| Allison Norman |
707.799.3617 |
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Buyers Specialist |
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When you're buying or selling property in today's real estate
market, it's important to have confidence in your real estate
professional. My commitment as your local Realtor is to provide you
with the specialized real estate service you deserve. I am a Northwest Santa Rosa area residential specialist, serving all areas of Sonoma County from Petaluma to Cloverdale, Sonoma to Sebastopol and Bodega as well. If you are buying or selling a home outside of the Sonoma County, I can help you find a Realtor with knowledge and experience in that particular area. As a real estate investor, I understand the investing side of the business and I can help you through the process. If you already own investment property, I can help you with your 1031 property exchange With over twenty years of customer service experience, I know the importance of service and commitment. Whether you're a first time buyer, seller or a seasoned investor, I will remain with you every step of the way to insure that you get the best possible deal, with a smooth transaction. I look forward to helping you achieve your dreams. |
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Getting the Best deal in an REO Transaction:Many times I recieve calls from Buyers eager to buy a foreclosed property at "auction" or they ask me when an REO will be "auctioned off". I usually ask them to clarify the term "auction". Many buyers think a listed property we advertise as a "Bank Foreclosed" or "Real Estate Owned" (REO) property will be auctioned off to the highest bidder. This does happen but usually after a home as been on the market for many months. Most newly arrived properties to the market, if in a good area, are now generating multiple offers and go over the asking price! Some Buyers, however, get confused over the foreclosure process. A property will go to "trustee's Sale" and this is very much like an "auction" but without all the shouting and drama!! One the County Courthouse the clerk asks if anyone wishes to bid on this property and then they give the foreclosure amount which is usually hundreds of thousands MORE than what we eventually will realize from a sale!
Some banks are now pricing their
"trustee's sale" properties at much lower than
the foreclosed upon amount to generate a quick
sale to get out from under the property. You
sometimes can get a great price but you'll need
a cashier's check to get the property--CASH!!
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