Renovation Broker

Sellers

When you start to consider selling your home in St.Louis, you will find no better partner than One West. We are St.Louis’s premier renovation broker, we repair and sell homes. Our team is dedicated to helping you prepare your home for today’s highly discriminating buyer. We work with our clients to map out a strategy that meets the homes needs in order to make you the most profit. Our services add real value and can help boost your bottom line when it is time to sell.

Our promise is to be a great renovation broker.

  • We add value like no other realtor.
  • We use our own funds to prepare homes for the market. No out-of-pocket costs for sellers.
  • Once the property is ready for the market we list and sell the home.
  • Our costs are re-paid when the home closes.
  • Unlike traditional real estate relationships, we are adding real value and increasing your bottom line.

 

Our Process

#1 Discovery Meeting – The initial meeting is to learn about your needs and to determine the potential value of your home. At this time, we shall prepare and sign a listing agreement with One West.

#2 Create a Game Plan – One West will determine what approach and scope of work is needed to give our client the biggest return.

#3 Scope Meeting – One West and our construction manager meet with client to present the scope of work, cost estimate, and to sign a construction agreement.

#4 Construction Start – Permits, if needed, will be pulled and the work shall begin. Most work can be completed within 10 to 60 days.

#5 Marketing Begins – We can have our client’s home staged. We always use a professional photographer, and the home will be listed in the MLS plus other premium real estate websites.

#6 Offers – One West will review all offers with the client and manage the escrow period until the home closes and funds!

#7 Municipal Inspections & Inspection Notices – One West oversees these requirements that are typically the seller’s responsibility in order to close the home.
 

Approach

There are several home improvement approaches and options to choose from in order to produce the biggest return for clients. One West will help determine the best way forward.

  • Let’s get ready for the banks and city inspectors. We can prepare the home so that so that building codes and lender concerns are not looming over potential buyers. Also, we can make the home safe for potential buyers to walk thru and to feel at ease.
  • You only have one chance to make a first impression. We can make the home’s exterior look clean, crisp, and together the minute potential buyers walk up. Remember, sometimes people do choose a book by its cover.
  • Does the inside of the home look worn and tired? We can strategically address the interior walls, floors, bathrooms, and kitchens in order to make the home appeal to the widest audience.
  • Let’s go all the way. Would you like to undergo a comprehensive makeover? Typically, a complete turnkey renovation, like you see on the home remodeling shows, will bring the greatest return.

Reo Buyers

At One West, we enjoy working with buyers and agents that want to purchase REO properties. We make ourselves accessible to address any questions or concerns. Purchasing an REO property from a lender, bank, or other financial institution is different than buying a home from another homeowner. Purchasing an REO property is a time sensitive and competitive process. Attention to detail and understanding the REO purchase process will help you successfully close a deal. Corporate clients’ internal procedures allow them to sell an enormous number of properties each year. Sometimes these procedures can be less flexible than purchasing from a typical homeowner.

Closing dates that are agreed to by the conventional buyer and seller are not typically extended by corporate sellers. It is extremely important to submit fully documented offers that include pre-approval or verification of funds if making a cash offer, copy of earnest monies, and all addendums and necessary language as requested by the seller. Selling agents need to stay involved with their buyers every step of the way until the deal is closed and funded. Selling agents should be prepared to take the lead on ordering title work, surveys, and other necessary items for their buyers. A proactive approach towards the process will get the deal done.

Listed below are some points…

  • Properties are sold “as is” and the seller will not make any repairs.
  • Seller will not provide a seller’s disclosure.
  • The asking price of the property reflects the condition of the property.
  • Buyers should be pre-qualified for financing before making an offer or provide a proof of funds if using cash.
  • Corporate owners seldom negotiate the price on REO properties.
  • All offers must be accompanied by a finance pre-approval or verification of funds, copy of earnest monies, and all addendums and language required by seller.
  • Sellers expect to close on the date agreed upon in the contract.

REO Services

At One West, we offer the following services to assure our clients that their assets are preserved, evaluated, marketed and sold as soon as possible. We approach all of our services with a great deal of urgency.

They include:

  • Internal and external Broker Price Opinions (BPO)
  • Occupancy status and occupant notification
  • Re-key and secure property
  • Utility company notification
  • Preliminary title work can be ordered
  • Trash out and clean up bids
  • Revised Broker Price Opinion (BPO)
  • Interior cleaning
  • Exterior cleaning
  • Ongoing and seasonal maintenance
  • Monthly reports and forms
  • Pre-market the property
  • Market the property (MLS, website, investor e-mails)
  • Buyer pre-qualification, addendums, and earnest monies
  • Closing management
  • REO agency management system
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