1. What to expect when buying a
property…
The good, the bad and the
ugly.
2. What we do………
• 90% of our listings are distress sales
• REO – (Real Estate Owned)
• Short Sales (Pre-foreclosures)
• Both are negotiated directly with the
bank
• Both are sold in “as is” conditions
• Both are time sensitive transactions
• Both are usually priced to sell in 30
days.
3. Difference between REO Vs. Short Sale
• REO • Short Sales
• Owned by the • Home owner that
bank is in default
• 80% of properties • 80% don’t need
need work any work
• 48 hours response • 20 to 30 days
on offers response on offers
• Closing 30 days or • Closing 45-90
sooner days
4. What you need to know when
buying an REO
• Most properties are sold as is. What you see is what you
get.
• You might have to get pre-approved by the seller’s
lender
• You are not negotiating with an emotional seller usually
is all about the bottom line
• Negotiations are time sensitive and no offers are
consider accepted until the contracts and addendums
are fully executed
• All offers have to be in writing
9. What does it mean to be a preferred client?
• You will get up to date information daily on the properties
that fit your criteria
• You will know of any upcoming foreclosure properties
that fits your needs
• We will help you base on our knowledge of the market
determine the real value of the house you are buying
• We will show you how to submit an offer that is attractive
to the bank
10. Our company policy for preferred clients
• Patience……
• We are getting properties in the daily basis. We want you
to take your time and buy something you are truly happy
with.
• Be pre-approved by a reputable lender.
• Sign the exclusive agency disclosure explaining dual
agency.
• We only work with committed clients.
11. Thank you for meeting with us….we hope
you find the best deal possible.
12. What is our goal and our track record?
• Our goal is to provide you with all the information
available so you can make an educated decision.
• We want you to get the best deal possible in today’s
market
• We are working with over 15 Lending institutions and
have 80% market share in Fairfield county over distress
sales.
• We know you want a good deal and we will find it for
you.
• We sell more properties than any other agency because
we find out what you want and help you to get it.