What to expect when buying a property…

The good, the bad and the ugly.

What we do………

• 90% of our listings are distress sales• REO – (Real Estate Owned)• Short Sales (Pre-foreclosures)

• Both are negotiated directly with the bank

• Both are sold in “as is” conditions• Both are time sensitive transactions• Both are usually priced to sell in 30

days.

Difference between REO Vs. Short Sale• REO• Owned by the

bank• 80% of properties

need work• 48 hours response

on offers• Closing 30 days or

sooner

• Short Sales• Home owner that

is in default• 80% don’t need

any work• 20 to 30 days

response on offers• Closing 45-90

days

What you need to know when

buying an REO• Most properties are sold as is. What you see is what you

get.• You might have to get pre-approved by the seller’s

lender• You are not negotiating with an emotional seller usually

is all about the bottom line• Negotiations are time sensitive and no offers are

consider accepted until the contracts and addendums are fully executed

• All offers have to be in writing

Nationwide

1%

Supply and Demand since 2008

What does it mean to be a preferred client?

• You will get up to date information daily on the properties that fit your criteria

• You will know of any upcoming foreclosure properties that fits your needs

• We will help you base on our knowledge of the market determine the real value of the house you are buying

• We will show you how to submit an offer that is attractive to the bank

Our company policy for preferred clients

• Patience……• We are getting properties in the daily basis. We want you

to take your time and buy something you are truly happy with.

• Be pre-approved by a reputable lender.• Sign the exclusive agency disclosure explaining dual

agency.• We only work with committed clients.

Thank you for meeting with us….we hope you find the best deal possible.

What is our goal and our track record?

• Our goal is to provide you with all the information available so you can make an educated decision.

• We want you to get the best deal possible in today’s market

• We are working with over 15 Lending institutions and have 80% market share in Fairfield county over distress sales.

• We know you want a good deal and we will find it for you.

• We sell more properties than any other agency because we find out what you want and help you to get it.