Reata Brokerage Services, LLC

 

Market and Sell Assets or Notes

A diverse group of equity funds, investors, and homebuilders have been assembled that are willing and capable of closing on entire subdivisions, raw land, or small groups of lots. This includes buyers interested in purchasing notes. Reata will provide market insight enabling the lender to assess purchase contracts with confidence.

Management During the Selling Process

Many lenders find using its Managed Asset Group to properly carry out day-to-day operations of ORE assets to be overwhelming and cost-prohibitive. Through its experience and industry contacts Reata can provide these necessary services when needed.

Services may include:

  • Determine City issues and take corrective measures to prevent fines, loss of building permits.

  • SWPPP: Review for compliance (prevent fines/work stoppage).

  • Liaison between bank and existing homeowners: Disgruntled homeowners disrupt sales efforts and raise maintenance issues with the City.

  • Scheduled lot maintenance: Tall weeds and grass give appearance of lower values as well as cause issues with existing homeowners and the City.

  • Debris and trash clean-up: Vacant property becomes an attractive illegal dump site for household trash, brush and tree cuttings, and construction debris.

  • Community entry and common area maintenance: A properly maintained community helps maximize value.

  • Verify proper Declarant rights transfer: Review HOA budgets to prevent unexpected assessment shortfalls.

  • Complete unfinished lots: While most lenders prefer to sell “as is”, analysis may determine that completing lot development generates a higher return.

  • Work with community builders: Reata will act as liaison between the bank and builders in the community.

  • Monitor and report on competitive market: Value is not static. During the selling process, Reata will brief clients on changes in the assets market area.

    • Lot closings

    • Community sales

    • Area sales

      • New

      • Existing

  • Solicit new builders as needed.

  • Assist in locating builders to complete unfinished houses.

  • Opinion of Value Report for Forward Planning and Marketing: This report provides valuable decision-making information when deciding viability of foreclosing on an asset.