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san leandro: Buying Foreclosures (REO) is Challenging - 08/24/09 07:57 AM
There's a lot of bank-owned, Real Estate Owned (REO) property on the market right now. (Short sales follow second.) However, getting an offer accepted is challenging, and then getting the loan is something else. I've got buyers and I'm having a hard time buying!  
Many REOs require buyers to get pre-approved with their lender. Buyers say it's steering and illegal. And it might be. So buyers cross out listings with this requirement. 
Some REOs say no FHA. Others only all cash. Those listings don't exist for most buyers.
Getting accepted is tough because there are more buyers than houses. Some houses go pending in … (1 comments)

san leandro: Are Real Estate Prices Still Falling? - 08/17/08 09:30 PM
Are real estate prices still falling? This is a common question among buyers. It appears that prices are falling because sellers are still overpricing their properties. When the property has to be reduced/lowered to the real market price, buyers interpret that as 'falling prices.' Sellers still want to try starting out high and then lowering the price. Amazing. Are they blind to this market?
Ask yourself, why haven't all those houses on the market sold? Because they're overpriced!! What would happen if all prices were cut 20%?? Houses would sell. Believe it or not...there are buyers out there. Buyers are not buying because they're … (0 comments)

 
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Ernest Villafranca, Realtor, Real Estate Oakland CA

Oakland, CA

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Better Homes and Gardens Real Estate

Address: Attn: Ernest Villafranca, 3320 Grand Ave., Oakland, CA, 94610

Office Phone: (510) 834-2010

Cell Phone: (510) 418-9443

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Real Estate Agent covering Berkeley-Oakland-San Leandro, East Bay in Alameda county. Experienced in short sales, flips, investment properties, probate sales, and the Hispanic market.


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