Everyone wants the best deal that is a given. Are there any other specifics that we are dealing with such as a 1031 Exchange Timeline or Credit Issues.
  • You must be pre-qualified before we start the process to establish your Buying Power
  • You must be in Buyers/Brokers contract with Triple8 Associates.
    • Question? - Why do we require you sign a Buyers/Brokers contract with us? Because we are dedicating our resources to you to meet your real estate goals and expect to be paid. If you are a Buyer, almost 100% of the time the Seller pays Triple8 Associates so essentially your representation is at no fee to you.
    • If you feel working with 3, 4 or more Real Estate Agents having them all look for the same property type for you without a contract we suggest you look elsewhere for representation. Ethics and Trust plays a big role in any transaction.
  • Getting a offer accepted takes more than writing $100,000 low ball offers on multiple properties. Again if you are interested in using multiple real estate agents to write low ball offers on properties again we suggest you look elsewhere for representation.
  • Our goal is to meet your real estate goals but of they are unrealistic and after seeing the numbers and stats and inventory you still feel that we do not know the market as well as you then it's time to move on.

There is a process in dealing with sellers representing banks. Patience and persistence is two of the most important. Follow-up and Tenacity are two more that will get your deal done.

Give us a call if you are interested in working with Triple8 Associates, you wont be disappointed.

Thank you Foreclosure Specialists Las Vegas

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2004 - 2010
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