Are they reluctant to provide the list? Not that I know of.
Are they reluctant to show the homes? That's a slightly tougher question. Reluctant may not be the right word. Some agents know that there's often more hassle involved in transactions involving REOs. And they know that sometimes the banks pay reduced commissions. So: More work for less compensation. Let's say some agents aren't too enthusiastic about showing them.
However, a buyer's agent represents the buyer. And the Code of Ethics contains various guidelines on how the agent will represent his/her client. So any Realtor should not only be willing to show any home the client wishes to see, but to fully assist that client if he/she wishes to make an offer on the property.
And, frankly, there are many Realtors who focus on foreclosures and have no reluctance or hesitation at all. So if you've talked to an agent or two and gotten the feeling that they're not going to commit 100% to representing you, keep searching until you find an agent who will represent you. It shouldn't be difficult.
Hope that helps.
Good luck in your home search and if you need my help, just give me a call.
Realtor BRE# 01876004
Windermere Real Estate - Palm Springs South
2465 East Palm Canyon Drive Suite 605
Palm Springs, CA 92264
(760) 325-9091 Office
(760) 325-9092 Fax
(760) 832-3533 Cell
"the problem with the banks owned lists, are they are not up to date, they list homes not yet on the market, homes already sold and sometimes homes that have title problems or are not yet ready to sell."
All the Bank Sites show properties listed by Agents and are updated and maintained constantly...Your comment is mis-leading and untrue....The MLS is not some Single Accurate Entity but over 500 Separate MLS's with separate Boards and rules which have their own Accuracy issues..
BTW...EVERY IDIOT IN THE UNIVERSE KNOWS YOU CAN CONTACT AN AGENT TO VIEW OF GET LISTS OF PROPERTIES...IT IS NOT A SECRET PEOPLE ARE UNAWARE OF..
Perhaps when Agents stop being so CHEEZY in the way they use Searching/viewing Properties as a Lead Generator the public would be more inclined to use WHAT THEY ALREADY KNOW EXISTS but wish to AVOID USING!!!!
I believe in showing all the homes on the market. Forclosures, Distress properties, regular sales, anything. It is the objective of the agent to show a "Qualified buyer" the homes that match what they are looking for.
Harold Sharpe - Broker
So Cal Homes Realty
California Department of Real Estate License # 01312992
The bets source of foreclosures are to have an expereinced buyer broker who specializes in foireclsoures who can do the research for you
contact the brokers who specialize in listing foreclosures in your area, they will know the houses that are coming on the market but not yet may be cleaned or have a price, they will know what the estimated price is and can get you in before the masses.
I wrote two blogs with some great tips for looking for and buying foreclosures. Please check them them out
SO YOU WANT TO BUY A FORECLOSED HOME?
HOW TO GET YOUR OFFER ACCEPTED ON A FORECLOSURE
The Banks & Gov. have created sites to provide the Public with access to their Properties for Sale and Bid/Purchase Process and these sites also have a lot of loan info, special programs ect...They are all Free and designed/created specifically to give the Public access to this information for Free
Sites like CHASE BANK....https://servicing.chase.com/reo/property/FeaturedProperties
BANK OF AMERICA...http://bankofamerica.reo.com/search/propertysearch.aspx
The Fed Gov. Properties for Sale sites like Hud/Veterans ect..http://portal.hud.gov/portal/page/portal/HUD/topics/homes_for_sale
These are 2 sites with links to these sites and more info....http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp ... http://www.biggerpockets.com/bank-reo.html
TAX SALES/FORECLOSURES....Using a Public Records Search Machine to search County Records can provide you more info than you thought...
Nationally by State/County
You could also give these sites a look and see what ya think...
AS WITH ANYTHING USE DUE DILIGENCE...
You will be better served to ask your agent for a home that matches your "must have" criteria, and trust that they will look at EVERY home that matches. If they aren't showing you a particular home, you can ask why not, and they will probably explain to you which of your selection criteria it doesn't match.
If you need help clarifying what is important to you in home features, contact us for our free Buyer Preferences Questionnaire.
Realtors and agents who are a member of the MLS do have access to up to the minute information about homes listed on the MLS. Many REO listing agents do not work directly with buyers because there are only so many hours in a day and they prefer to represent the seller's best interests.
But many many Realtors and sales agents are very happy to represent pre-qualified buyers. You need to get a written approval letter from your lender and then find yourself a Realtor that is experienced and happy to get to work helping you find a home that suits your needs. You wont need a list because once the Realtor learns what you are looking for they should be able to show you maybe as many as three homes that would suit your needs. If you put in the highest and best offer - escrow is opened and it goes pretty fast from there. It really doesn't have to be all that difficult or time consuming.
Best of luck to you, Linda Chirstopher, Realtor
Here in the desert, the prices of most bank owned homes and short sales and regular sales are running pretty close in price. So sometimes it is not in your best interest to not include the other homes.
But if that is what you want to see, I would be happy to provide you with a list. Just shoot me your criteria, ie how many bedrooms, bathrooms, sq ft, pool?, and area of the Coachella Valley you are interested in.