| There are advantages and disadvantages when it | | | | will have to call the electric the gas and the water |
| comes to buying REO properties. One advantage of | | | | companies to get them turn on. A next disadvantage |
| buying a REO property is most REO properties are | | | | of buying REO properties is you will have to pay for all |
| below market value. The reason for this is REO | | | | the repairs yourself if the property needs any. It is |
| properties are properties that are owned by the bank. | | | | important to know what in the property need to be |
| Since the bank is liable for the taxes on the property | | | | fixed before you buy the property. |
| they will be more than happy to sell it to you at below | | | | One last disadvantage of buying REO properties is |
| market value. Another advantage of buying REO | | | | that you will not know about the past of the property. |
| properties is there is less competition. Not all real | | | | One way to overcome this is to do some research on |
| estate investors know about REO properties. | | | | the property. A good place to look is the public |
| One last advantage of REO properties is that REO | | | | records. When it comes to buying REO properties it |
| properties are easy to find. Most banks have a | | | | has its advantages and it disadvantages. With the |
| number of them and will love to sell them. One | | | | information you read here you will have some idea |
| disadvantage of buying REO properties is when you | | | | what they are. |
| buy REO properties, you buy them as is. Usually you | | | | |