Dealing with an Investor...Hey Folks, My wife and I are trying to be first time home owners. We put our first bid for a home in Berwyn Il. It was set in the high 160's and we submitted our starting bid at 10%. This is were it gets kinda frustrating. You see the home is officially owned by a big company. Not a bank, but one of these investor companies that buys up a boat load of houses at a time, flips them and sales them at a much higher price. We put our bid at 11am on Thursday and now its Monday evening and yet nothing. They told my agent we would hear something today, and gave a deadline of 5pm. But that was 3 hours ago. It's not helping matters that my agent is not really keeping me updated on things. I've called the agent and they tell me they will call me as soon as they hear anything. But that just not very comforting. At least if they said this is normal or kept me updated I would feel a bit more comfortable. So my question to you all is "is this or is this not normal protocal when dealing with mega bucks investors that own modest properties.August 20 2012 - Berwyn00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.