|
"When we need timely property assessments, successful marketing and closing services in the Atlanta market, we call on Phil and his team of professionals. They get the job done!"
- Mike Matsuda, Asset Manager, BayWest Associates, Stanton, CA
REO services comprise a 5-step process that ensures you receive maximum value from the sale of your property:
- Assessment
- Management
- Marketing
- Reporting
- Closing
Assessment
Our work begins with an assessment of the property. Upon checking for occupancy, we offer Cash for Keys or assist in the eviction. The assessment then ensues:
- Our contractor associates provide bids, if needed, for trash out, repair and/or rehab.
- Re-keying occurs to your specifications.
- A comprehensive BPO is performed within 48 hours of gaining access to the property.
- BPO can be completed online, on your specified forms, or on ours
- Any format includes full photos and necessary bids.
- We assist you in developing a listing price that generates maximum exposure and offers.
Management
Biweekly checks assure safe keeping of property, proper upkeep of grounds, appropriate progression of repair work, and best overall presentation for marketing purposes. We also take responsibility for making sure that utilities are available by paying the utility bills on your behalf. We then submit itemized reports for reimbursement.
Marketing
For premium exposure--presenting your property to serious buyers--our marketing efforts target real estate agents and investors. Your property will receive the following:
- Extensive Internet Exposure:
- Listed with Google, Yahoo and MSN
- Prominent on RE/MAX, as well as in over 200 Real Estate Directories Worldwide
- Listing in FMLS & MLS (Atlanta, Ga. Primary listing entities)
- Signage with Contact Information
- Electronic Key Boxes for Security and Monitoring of All Showing Activity
- Email Promotion to Agents and Investors
- Color Photo Tours to Peak Interest
- Quick Response to All Email and Phone Inquiries
- Promotional Sheets/Flyers
- Access to Investor/Real Estate Agent Network
- Continual Follow up on All Serious Interest
- Negotiation of All Offers
- Pre-Qualification of All Offers
Reporting
We understand that current feedback regarding your property--good or bad--is extremely important to you. Your required reporting will be completed in a timely manner with all relevant detail to provide a clear picture of the present status of your property.
Closing
Our end goal is to close the deal, and we have the experience and determination to prevent as well as to work through difficulties that can arise. As Yogi Berra said, "It ain't over 'til it's over." Our team takes pride in making certain we take all the steps to achieve a successful sale.
Worth noting once again is the importance we place upon useful communication. We maintain close contact with the closing attorney, the selling agent, the buyer and with you in order to solve issues before they become a problem. In our eyes, we haven't earned your business until we facilitate a successful transaction.
Simply contact us today and we'll get to work. FAQs
As a preliminary step, we have included answers to our most frequently asked questions. Please also feel free to contact us to address any additional points of concern.
Q: Am I obligated to close with the seller's attorney?
A: Yes, the closing attorney will be designated upon acceptance of the contract. You will find no exceptions to this procedure.
Q: Is a prequalification letter required?
A: Yes. Our requirements state that it must be dated within 30 days of contract offer.
Q: Will you provide a seller's disclosure?
A: Because the property is being sold "as is" with no repairs and no termite clearance letter, no seller's disclosure is offered.
Q: Do you accept a letter of intent?
A: We are unable to accept a letter of intent. Instead, we require all offers to be submitted on a current GAR purchase and sale agreement form.
Q: May I have the property inspected?
A: Yes, you may have the property inspected, but please be aware that the seller will make no repairs.
Q: Is earnest money required?
A: Earnest money is required with a minimum of $1000.
Q: How soon will I receive a response to my offer?
A: Typical turnaround occurs within 24-48 hours.
Q: Do you transfer title by general warranty deed?
A: No. Title is transferred by special warranty deed.
Q: Do I need any special addenda to submit an offer?
A: No special addenda are necessary to submit your offer. Addenda and exhibits will be added upon acceptance of the agreement. |
