What does REO stand for?
These are the types of questions buyers ask when a lender owned real estate property is listed for sale. The Seymour Group is qualified to answer these questions, informing buyers and their agents about the sales process.
Is the property in foreclosure?
Am I buying a distressed property?
Service uniquely tailored to REO needs.Most REO managers will tell you that one of the most important requirements of their brokers is having the proper documentation needed to close the file. We see to it that all necessary documentation is provided — and prepared in a format that best addresses the client’s needs.
Every client is in direct contact with our Managing Director, Phil Seymour who is involved in all aspects of the sales process. This provides an invaluable resource—access to a decision maker who is skilled at negotiating preferred deal terms and is readily available for consultation.
Brokers’ Price OpinionsSelling lender owned real estate is very different from a normal sale. Our team of agents and support staff have the capability to deliver a broker’s price opinion- on demand - so that your fiduciary needs are met. We know this is a crucial part of your business as an REO manager, so we strive to craft a compelling basis that establishes a properties value.
Our focus is CaliforniaWe’re specialists with years of experience in the region. We do extensive research into the market: the neighborhoods, demographics, areas of transition, and rising and declining values. The real estate market is a moving target and our analysis is based on the most current trends and statistics. Most importantly, whether the property is commercial, residential income or a single family residence we cooperate with all brokers and encourage qualified offers.
Outsourcing the disposition of your REO properties is often more efficient than doing it in-house.We protect the property’s value during the sale process by:
- Providing professional maintenance such as gardeners and repair people
- Maintaining the property’s appearance
- Dealing with tenants during the marketing process and maintaining cordial relationships so that revenues remain stable.
- Regardless of the nature or condition of the property, we can take an asset problem and convert it into a success for the REO manager and buyer.