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MARKETING STRATEGY FOR THE SALE OF REO PROPERTIES
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1. |
Obtain a minimum of 3 independent bids from licensed contractors for the repair of the property. |
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2. |
Complete a thorough Price Opinion on the property including:
(a) Exterior Photos of Subject
(b) Interior Photos of Subject
(c) Detailed Photos of Needed Repairs
(d) Photos of Comparable Properties
(e) Photos of Influencing Factors |
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3. |
Establish utilities in my name. I will pay all utility bills and then submit for reimbursement (this process can easily be adjusted to fit any process you may need). |
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4. |
Oversee and monitor repair process and general maintenance such as lawn care, cleaning, etc. |
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5. |
Enter property into two local multiple listing services. |
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6. |
Prepare a professional information sheet highlighting the advantages of the property. These information sheets will include a picture of the property and will go in an information box in the yard next to my sign and to over 1,000 agents in the area. |
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7. |
Run advertising ads in the Minnesota and/or Wisconsin newspaper. |
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8. |
Run ads in any appropriate Real Estate publication. |
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9. |
Handle all inquiries on the property. |
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10. |
Enter property into two local multiple listing services. |
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11. |
Pre-Qualify all potential buyers before submitting purchase offers. |
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12. |
Negotiate all purchasing offers. |
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13. |
Handle all closing details. |
LENDER SERVICES OFFERED
- Pre-Foreclosure Appraisals within 48 hours at no charge.
- Move out/Eviction procedures and negotiations with occupants.
- Monitoring of foreclosed property for occupancy status before/after foreclosure.
- Full interior appraisal upon vacancy (and before when access is granted).
- 3 repair estimates from experienced, licensed contracting crews at volume prices.
- I place all utilities in my name, unless instructed otherwise, and apply for monthly reimbursement. Advantage: Your company writes one check, once a month.
- I monitor all repair work.
- Bidding for lender at foreclosure sale is available when necessary.
- Full marketing and sales process.
- Negotiation of all sales contracts.
- Monitoring and detail coordination of all closing activities.
MONTHLY REPORTING
My process for monthly reporting including the submittal of bills for payment varies from client to client. I can adjust my system to fit your needs. The most common way that I currently do this is for me to pay the bills and then submit a reimbursement to the client on a monthly basis.
I also will provide to you a bi-weekly status report on each property, including a record of activity on the property, current state of repair, and current marketing events to date.
As a native of Twin Cities and an REO Specialist with over seven years experience selling REO properties in all areas of Metro Area, I feel I am uniquely qualified to assist you with the sale of your REO properties. I currently have the systems in place to ensure that your staff recieves the most professional service possible.
I currently have an administrative assistant that ensures that all of the utilities are handled in a timely manner, all billings are paid, all reimbursements are submitted correctly and in a logical form. This assistant also puts together promotional events and advertising for the listed properties. In addition, she handles all the day to day details which come with REO properties.
I have a marketing assistant who ensures that all of the properties are being properly exposed to the marketplace. This includes promotion to agents, advertising, and public promotions.
I have a sales assistant who ensures that all prospect calls are professionally handled. Anytime a prospect calls on one of your properties, I want them to get accurate information and access to the property as quickly as possible.
My staff is here to ensure that your properties receive the most professional sales service possible. They assist me in selling your property as fast as possible!!!
SERVICE AREA
We are licensed in Minnesota and Wisconsin
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The materials contained within this page may not be reproduced without the express written consent of RE/MAX. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied.
The materials contained within this page may not be reproduced without the express written consent of RE/MAX RESULTS. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied.