Meticulous Due Diligence, Informed Value Assessment, Savvy Strategy

PierceSmith.com Real Estate serves the investor who has all cash purchase capacity for a Trustee Sale but lacks the time or interest to perform the meticulous due diligence necessary. Detailed research of property history is critical to make sure the purchase amount covers all loan, tax or other liens. In addition, the property is offered “as is,” requiring the broker to have the necessary expertise to know everything about the physical condition as well as the lien status. Finally, once a Notice of Trustee Sale has been issued, precise tracking of property status must be maintained due to frequent postponement, cancellation and rescheduling of Trustee Sale dates.

Our client investor sets the maximum bid allowed.  Since bidding requires strategy similar to a professional poker game, details of strategy are fully discussed and agreed upon in writing prior to the auction date.  When the winning bid is made, the investor typically takes ownership within two weeks. The auctioneer issues a written receipt at the Sale.  The Trustee will then record the deed and send the investor any excess funds. Once the deed is recorded we suggest the investor purchase title insurance for the property.

Our fees as Broker Representative vary according to our accomplishments.  A negotiable 10% Broker commission is typical.

A Convenient, Trustworthy Resource

By forming a trusting relationship, PierceSmith.com Real Estate offers our investor clients a convenient platform for making money.  When our Property Management and Property Exchange Services are added, we provide clients with a turnkey process that can lead to years of successful real estate investing facilitated by PierceSmith.com Real Estate.