nnyRealty REO Property Marketing Services:
As you must already know, bank foreclosures are increasing nationally at alarming levels placing mortgage holders in serious financial jeopardy.
This situation is compounded by the fact that many homes being foreclosed upon were over priced and/or over financed to begin with. The unexpected increase of foreclosure homes will also have a detrimental impact on a slowing real estate market. Given this dilemma, how do you improve upon the disposal of REO assets, while reducing holding costs and maintaining profitability?
" If you're reading this, then you already know the seriousness of the problem. What you need then is a viable solution "
When it comes to selling any product or service (to include real estate), quality packaging and targeted exposure of the product to the marketplace are essential elements for success.
" Advertise some even when the market is good and advertise more effectively when the market is bad "
Some of the cost involved in property disposal generally consists of the legal fees, cleaning and property maintenance/repairs, holding fees (to include utilities, insurance, security initiatives etc.), advertising and real estate fees.
Time is money. The longer you hold on to a REO asset the more it becomes a liability; a liability that reflects badly upon the lending institution.
Nationally, real estate brokerage/commission fees range between 5 to 8% of the final selling/disposal price of the property.
Generally, some of these expenses are somewhat fixed costs and can't be controlled while others can be easily minimized.
Any reduction in REO disposal costs would ultimately improve overall profitability.
" You do the math. How much do you spend each year in real estate brokerage/commission fees? On an average, how long does it take you to dispose of your REO assets/liabilities ? "
nnyRealty has successfully marketed REO properties for both local (New York) and national clients since 1999.
nnyRealty REO Property Marketing Services allows you, the mortgage holder, to take the marketing of your foreclosure assets into your own hands.
We provide the quality packaging and targeted exposure of your REO assets to targeted buyers and/or investors specifically designed to get desired results.
By marketing your own REO assets through our marketing services, you'll be able to save thousands of dollars each year in Realtor fees while drastically reducing the amount of time and associated holding costs that these REO properties are held on your books and become too much of a liability.
Our REO Property Marketing Services can either stand alone and/or be smoothly integrated into any of your current/ongoing REO property marketing initiatives. Just ask us how?
For a quick reference, click on the following text link for a national Bank Foreclosure REO website that we designed for Home Loan and Investment Bank: http://www.hlbsales.com .
For more information on how we can help:
Send an e-mail inquiry to: firstname.lastname@example.org or ...
Call Ray at: (315) 658-2891