Orit Gadish is the broker/owner of Gadish Properties, Inc. - an REO brokerage located in Los Angeles, CA.
Having handled 100s of REOs for multiple financial institutions each year, we created this website to provide advice to buyers, investors, and buyer's agents interested in REO properties.
Information for Buyers:
Make sure you are working with the best buyer's agent for you. Your buyer's agent needs to be responsive and knowledgeable.
Your buyers agent should provide you with a Broker Price Opinion (BPO). This is a report which follows an analysis of the comparable listed and recently sold properties in the immediate area of the subject property you wish to purchase.
Make sure you inspect the property yourself. A professional home inspection company is also highly recommend Your goal is to understand the condition of the property so that there are no surprises later.
Make sure you conduct all necessary investigations. You do not want to end up with a property which has outstanding liens on it.
Information for Investors:
Make sure you are working with the best buyer's agent for you. Your buyer's agent needs to be responsive and knowledgeable.
Your buyers agent should provide you with a Broker Price Opinion (BPO). This is a report which follows an analysis of the comparable listed and recently sold properties in the immediate area of the subject property you wish to purchase.
Make sure you inspect the property yourself. A professional home inspection company is also highly recommend Your goal is to understand the condition of the property so that there are no surprises later.
Make sure you conduct all necessary investigations. You do not want to end up with a property which has outstanding liens on it.
Information for Buyer's Agents:
Provide all the information requested by the listing agent.
Make sure your client's package is complete. The package should include the California Residential Purchase Agreement (RPA), as well as proof of funds (recent), copy of the earnest money deposit check, and pre approval letter (if the buyer will be receiving a loan to help purchase the property).
We submit each offer that is presented to us. We encourage you to follow-up with us to check the status of your offer. We will inform you of our client’s decision once that is made.