394 Zimpher Sebastopol Ca 95472

This home went to auction on 1/17/2012 and had no bids at $377k. It is now on the market for $369.9k and needs about $20k of work. It has a good floorplan and is a nice little house. Like several other recent REO it is listed by a broker I have never heard of and who is not local. REO are now going to smaller brokerages…I wonder why?

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Tom Stone

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Real Estate Agent

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Creative Property Services

Sebastapol, CA

DRE #:01479497

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About Tom Stone

I am a Broker Associate with Creative Property services (CPS) in Sebastopol Ca. My father was an Appraiser and expert witness based in Oakland Ca for many years and I grew up having the basics drilled into me. I enjoy what I do and I am good at it. I managed income property in Oakland for a number of years and was licensed to run a collection agency for more than a decade. I have also worked as a credit manager and as the senior collector at the test center of a Bank . I have been commenting for years at "Calculated Risk" and on other Real estate Blogs including the defunct "Sonoma Housing Bubble" Blog. The best job title I ever had was "Chief Garbler". My Email Address is "StoneForHomes@Gmail.com" and my cell # is (707) 364-2477, please don't call before 7 AM or after 8 PM unless we have a deal in progress.

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3 thoughts on “394 Zimpher Sebastopol Ca 95472

  1. Tom Stone

    Jay, pretty damn good. I am real curious about this change because REO have been handled by just a few specialty shops in this area up until now. It’s a different business model, the listing office makes a smaller commission and has to answer to an asset manager for the bank. The banks have very specific requirements and procedures which have to be followed and they differ bank to bank. Everything has to be tracked and reported according to a rigid template. In other words, the banks want someone with the systems in place who has experience with this kind of business. I do wonder if some of the brokerages specializing in REO have woken up to their potential liability and have asked the banks for some sort of Indemnification agreement. It may be just be a combination of incompetence and normal corruption, who knows?? The specialty shops can add personnell easily, that’s not a problem.

  2. Anonymous

    I looked at this house and really liked it do u think it is a good buy? nice floor plan needs updating

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