Obtain
initial property
inspection, determine
occupancy and
condition.
Coordinate
any “cash for
keys” program
or eviction,
if required.
Interview
a minimum of
two (2) licensed
real estate agents
and provide broker
recommendation
to client.
Secure
a minimum of
two (2) broker
price opinions
(“BPO’s")
and a full
appraisal (upon
request) for
each property.
Complete
a review and
reconciliation
of the BPO’s
and appraisal & provide
list price
recommendation
to client.
Analyze
the tradeoffs
between capital
expenditures for
repairs or renovation
and their impact
on the sales
price, marketing
time and net return.
Secure
bids from, and
monitor the work
performed by, licensed
contractors and
other vendors for
any required repairs,
trash-outs or approved
renovations.
Utilize
BMG’s
network and
bulk pricing
to provide
client with
discounted
fees on any
and all services.
Obtain
any necessary
inspection, mold,
roof, and other
reports, as needed.
Implement
monthly property
maintenance for
all services and
pay vendors for
services provided
on behalf of client.
Obtain
a preliminary
title report and
review same for
vesting information,
title defects or
liens.
Provide
client with comprehensive
marketing plan
which includes
a review of the
subject property,
the current market
conditions, its
current physical
condition and a
review of the preliminary
title report. Recommendations
regarding the
broker selection,
list price, repairs
and/or renovations
are also included.
On
client’s behalf,
execute the listing
agreement and oversee
the broker’s
marketing activities
to ensure adequate
marketing of
the property.
Negotiate
the successful
sale of the property
at the highest
price with the
highest net proceeds
possible.
Provide
expert oversight
of the closing
process through
the delivery of
the closing proceeds
to the client.
