OfflineHey everybody. I'm working on my first deal! Yeah!
Kinda nervous because it's an REO and I need to double close. I didn't want to start out with double closing because I find them to be totally confusing.
So here's the deal. I'm in San Diego and I offered $226,800 on an reo which they were asking $324,000 for.
Comps showed it was only worth $312,000. I went with 30% Discount on asking price. They accepted my offer without a counter. I'm on a timeline so what do I do now? I intend to get some inspectors over there asap. Once I have some estimates on repairs what's my next moves? They haven't asked me about earnest money yet. But what's next? When do I need to double close?
Can I ask the bank to pay for agents fees, or any closing costs? And what about the double close? Will there be any problem with seasoning, or the bank blocking a double close. I know they said the name on the offer has to be the name that closes. Help! 
Karemah
Karemah,
give me a call, so I can run your numbers & see if I can help you out. I might be interested in the deal. Tony has my number & was going to give it to you.
Jason S.
San Diego, CA.
**All CASH House Buyer!**
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Hey Jay,
Thanks, I'll give you a call.