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Arrowhead Escrow Blog▣ HUD Homes vs Bank REO Part 2...0 Comments added to this post HUD Homes are more profitable per deal than Bank REO! Check it out...
HUD HOMES vs BANK REO…PART 2 of 3
As everyone saw last time Southern California HUD Homes are special. They are not like most Bank REO properties. The process is completely different so why wouldn’t the commissions be?
Well on Bank REO there is a listing agent and a selling agent and they split the commission on the property. Based on our experience most banks will pay 5% total commission. So that means if both agents split the commission 50/50 then each agent will get 2.5%.
Southern California HUD Homes can be a true money maker for agents. Why? Because there is no selling agent! HUD Contracts with a company called Pemco who list and manages allof the Southern California HUD Home inventory. Pemco doesn’t take one red cent from the commissions. That means you, the agent get the entire 5%!
On top of the 5%, if you close your Southern California HUD Home with a buyer who is going to occupy the property as their primary residence you get a $500 bonus at closing! Yeah, for finding someone to buy the house at full bid price, and who is going to live there you will get another $500 at the closing of your buyers Southern California HUD Home! Plus your buyer gets a $1000 incentive.
SO GET OUT THERE AND FIND A BUYER FOR A SOUTHERN CALIFORNIA HUD HOME!!!
--Arrowhead Escrow
last edited on August 26th, 2009 at 7:36 PM |
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