Can I submit properties that are held on auction websites?
NO. As the initial offer from an iBuyer will be the highest and best offer, auction properties will not be a good fit for ExpressOffers. Additionally, most of our iBuyers have entire teams of people employed solely to watch for auctions, tax sales, etc. This is not the intention of our platform.
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Is there a limit to the number of properties I can submit?
YES. Agents are encouraged to do their homework on the properties before they submit to the ExpressOffers software platform for consideration. You are allowed to submit 3 properties a day. These properties must fit the buy box exactly AND make sense ...
Can I submit a HUD foreclosure to ExpressOffers?
Yes, however, when looking at HUD deals, pay attention to the offer restrictions of the other listing or on the HUD foreclosure website. Typically, the first 7 to 21 days are reserved for owner occupied offers ONLY. Investor offers will only be ...
How does ExpressOffers vet our iBuyers?
This is the vetting process to bring an iBuyer into our ExpressOffers platform: An iBuyer is expected to give us Proof of Funds (POF) in the highest amount of their Buy Box every two months. For example, if their Buy Box shows $100,000 to $500,000, ...
Colorado ExpressOffers Procedures
Jes and I created a video to explain why we have to do the procedure this way. Watch it here. Situation 1: You found an off market property that would be a candidate for the ExpressOffers program: Check to ensure the property completely fits a Buy ...
Can I submit Short Sale or Bank Owned (REO) properties?
Many of our iBuyers will entertain both short sales and REOs if the property fits into their 70 to 80% of After Repair Value purchase price. It is CRUCIAL that you identify the status of the property (Short Sale or REO) during the initial property ...