Foreclosed Homes in Fresno County

Fresno Foreclosures Offer a Great Opportunity for the Right Buyer

Distressed properties represent the majority of sales over the last couple of years in Fresno County.  Looking for a great bargain?  A bank owned foreclosed home may be right for you.  We can help.  Search every foreclosed home in Fresno County on the Fresno MLS.

Having listed over 500 foreclosed properties in the past few years, we are your Fresno foreclosure insider.  We know what the banks are looking for, how offers should be written, and we can even give you the fast track to our own foreclosure listing, informing you of new foreclosures before they are listed for sale.

 How to buy a Foreclosed home in Fresno County.

Buying a foreclosed home in Fresno is not too much different than buying a traditional sale home in Fresno.  The biggest difference is most foreclosed homes are sold "as is" with limited disclosures.  The reason for limited disclosures is the bank in most cases have never seen the home in person and therefore unable to accurately disclose any defects.  Since homes are usually sold as is, a thorough home inspection should be completed by a professional home inspector. The cost for a home inspection is usually under $400.

 How to Write Offers for Foreclosed Homes in Fresno

When writing an offer for a foreclosed home in Fresno think "as is". The banks will not accept offers with any unknown expenses. For example do not ask for pest work to be completed when the cost is unknown. Certain financing may require the bank to complete some repairs but these expenses should be known in advance if at all possible. All offers will need a pre-qualification letter from a lender and most banks will require you to be qualified with their lender of choice.

 Why Buy a Foreclosed Home in Fresno

Approximately 1/3 of all listings in Fresno County are foreclosed homes, 1/3 are short sale listings and 1/3 are traditional listings. Foreclosures usually offer a value over traditional sales and can close much quicker than short sale homes. Whether you are looking for a foreclosed home, short sale home or traditional sale we would love to help you find the right home for you. Please contact us or give us a call today.