The Weichert®
Difference
REO-Specific Services
After your properties have been through the foreclosure and
eviction process, Weichert REO has the expertise to help you prepare your houses
for market.
Competitive Market Analysis - We will complete two extensive Competitive
Market Analyses (CMA) within 48 hours – one for the property as-is and one if restored
to market condition. We will use your customized form or supply our own standard
form and email our digital photos along with the results.
Trash and Debris Removal - Weichert REO can have your property
broom cleaned in just 48 hours. If there is an extensive amount of trash and no
pre-approval for the expense, we will obtain bids for you to approve. If you grant
us approval for a pre-determined dollar amount for trash removal and cleaning, Weichert
REO will have the trash removed and the property broom cleaned immediately after
taking our digital photos.
Evictions and Cash for Keys - We will coordinate the entire eviction
process including sheriffs, movers and locksmiths. (In NJ, for example, possessions
must be packed up and stored for 30 days.) If necessary, we will encourage homeowners
to vacate by offering to pay them for their keys.
Repairing Properties - Weichert is better equipped than its competitors
to help you decide whether to fix up a home for sale. Our full-time, licensed construction
manager draws on 30 years of construction experience to prepare very detailed bid
specifications to give to multiple contractors. We require their bids within 72
hours.
Marketing As-Is - To sell a property in “as-is” condition, all
we need is a list price and a listing agreement. In New Jersey and the six other
East Coast states where our company-owned offices are located, we belong to all
of the 26 Multiple Listing Services. That means we will always list your property
immediately in the appropriate MLS. While not all companies offer and encourage
co-brokering, Weichert REO is committed to making it available on every single one
of our listings.
Bill Paying - Upon your written approval, Weichert REO will advance
payment for all utility bills, homeowner associations, lawn maintenance, snow removal,
and repairs up to a maximum of $10,000. We will invoice you every 30 days for reimbursement.
Before closing, Weichert REO will submit a statement of all expenses. At that time,
we will estimate the final utilities or, if you prefer, we will submit all actual
bills within 30 days of closing.
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Pre-Foreclosure
Weichert REO will perform and coordinate all the services
necessary before you foreclose on a property:
Drive-By Evaluations - Because we belong to every Multiple Listing
Service in our area, we draw on the most extensive base of comparables to forecast
the value of your property from the street.
Occupancy Verifications - We confirm that the owner
has abandoned the property.
For the purpose of property preservation, we will coordinate:
Board Ups - We board up windows and otherwise
secure an abandoned property.
Winterizations - In cold weather, we make
certain that the property is protected against bursting pipes.
Re-key and Padlock - To secure the property,
we will issue new keys and, when necessary, add padlocks.
Grounds Keeping - We take care of lawn cutting
and maintenance of the grounds.
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