REO, or “real estate owned”, also known as “bank owned” properties can be an excellent way to purchase a home. REO’s are in great demand by investors right now.
If a property is unable to sell at foreclosure auction, or the winning bid is by the bank, then the property becomes an REO property. Buying an REO property has many advantages over foreclosures and traditional resale home purchases.

Why Purchase an REO Property

• Low risk.

• Easy to fix and easy to purchase.

• Ability to view property before making an offer. Usually with foreclosures, seeing the interior of the home is not an option.

• Bank clears title of current liens.

• Bank wants the property off their books. You can sometimes get a fantastic deal.

Banks are not in the business of losing money. They are not going to give these properties away, nor will they always list them at or below fair market value. Before you offer on an REO property, we will complete a comparative market analysis to determine its current market value. From there we will assist you with coming up with your offer price and then begin to negotiate on your behalf.
 

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings held by brokerage firms other than Buyers-Only Fresno are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

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