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Portfolio sales are a great way for lenders to clean house freeing up resources and meeting quarterly earnings goals.
Largest response
With more properties being advertised at once there is a bigger response and more activity and interest resulting in larger turn outs. Prospects may be reviewing one property and find interest in another. Portfolios with similar products like hotels sold nationally have the best results as well as mixed portfolios of product sold in a small regional area.
Cost Effective
Typically it costs $15,000 - $25,000 to market and sell a property depending on how broad the target market is and if you are marketing regionally, nationally, or internationally. Portfolio sales have dramatic savings and typically cut the cost per property in half or more depending on the locations.
Broker Partners
Some lenders have long term relationships with brokers who they want to keep but the listing is not producing results so they want to move forward with an auction to meet their goals. SAGE can partner with those brokers to run the marketing and project management of the sale while the brokers manage the showings.
Portfolio Review
Contact SAGE anytime to review your portfolio. Our experience can provide you insight on what properties are best suited for auction so you can incorporate auctions as a solution for managing your portfolio. For any listing over six months, what are you waiting for?
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