REO Services
Northstone Real Estate, Inc. fully understands the importance of maximizing value in the shortest time possible. Please find below a partial list of our real estate brokerage services we perform on each Bank Owned property(REO) assigned property:
REO Residential Sales
- Perform initial occupancy checks
- Provide accurate and timely Drive-by Broker Price Opinions
- Provide an Interior Broker Price Opinion and develop comprehensive marketing plans unique to each property
- Negotiate Cash-for-Keys and assist with processing evictions
- Re-key, winterization, trash-outs and board-ups
- Utility activation and property maintenance services including lawn care and snow removal
- Track all expenses, obtain bids for repair, supervise repairs and renovations and pay vendors
- Obtain any required local inspections and appear at any required local hearings concerning the status of the property
- Provide monthly status reports and marketing strategy updates
- Market / Advertise the property in various strategic print and internet locations
- Review and summarize all offers to purchase, verify purchaser qualifications before promptly submitting the offer
- Facilitate the negotiation process
- Continue to monitor all aspects of the closing process (title, financing, inspections) during the escrow period to ensure timely closings
- Attend and facilitate the closing process as required by local practices
- Ensure delivery of closing proceeds to our clients, terminate all utility services and submit all final invoices in a timely manner
REO Loss Mitigation / Preservation
- Short Sales
- Cash for Keys
- Deed-in-lieu negotiation
- Eviction Coordination
- Relocation Assistance
Retail Home Sales / Relocation
- CMA
- Open Houses
- Weekly status reports on showings and buyer feedback
- Offer and contract review as well as all standard services offered as noted above
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