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Seller Services
PRIOR TO SHERIFF SALE
The initial step in the REO property management process is the Broker Price Opinion, or BPO. Grasha Real Estate can provide your financial institution with an accurate opinion of the property condition. During this process we use comparable properties located in close proximity to the subject property. This will aid in the process of determining whether it is cost effective to acquire the property at sheriff sale.

PROPERTY ACQUISITION AND ASSESSMENT
Once your financial institution has acquired ownership of the property through sheriff sale, Grasha Real Estate can aid in the process of current resident eviction, if required. Once the property is vacated we will instruct a contractor to rekey, post NoTrespassing signs and secure the property to prevent unauthorized entry and vandalism. At this time we and our contractors will complete a visual inspection of the interior to assess and note damage, safety concerns and detrimental environmental conditions.

PRIOR TO MARKETING
Many properties Grasha Real Estate markets are in need of repair or minor renovations. Necessary repairs and renovations can help some properties sell in less time for a higher price. We will make recommendations regarding appropriate repairs and acquire up to four bids for your review. For other properties, selling in as-is condition is economically justified. For these properties, any repairs will be for basic preservation and remedy of unsafe conditions.

MARKETING THE PROPERTY
During the marketing of the property, Grasha Real Estate uses several well proven methods of marketing. The most basic is the posting of a For Sale sign on the property. Additionally, we enter all foreclosed and REO properties into the local MLS database. Periodically we utilize newspapers and the local homes magazine for advertisement. Each month we distribute our REO list to investors and owner-occupant buyers as well as post listings on the Internet.

SALE OF THE PROPERTY
Grasha Real Estate will negotiate all bids according to your instructions. Whether they are in house Grasha offers, or offers from another agency, we will keep you fully informed at all times during the negotiations. We will contact you only when the proper sales agreements, addenda and your required paperwork and instructions are completed. Once the sales agreements are accepted by both you and the buyers, we can assist you in the closing process. We can recommend local closing attorneys or work with your designated attorneys.


Grasha Real Estate

4108 Monroeville Blvd.
Monroeville, PA 15146
Phone 412-372-5800
Fax 412-373-0170
3045 Liberty Ave., Suite 5D
Pittsburgh, PA 15216
Phone 412-563-7200
Fax 412-563-7281
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