Bay Area Foreclosures & Bank Owned REOs for Sale
Welcome to Bay-AreaREOs.com Search ALL Bank Owned Homes For Sale in the San Francisco Bay Area. Single Family, Condos, Lofts & TICs.
Distressed Homes:
Available in San Francisco
Distressed Homes:
San Francisco Bank Owned
And Short Sale Homes
Bay Area Foreclosed Bank Owned Homes
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Call Steve or Zoë
415-613-8940
info@Bay-Broker.com
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Available Bank Owned Homes (REOs) for Sale in the San Francisco Bay Area
SEARCH RealtyTrac Pre-Foreclosure, Auction, Bank Owned Bay Area REO Homes.
Working with a San Francisco Realtor / Broker
Our Buyers receive all the benefits of working with a full-service Realtor® plus a Buyer’s CASH Rebate - 30% of our commissions *Our Buyer Rebate will be used to assist you in your closing costs and will be shown on your closing papers. This Buyer Rebate will allow you to bring less money to closing — so you are saving money when you buy a home with Bay Broker. Our Realtor Team are Top Bay Area specialists averaging almost 100 transactions a year. You receive the benefits of working with a seasoned Agent as well as a 30% commission Rebate*
How our Cash Rebate works: When you buy a home there are typically two Real Estate Agents involved with the property transaction. The Listing Agent is representing the Seller and has a responsibility to get the home sold for the 'Best and Highest Price'. Bay Broker is the Buyer's Agent and our job is to negotiate the lowest price for our Clients AND Rebate them 30% of our commission. The Seller typically offers to pay each of these Agents a commission of 2.5% of the sales price. You will benefit from top service with no sales pressure and save money in your closing costs when you buy your next home with Bay Broker.
* We require a minimum of $12,000 per transaction with the balance rebated to our Buyers, up to 30% of our commission. There is no Buyer Rebate on homes under $500,000. This Buyer Incentive Agreement is based on a 30% REBATE of Bay Broker's commission. We usually receive 2.5% of the sales price. Buyer(s) MUST be pre-approved by a lender and provide Bay Broker with a pre-approval letter prior to viewing homes. Buyer to notify lender about broker rebate at loan application. All parties involved in the transaction must be informed of the Buyer Rebate (incentive) to be credited through escrow. If your Lender does not allow this credit in Escrow, Bay Broker will send you the 30% REBATE 10 days after closing escrow.
We have developed this website to provide information on Bay Area homes for sale. Use our search tools to find all bank owned, distressed, REOs currently available. Use Bay-AreaRealty.com to negotiate great prices with the banks. A Bank Owned transaction is different to a regular sale, therefore it is essential you work with someone who has the experience, professional expertise and integrity to secure a great deal for you. Steve Atkinson has been in business for 20 years and closed over 800 transactions. Steve has recently closed over $63,000,000 of residential real estate in one year.
Use our RealtyTrac search module to find distressed and Bank Owned Condos
Search ALL Bank Owned, Pre-Foreclosure, Upcoming Auction homes in San Francisco. RealtyTrac is an excellent source to see ALL homes in various stages of foreclosure BUT we frequently hear from our clients the question as to why only a very small percentage are currently available and listed for sale. The following explains the different stages of foreclosure and why the homes are typically not for sale - today:'Pre-Foreclosure' means the home can be one where the owner is a few months delinquent in mortgage payments or HOA dues. Many of these homes never go to foreclosure as the owner catches up with the debt owed, or arranges a loan modification.
'Auction' homes are typically scheduled for an auction on the County Courthouse steps in which the property is located. In order to buy at auction, a Buyer must be 100% CASH and be prepared to close escrow on the home immediately. Typically Auction homes are not available for viewings, so are often bought without an interior viewing. The other risk factor to consider is that there won't be any disclosures or reports on these homes. You may be buying into a defective property needing extensive repairs in order to be habitable, or find out you have inherited sitting tenants with rights to stay in the property. The minimum bid that is set by the Bank can often be higher than the actual market value of a home because they have to receive a price that the investors who own the loan are happy with, and typically the loans are higher than the value of the property. It is also common for homes to be removed from the sale list on the day of the Auction for different reasons. All 'Auction' homes are 100% 'As-Is' without any warranty or recourse.
'Bank Owned' or 'REO' homes are often not available today for purchase even though the details show up on various websites. These homes have been foreclosed and the Banks have taken back possession of the home from the Seller. It can take several months for the bank to negotiate a value with their Investors who own the loan before they decide to list the home for sale on the MLS. Once listed it will immediately appear on our site Bay-Broker.com
The Homesearch on Bay-AreaREOs.com shows ALL Bay Area homes available today. Once a home is 'Pending' it will be removed instantly.
Finding a Specialist San Francisco Bank Owned Realtor
Buying a Bank Owned REO isn’t always an easy process. Having a knowledgeable Realtor on your side is essential. A lot of people are unfamiliar with what’s involved in buying a Foreclosure. Hiring a qualified Bay Area Real Estate Agent to guide you through the process is of paramount importance. If you’re looking for that dream home, you’ll need the assistance of an experienced San Francisco Realtor. You will get invaluable advice and important information on the potential pitfalls and mistakes associated with buying a Foreclosure. Bay-AreaREOs.com is a Bay Area Real Estate Agency and can help you negotiate a great price and walk you through the complicated closing procedure.Choosing the Right San Francisco Realtor
Research a Bay Area Realtor that has a reputation for excellence. There is a high rate of turnover among real estate professionals. A lot of Realtors are fairly new to the business and while they may have a lot of energy and positive attitude, you have to decide if you want someone that lacks experience handling the responsibility of such a big investment. It is in your best interest to hire a qualified Bay Area Realtor with established experience and familiarity with the local San Francisco real estate market. Steve Atkinson has been licensed for over 20 years and has the experience to negotiate a smooth transaction. Looking for a condo, high rise, townhouse, single family home, TIC or mansion - trust Bay Broker to assist you in your search.Your San Francisco Realty Company: Guiding the Way through the Process
Conceivably the most important aspect of the job a Real Estate Agent does is in helping you through the sometimes complicated legal process. One simple mistake in a document could destroy a sale, or leave you with a potential lawsuit. There’s no one better to handle the legalities of real estate business than an experienced San Francisco Real Estate Agent. Should you be looking to sell, Bay Broker Real Estate Agency can help you get the best price for your home because we stay on top of the housing market. Our expertise can be extremely important when negotiating with a Seller. Having Bay Broker as your San Francisco Real Estate Agent during the process of negotiation can help calm frayed nerves that may arise during the process of a transaction.Our San Francisco Offices
101 California Suite 2450
San Francisco CA 94111
tel 415-613-8940
fax 877-229-2765
www.Bay-AreaREOs.com
DRE Lic
#01075092
