Honestly, find an agent. All agents in the WVMLS can search for homes based on many criteria including REO/short sales. They can be emailed to you within 15 minutes of hitting the MLS. This is the way to go for you guys.
Have a great day!
Are you curious about the Salem Real Estate Market? Get your free Mls report at http://www.newsalempropertyvalues.com/
There is the misunderstanding that the best buys in today's real estate market are associated with "short sales" and "foreclosures." There are without a doubt many wonderful opportunities to save by persuing these types of sales.
It may be however and injustice to yourself as the buyer, by limiting the scope of your search to only these homes.
Many of todays traditional sale homes can compete with the savings that short sales and foreclosures offer. Unfortunately, many buyers are overlooking these options by only focusing their attention on this availability.
We recommend that our customers not limit their search but leave it open to all options and negotiate well. Buyers may just find that the "non short sale & foreclosure" sellers may just be able to display greated flexibility in pricing.
The Eckler Team
All the properties on the Bank/Gov sites are listed with Agents and most do require you to have an Agent when you make an offer so when that time comes or you decide it is time for you to get an Agent by all means do so.
There are Good Agents and there are Bad Agents so be sure to interview as many Agents as possible to learn what services they offer, what Commission they expect and to see how comfortable you are in trusting them with assisting you in attaining your goals.
They are selling Services and YOU are hiring services to work for YOU to achieve something, so shop around as it is an extremely important decision and it is YOUR DECISION.
That being said you do not need an Agent to browse the Bank/Gov sites or even the WVMLS.....
Take the time and take advantage of the opportunity to use these sites to become familiar with the Market area you are interested in, what's available, prices,the different methods of purchase ect, all of this will assist you when the time comes to interview and choose an Agent whose Services and Commission best fit your goals..
The answer to every question or the first step to take is not always get an Agent but the First Step in any large Financial Decision making process is always to become as informed as possible so the rest of the decisions you make are wise ones..Like choosing an Agent
Best to you.
Right now, foreclosed properties thorughout Marion County are a great deal. You can pay for the membership web sites, but unless you have cash and the knowledge to complete all the right due diligence, you won't be able to buy at auction any property you find at one of those sites. Instead, nearly all foreclosed homes in Oregon end up back in the hands of one of the lien holders, who then uses a local broker to sell the property through the local multiple listing service. Virtually all REALTOR brokers in Salem have access to complete information on those properties. So.... Your best bet is to find a local broker who has experience representing buyers and who is familiar with the process of dealing with banks and asset managers.
Between foreclosures (called REOs by brokers) and short sales, buyers in Salem can save as much as 20-30 percent off of what they might pay for the same property through a typical transaction with an owner-seller.
If you want help with any of the concepts or language of the foreclosure industry, feel free to call or e-mail me.
Browse the Gov. and Bank sites created for the Public to view Properties available (Listed) and explain the financing options, various Purchase options and for some the Bidding process, it's Free and updated constantly...Sites like..
.... http://www.wamuproperties.com/ .... http://www.hud.gov/homes/index.cfm
The links to these Bank and Gov. sites can be found here.... http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp http://www.biggerpockets.com/bank-reo.html
For information on Tax sales this will lead you to the Public Sites and Public Records..
Good hunting, Dunes
Best to you.