Allison Norman–The Right Realtor for these Times

My commitment as your local Realtor is to provide you with the specialized real estate service you deserve:

• Working as a buyer’s agent allows me to focus entirely on you, and your needs.
• My goal is to find you your ideal home by working with the listing agent or home owner to negotiate a deal that fits your budget, and your needs.
•  I have an extensive working knowledge of bank owned properties (REOs) which has given me an inside edge to what the bank considers a strong offer. This is extremely  important in this highly competitive facet of the current market.
• 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.  Please Contact Allison a: 707-799-3617 or email: AllisonNorman@kw.com  

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!!