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OREO recurring sales clean: maximizing its results

7/17/2014 12:24:13 PM

Summer has arrived bringing warmer weather, longer days and increased showings at your OREO properties! While the increased showings bring in potential buyers, the increased foot traffic can leave your OREO property dull and neglected. In this newsletter, we will briefly discuss the importance of the recurring sales clean and outline ways Banks can enhance its value. The Importance of Recurring Sales Clean. The reoccurring sales clean service is designed to maintain the marketability and value of the OREO property by "refreshing" the property.  To "refresh" your OREO property, your Bank may want to have the floors vacuumed and mopped, the carpet spot cleaned and deodorized, the countertops, appliances, and window sills wiped down and, most importantly, the bathrooms cleaned. Value Add services. Banks can enhance the value of a recurring sales clean service by having their property preservation vendors provide additional “value add” services.  Below are some possible "value add" services that your property preservation vendor can provide:
  • Perform an interior inspection of the property documenting the condition of each room, ensure that all access points are secure and detail any damage and/or vandalism —two sets of eyes are better than one.
  • Ensure that the light bulbs are functioning, appliances work and the HVAC is operational (set at 55 degrees in the fall/winter and 80 degrees in the spring/summer).
  • Document that the Agent’s marketing material is available and up-to-date.
By enhancing the recurring sales clean service with these “value add” services, your property preservation partner can provide an extra set of eyes at the OREO property–partnering with your Bank protect to maintain the property’s marketability and retaining its value. For more information about these and more “value add” services and how Blue Granite can deliver standardize service, predictable pricing and accurate real time results, please call Mark Francis at 866-981-5096 or email Mark at mark@bluegranitepps.com. read more..

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