Our Company

One West received its first REO listing in 1995.  At that time we were a  boutique full service real estate firm . Since then, we have evolved into a specialty real estate firm providing exclusively REO services. We accept only REO listings.  Our efforts are 100 percent focused on providing our corporate clients with the best possible REO services.

Our staff is trained to represent the corporate seller. When assisting buyers in the process of purchasing our listings, we are careful to explain that we are agents of the seller.  Our office policies and procedures have been established to eliminate any activity that would dilute our focus on corporate-owned REO properties.

We have implemented current technologies and invested in systems designed especially for One West so that we provide our clients with information in a timely manner. Each of our staff members are provided with current information regarding the status and activity of our assigned properties.

Our office is centrally located within the Saint Louis metropolitan area. Our strategic location allows us to easily access any of our clients’ assets.

Our Services

At One West, we offer the following services to assure our clients that their assets are preserved, evaluated, marketed and sold as soon as possible. We approach all of our services with a great deal of urgency. They include:

Internal and external Broker Price Opinions (BPO)

Occupancy status and occupant notification

Re-key and secure property

Utility company notification

Preliminary title work can be ordered

Trash out and clean up bids

Revised Broker Price Opinion (BPO)

Interior cleaning

Exterior cleaning

Ongoing and seasonal maintenance

Monthly reports and forms

Pre-market the property

Market the property (MLS, website, investor e-mails)

Buyer pre-qualification, addendums, and earnest monies

Closing management

REO agency management system

 REO Buyers

At One West, we enjoy working with buyers and agents that want to purchase REO properties. We make ourselves accessible to address any questions or concerns. Purchasing an REO property from a lender, bank, or other financial institution is different than buying a home from another homeowner. Purchasing an REO property is a time sensitive and competitive process. Attention to detail and understanding the REO purchase process will help you successfully close a deal. Corporate clients’ internal procedures allow them to sell an enormous number of properties each year. Sometimes these procedures can be less flexible than purchasing from a typical homeowner. Closing dates that are agreed to by the conventional buyer and seller are not typically extended by corporate sellers. It is extremely important to submit fully documented offers that include pre-approval or verification of funds if making a cash offer, copy of earnest monies, and all addendums and necessary language as requested by the seller. Selling agents need to stay involved with their buyers every step of the way until the deal is closed and funded. Selling agents should be prepared to take the lead on ordering title work, surveys, and other necessary items for their buyers. A proactive approach towards the process will get the deal done.

Listed below are some points….

  • Properties are sold "as is” and the seller will not make any repairs.

  • Seller will not provide a seller's disclosure.

  • The asking price of the property reflects the condition of the property.

  • Buyers should be pre-qualified for financing before making an offer or provide a proof of funds if using cash.

  • Corporate owners seldom negotiate the price on REO properties.

  • All offers must be accompanied by a finance pre-approval or verification of funds, copy of earnest monies, and all addendums and language required by seller.

  • Sellers expect to close on the date agreed upon in the contract.