Baymar Realty Marketing Division Letter of Intent
Welcome to your One Stop, End-to-End resource for professionally handling all of your assets. We have been a leading top producer of listings and sales in the greater Nashville Tennessee and surrounding areas, and can offer a proven track record of obtaining the maximum possible value for your property in the least amount of time. With a highly skilled staff of 10 individuals, each of whom are specialty trained in various areas of professionally managing a Real Estate property portfolio, we can handle your entire residential asset management process, from initial delinquency through listing, property preservation, sale, closing and funding.
We provide complete Asset Management services including:
BPO Reporting w/digital color photos, 24-hr turn-around of drive-by
BPOs, 48-hr on interior BPOs. Same day occupancy check, or coordinates
reporting of occupancy. Initiate and manage property preservation
including trash out, re-keying, estimate of repairs and effect emergency
repairs to secure property as needed, coordinate all repair trades
needed or requested, arrange utility, lawn, pool and related services as
needed, winterization; Proactive loss mitigation for your assets. We
will promptly contact you all and immediately commence the listing
process including determining the highest possible market price
achievable based on current market conditions, obtaining all
documentation required to permit direct communication with the Lender,
and the implementation of a Listing Servicing Plan that is second to
none in the industry, insuring the highest degree of communication and
action to create NEW HOMEOWNERS. Every listing is saleable. We take
pride in helping stabilize Americaâs housing market assisting with
home ownership. And, with our aggressive, proven marketing, your
non-performing assets will sell quickly. Our goal is to exceed your
Services of Marketing Plan and duties include;
is a synopsis of the marketing strategy we use for all of HUD
properties. All HUD properties should ALWAYS have a positive outlook and
image. There is always a good thing in every price of real estate. We
will customize this plan to fit the needs of the client and the
particular property we are dealing with.
Determine occupancy 1. If vacant a. make sure property is secure and in
compliance with minimum city ordinances. 2. If occupied a. Take
photographs as possible b. Perform broker price opinion. c. Check on a
weekly basis and report and changes in condition.
Determine occupancy 1. If vacant a. make sure property is secure and in
compliance with minimum city ordinances. b. Update broker price opinion
to reflect: (1) Repairs necessary and costs (2) Interior Photographs
3. If occupied a. Prepare drive-by broker price opinion with exterior photograph b. Negotiate
the following for possession, as directed: (1) Cash for keys (a) Prepare rental agreements (usually only on units) (1) Manage property (b) Inspect weekly (1) Advise seller of any change
c. Monitor eviction process. (1) Meet authorities for lockout (2) Re-key and secure the property
4. Rehabilitation & Maintenance a. Initiate utilities as appropriate b. Set-up monthly maintenance c. Photograph completed repairs after field service manager has performed.
5. Listing & Marketing to Homebuyers. a.
Input into multiple listing services b. install sign/eye-catching
riders c. Advertising in various publications including craigslist d.
Circulate flyers to area businesses, residents, tenants, brokers e.
Television advertisement on cable channels f. Heavy Exposure to the
Internet g. Broker and public open houses h. Door knocking
Verify wires with closing agent. Provide property management if requested.
Accept and hold earnest money until closing or if title company requests.
6. Under Contract to close
a. Communicate with closing coordinator and selling broker while under contract. b. Make sure there are no loose ends present.
c. Close the asset out with a smooth transition.
Realty host training Bi-Weekly and hold meetings with staff to ensure
that proper procedures and protocol is being performed based on our
Once a month we host market and agent trainings. We always have one-on-one training for those who cannot grasp all of the material in the hour of training. We also train on marketing our properties innovatively and uniquely to draw homeowner occupants in a market with a lot of cash offers coming in
We attend several of FHA conferences and seminars all over the United States to capture our ever-changing industry. Being a default practicing broker and specializing in creating homeowners, we are very familiar with the rules and regulations of our clients. We also host homebuyerâs seminars to encourage home ownership in our community. We truly believe in investing time and energy into our community by helping stabilize the area with home owners.
Violations / HOAs/Taxes If Applicable
have a streamlined website which allows us fast access with the HOA
companies. We have a dedicated specialist whose job is to scout out all
HOA personnel and start communication between them and us.
The subjectâs tax department is called within 24 hours of receiving an asset to make certain that the asset is not in lieu of a tax sale. This saves our client time and money. We proactively act to rationalize any violations or liens on the property. This alerts our servicer and from there they can take the compulsory precautions needed to address the subjectâs matter. Our job is to make our asset managerâs job trouble-free!
Disaster Relief Plan
understand that natural occurrences happen and that all things could be
lost. Thatâs why we have taken the necessary precautions to avoid
this. We utilize paperless pipeline, drop box, and hard drive back up to
secure all of our files and back them up in case a disaster ever
occurs. This ensures our clients that their important documents are safe
and can be recovered with no uncertainty. We back up our files every
day at the end of business. This is a service that we perform for all of
Handling Aged Inventory
At the 30-day period, we encourage investors to submit any and all offers on properties.
Review previous showings and contact the showing Agents to see what suggestions they might have to get acceptable offers..i.e. if property shows well, what comments their clients may have made while showing the property that would help get it sold.
Contact Agents from other companies that work with investors.
Conduct an Investors Open House to encourage offers
Utilize Baymar Realtyâs websites to promote the properties. We strive to go the extra mile when it comes to aged inventory. We perform our personal BPOs when the property hits 20 DOM to give us a synopsis of the market and what will be needed in order to capture a buyer market the property to the public aggressively.
Strategy for owner occupants:
We host monthly buyerâs seminars, Along with Community Service, which we love to do. We are a gold team with the March of Dimes and every closing which we have we donate to charity. This keeps our visibility present in the community and with doing so we can educate our community about the benefits of owning a home.
Baymar helps brokerages obtain NAID numbers by having the proper forms and assistance at our monthly market motivator meetings. We have FHA experts always present to assist brokers with gaining their NAID numbers. And with more brokers registered; the opportunity for more Government Owned Homes will have a chance to take on a new homeowner