| Marketing Strategy
Once the listing agreement is signed we begin underwriting the
potential sale. Some transactions fall apart during the due
diligence period due to inaccurate information provided to the
Buyer. It is important to view the property, inspect financial data
and make copies of all necessary material. Once we prepare the
marketing brochure we send an e mail blast and begin calling
prospective Buyers.
In addition to our ten (10) point marketing plan, a major part of
our marketing process is to contact possible buyers by phone. We
have discovered that if an investor is satisfied with an investment
in a certain location they will be more apt to want another property
in the same vicinity. We have a data base of hundreds of owners for
any particular location. Throughout the phone solicitation and
marketing process we keep the Seller appraised of the reaction to
the property, both positive and negative, in addition we will offer
ideas to turn the negative into a positive.
We have a Buyer data base of over 5,000 people who have purchased an
apartment house or shopping center in the last three years. In
addition, we have a data base of over 19,000 apartment owners in Los
Angeles, over 20,000 apartment owners in the San Fernando Valley,
owners of 75 or more units in California and Nevada, and Shopping
center owners in California and Nevada.
We are in continuous communication with most of the logical buyers
for leased opportunities. We know which buyers are active and what
their needs, processes and criteria are for acquisitions. However
this buyer pool is always shifting and it takes a marketing process
and team to make certain all potential buyers are accessed.
An important resource is our ability to access exchange buyers. In
many instances we can directly impact their buying decision making
process. The critical component is to orchestrate buyer's interest
and mold the process of qualified activity. In this manner we can
significantly enhance the seller’s ability to influence the
negotiating process. This influence impacts price, due diligence
periods, sensitivity to questions about operating history, physical
issues, and requests for any representations and warranties, etc. It
is our duty when representing a seller to place the Seller in a
position of strength, while maintaining a quality relationship with
the potential buyers. It is critical to express to potential buyers
the limited number of opportunities they may have to purchase this
size, location, and age of the asset. Our marketing package will
emphasize these aspects. Considerable face-to-face interaction and
phone calls will determine the extent to which these emotional
elements can impact the pricing. We feel this is critical and
requires a skilled marketing team. Face to face impact with real
time market information and supporting market data is fundamental to
successful marketing of an asset.
We have the ability to list and sell investment opportunities that
are aggressively underwritten and priced to lead the market and set
new levels in their respective areas. We are able to create an
environment that results in heightened Buyer demand and ultimately
price results. A competitive “bid-like” atmosphere is created that
results and sometimes produces offers that exceed Sellers
expectations.
Exposure to potential purchasers of a high quality asset should be
through an experienced and informed agent. We have closed on a
significant number of investment properties. Through this process,
we have formulated an approach to marketing which implements the
benefits of exposure and competition, while minimizing the
impositions to the owner and their management team. These elements
are implemented through a short and direct communication channel to
the potential buyers and an understanding regarding the sensitivity
of the ongoing operation of the property. This approach has been
very satisfying and productive to our clients.
|
 |