MORRIS
PLAINS, N.J.,– Weichert Real
Estate Affiliates, Inc., recently launched the Weichert REO Network to serve
the real estate needs of banks and asset management companies throughout the
United States. The REO Network utilizes
the marketing strength and proven sales systems of Weichert to help their
clients move non-performing real estate inventory quickly to retain as much
value as possible.
Through its collection of designated brokerages, the
Weichert REO Network is able to offer an attractive combination of local market
experience and knowledge with the quality products and services expected from
an industry leader like Weichert. Each member brokerage agrees to uphold the
highest level of service and must have a proven track record of success in
marketing and managing lender-owned properties.
“Many real estate firms work to gain REO listings and then
just sit on them and hope they sell,” said Rick Gregory, senior vice president
of affiliate solutions for Weichert. “As one of the largest privately-owned
real estate companies in the country, we focus on delivering results to sell
properties quickly for our bank and asset management clients.”
The Weichert REO Network provides a qualified member to their
clients that can serve as an “on-the-ground” contact in the markets where they
have inventory for sale. This network member can offer a number of services
including property preparation and management, pre-marketing analysis,
system-based marketing campaigns, closing services, and account and cash
management services. The network’s
decentralized communications approach also lends itself to overall increased
speed and efficiency.
“The Weichert REO Network doesn’t offer a one-size-fits-all
solution. We work with each client to understand their unique needs in the
markets where they want to move properties and put a plan in place that utilizes
the systems Weichert has developed over 40 years of sales success to get
results,” said Martin J. Rueter, president of Weichert Real Estate Affiliates..
“In addition, as a true full-service provider, we have the partners and the
experience in mortgage, title, insurance and the other aspects of the real
estate to ensure a smooth transaction.”
To ensure a consistent service level throughout the country,
network members must meet a certain standard to be included in the Weichert REO
Network. Some of the many qualifications include: a proven track record of REO
property disposition; several years of experience in sales management and real
estate company ownership; good standing with their local and state real estate
boards; thorough knowledge of contract language, local regulations, REO, BPO
and disclosure requirements; membership in REOMAC, NRBA or other professional
organization; dedication to service excellence.
In addition to meeting the needs of clients, Weichert REO
Network is yet another example how Weichert Real Estate Affiliates strives to
partner with its franchisees to grow their businesses together. Network membership provides affiliates with
additional inventory and leads to create more sales opportunities. REO members
also receive training, networking opportunities and professional materials to
help them capitalize on this growing segment of real estate.
To learn more about the Weichert REO Network, call
973-359-8377 or send an e-mail to wreo@weichertrealtors.net.
WREA, the franchise arm of Weichert, Realtors®, launched its
first franchised office in January 2002 and currently serves more than 300
markets in 36 states.
Weichert has nearly 18,000 sales associates in more than 500
company-owned and franchised sales offices in key markets throughout the
###