Foreclosures, HUD, and REO properties require special care and skill to market. There are multiple tasks associated with each transaction. It’s not your typical “Zillow, MLS, open house, postcard” situation. We treat each situation as unique for the best results.

Valuations/BPOs

Yes, BPO drive-bys are considered “grunt work” by many agents and brokers. Not us. We understand there are many steps to preparing a property, starting with the initial evaluation. We consider it our “hello” when building our relationship with you and those involved in the property transaction.

We complete an interior BPO within three days of the assignment. If the property is occupied, please know that out of respect for the occupants, we will complete an exterior BPO within the same three days of assignment. Our valuations include full exterior and interior inspections and photos, descriptions of the market area, sales and listing comps with photos, and repair estimates.

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Repairs

Distressed, foreclosure, and REO properties need extra TLC. They also need extra upfront funds. Wainwright Realty and MorrisAgent are prepared to handle all the repairs and keep track of expenses for you. Having the ability to meet the guidelines for various repairs and maintenance requirements allows us to stay on task, on time, and on-budget. Many tasks and repairs require a daily drive-by to ensure the quality and completion of tasks. We do that, too, as required. We document all repairs and maintenance tasks completed on the property with receipts and photos. We also make them available to you as part of our transaction online; you can view these photos, documents, and notes at any time.

When a task requires multiple bids, we pull from our extensive, reputable vendor list for comparisons. We can also include you at any step in the process as required. You may not want to be in the loop for every correspondence, but the option is available anytime.