I have specialized in Oakland real estate for the past 10 years. I did not intentionally choose to specialize in REO's though, it is very hard to avoid them in this market. The vast majority of homes I have sold in the past two years have been either REO's or Short Sales. There is a significant difference between an agent who represent banks in the sale of an REO and an agent who represents the buyer. It is probably most accurate to describe an REO listing agent as a specialist. The REO listing agents I know usually stick with listings versus representing buyers as they are very busy with their REO business. Though, assisting a buyer in the purchase of an REO is very similar to assisting a buyer in a non REO purchase. It certainly helps to employ an agent who has had experience in assisting buyers with REO purchases as there are nuances to the process which if not understood could result in the buyer losing out on the home, as the banks are not known for giving graces when mistakes in writing an offer have been made. Feel free to call me, hopefully I can answer all of your questions and perhaps assist you in your real estate endeavors.
J. Rockcliff Realtors
510.339.4807 Office Direct & Cell Forward