Hot Properties
Posted 8 months, 2 weeks ago at 6:22 pm. Add a comment
At present, nearly 50% of all the properties that are selling in Sonoma County are what we call distressed sales, that is, the sellers are in financial difficulties. These fall into two categories and if you are planning to buy, it’s important to understand how this type of real estate works.
REOs: An REO (Real Estate Owned) is a foreclosure, a property which the bank has foreclosed on and now owns. The bank is the seller.
A Short Sale is a property which an owner still owns but which is being sold for less than the value of their mortgage.
HOT BUYS
Click here and I’ll send you the latest list of REOs and Short Sales in the County.
Real Estate RADAR©
Want to be alerted when a specific type of property comes on the market? Just pick your parameters and you’ll get automatic emails whenever a new property hits the market that might work for you!
Neighborhood Watcher©
Want to know what’s happening in YOUR neighborhood? Or keep informed about property transactions in another neighborhood of interest? Just type in an address as the center of the area and select a distance of how far away from that you want to look and you’ll get updates of all the property transactions that occur in that area!