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	<title>Find out about Real Estate on the Monterey Peninsula &#187; REO</title>
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	<description>Realty World - American Dream Realty</description>
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		<title>The power of patience</title>
		<link>http://montereyhomesblog.com/2009/06/28/the-power-of-patience/</link>
		<comments>http://montereyhomesblog.com/2009/06/28/the-power-of-patience/#comments</comments>
		<pubDate>Sun, 28 Jun 2009 22:36:01 +0000</pubDate>
		<dc:creator>Kerry Harvell</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[Buyer]]></category>
		<category><![CDATA[REO]]></category>

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		<description><![CDATA[I want to tell you a story about a friend of mine named Rigo. I meet him at a seminar I hold in my office on how to buy REO properties. He had worked with other Real Estate Agents, had written offers and was not happy that he didn&#8217;t hear back on why his offers [...]]]></description>
			<content:encoded><![CDATA[<p>I want to tell you a story about a friend of mine named Rigo. I meet him at a seminar I hold in my office on how to buy REO properties. He had worked with other Real Estate Agents, had written offers and was not happy that he didn&#8217;t hear back on why his offers weren&#8217;t selected.</p>
<p>I educated him on the process, answered his questions and he made the decision to choose me to be his buyer&#8217;s agent. I was honored he picked me, but I was honest with him and explained that we would have to work hard to get him a property he would like. You see, Rigo is not a rich man. He works hard for a living and is like most first time home buyers. We were looking for a really good deal, but our competition was using stronger financing than us.</p>
<p>Because of that, we wrote many offers that were not accepted. The inventory started shrinking and even more buyers joined the hunt. Rigo was getting discouraged, but I continued to promise him that if he&#8217;d trust in me, I would find him the right place at the right time.</p>
<p>Well, that time just arrived. I got a tip on a new REO that had been on the market for a long time as a short sale. Agents sort of forgot about it and I told him we had a chance if he wanted it. We wrote the offer and negotiated the acceptance.</p>
<p>Rigo is ecstatic. He will tell you it was harder than he thought it would be. He&#8217;ll tell you he had started to give up hope. He&#8217;ll tell you he&#8217;s still nervous because it&#8217;s going through escrow. The main thing he&#8217;ll tell you is to persevere. He had faith in me and I&#8217;m so happy he did. </p>
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