REO Management

Dedicated to helping our sellers maximize on their return in the shortest time possible.

Servicing/Maintaining Your REO Assets

All utilities are ordered within 48 hours of receiving assignment. In order to ensure our REO Listings are being properly maintained, we visit all assets weekly.

Utilities will be checked to ensure they are on and operating properly. (Please note: On our first visit and before water is turned on, we will walk the property and look for potential areas that may result in a leak or flooding).
All windows and doors will be checked to make sure they are properly secured.
Property will be secured with a lock box containing the key to the property.
We will make sure the “For Sale” sign is standing and that it is stocked with flyers.
We will collect all cards and follow up with all agents that showed property that week.
We will email our asset manager a copy of the check-off list and a photograph of the current property condition.

REO Services Offered

· Occupancy Status: Occupancy will be confirmed same day asset is assigned.

· Cash for Keys: Cash for keys will be coordinated.

· Secure Property: Property will be secured same day as property becomes vacant.

· Photos & Visual Inspection: Property will be photographed and visually inspected by listing agent at time of re-key. Property condition will be immediately relayed to seller.

· Utilities: Utilities will be ordered within 72 hours of securing property.

· Trash Out & Initial Sales Clean: We can coordinate the trash out and initial sales cleaning.

· BPO: We will provide a highly detailed BPO to you with 24-48 hours.

· Negotiations: Once offers are received we will promptly notify you. We will include all required documents at one time making the review process as easy as possible for you.

· Closing: We will work closely and be in constant communication to expedite a fast and successful closing.

· Market Updates: We will provide market updates every two weeks.

Marketing Plan

· Multiple Listing Services (MLS): We advertise all our listings in the Northwest Multiple Listing Service.

· Internet Advertising: All listings will be featured on several high-traffic websites, such as: Windermere, Trulia, Google base, and our personal site Eastside REO. Listings will also be featured on all IDX websites.

· Signage: We will post a “For Sale” sign at every property.

· Full Color Flyers: Professional color flyers will be placed at the property and on every “For Sale” sign as permitted by law.

· Open Houses: All listings will be held open on a regular basis.

· Print Advertising: We advertise our listings in the real estate section of local newspapers.

· E-Marketing: We email blast all of our listings to real estate agents throughout the county on a weekly basis with our available REO properties.

13000 NE 20th Street; Bellevue, WA 98005

Business: (425) 941-9390 ~ Direct: (206) 714-1183