Secrets REVEALED: Do REO Agents “Swipe” All the Best Deals Themselves?

As a broker, who’s been on “both sides of the  fence”, so to speak, both as a purely “traditional” broker, and later, as a big REO broker, I’ve heard this question plenty of times. Even with the huge inventory of REO properties, that are on the market today, it is often hard to secure a great property for your buyers. No matter how hard you try, how “Smart” you might be or how often you watch the market like a hawk, hungry for prey, you still can have a heck of a time latching onto anything worth chasing. So why is this? Are you just having a streak of bad luck? Or are you fighting a battle that simply can’t be won? Could it be that REO listing agents are somehow “holding back” the good properties, for their own buyers? Are they “hiding” them from the rest of the market, so that they can make a quick buck, with a super easy in-house deal? Do they “feed” their investors the homes that are easy to flip, so that they can rake it in on BOTH ends, and then do it over and over again? Well, we’ve been talking about this quite a lot, on my REO training calls and in REO training articles, over at REO Rockstars. The short answer(s) are: Maybe. Not Really. Yes. and No.  Not very helpful? Well, you have to remember, that in REO, real estate, and in any other business for that matter, that there are always going to be the good, the bad and the downright ugly crowds. Some play by the rules and some just don’t. So does this mean that the “bad” REO listing agents are REALLY powerful, or even savvy enough, to be able to routinely “trick” the rest of us, or to pull “fast ones” over on their clients? Or is it perhaps the market-wise investor, who simply keeps beating you to the punch with some higher-level “know-how”? Read more about the tricks you can use, to be sure that YOU are the one who’s getting to the good stuff first, right here…