I’ve received a few requests for info from potential buyers of REO properties in Union City and Hayward on how to get started. In terms of where to start, luckily there are many websites which allow you to customize a property search and specify “REO properties”. For example, on my website, there’s a webpage titled “Find a Home“. Once you’ve selected the county you’re interested in from the drop-down menu, do the following:
- Select Union City and click “add”
- Enter the price range of the Union City properties you’re interested in.
- Next to “Special Conditions”, there’s a checkbox for “REO/Bank/HUD/Corp Owned”. Check that.
Email updates: Whenever a property becomes available that meets your criteria, you will get an automated email update providing you with a one-page summary on the property.
Use Internet Maps to get an overview of the property: Google Maps has a “Street View” button at the top right, which is imagery of an entire street taken by a car. You can get a real feel for the neighborhood this way. Zillow and Trulia provide previous sale price history on many properties. Finally, if you are looking at this from an investment (renting) perspective, you should check out HousingMaps, which is a map showing the various rental listings from Craigslist in whatever area you choose.
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