Our Process
Byron Field will work with you to collaborate at every level from valuation to marketing as well as transaction management to ensure we maintain service integrity at every stage of the process till close, because we know success goes beyond a single transaction. With an emphasis always on value, accountability and return we’ve developed the processes that continue to exceed expectations across the following service areas essential to a successful disposition or acquisition.
Property Valuation
When considering a disposition of your multifamily property we start off with a property valuation that provides for the most aggressive and defensible “go to” market price possible. We do this by analyzing the following:
- Financial operations
- Physical condition
- Improvements
- Area rents
- Recent sales
- Active listings
- Area development
- Value add potential
- Competition
- Overall demand
Marketing process
We then leverage our proprietary platform to maximize exposure across the largest pool of buyers ready to compete at the highest price. A marketing plan will always include the following but not limited to:
- Exclusive listing agreement
- Detailed marketing schedule
- Weekly activity updates
- Outbound phone calls
- First class marketing collateral
- Email active buyer list
- Targeted Postcards
- Extensive 1031 buyer pool
- Syndication of listing sites
- Broker outreach
Marketing process
Finally, we handle the negotiation and due diligence process to anticipate and overcome obstacles, carefully track documentation, and ensure the property’s sale transaction closes on time and stress free. You can always rely on each transaction to entail the following:
- Prequalifying buyers
- Assistance & oversight
- Electronic contracts
- 24/7 online access
- Transaction coordinator
- Tracking EMD
- Coordinating inspections
- Sourcing Title/Escrow
- Clearing title clouds
- Easy ownership transfer