I  just found out a great Sunnyvale Bank owned home or REO home at

701 Jackpine Ct. Sunnyvale

This home is just on the market as February 12, 2009.  It is a 4 bedrooms, 3 bath and2 garage with about 1832 sf and 2 story home. Now I will believe there is a gem in REO home.  Some buyers thought there must be some thing wrong with bank owned home. I don't think so. I do see you have to work with an experienced Silicon Valley Realtor who understands buy or sell a REO home.

 It is more then ever the buyers need to be aware.The buyer needs to hire an inspector to inspect the home because the bank seller will not and the bank seller knows no much about the property. The realtor needs to fill out a written visual inspection report  about the home.  Another red flag will be city building  permit. Is there an non permitted bathroom? Any garage conversion without permit. I have a buyer almost going to purchase a Sunnyvale bank owned property. We found out that there are additions done without permit and the city knew about it. In another words, the lender will not offer a home like that.

Grace Keng, Silicon Valley real estate agent,  (408) 799-8887 creator of www.GraceKeng.com , member of the Silicon Valley Association of Realtors (SILVAR) and memberships in the National Association of Realtors, (NAR),
the California Association of Realtors, (CAR) and PhD of Realtor - Certified Residential Specialist (CRS).