Specialized Services

As the market for REO services has increased in the aftermath of the nation’s housing crisis, Floyd's preservation has become a leader in maintaining the REO assets of its clients to protect the value and help improve the marketability of properties. Previously, the task of maintaining REO properties had been left to real estate agents under contract to sell the property. However, separating the marketing and maintenance responsibilities allows real estate agents and field services companies to focus on what each does best. Real estate agents can focus on selling properties, and field services companies can focus on keeping the property maintained and secure. Floyd's property preservation has led the industry in developing processes to improve the timeliness and quality of service performed. Most importantly, we established an effective triangle of communication between Floyd's property preservation, its contractors and the property’s real estate agents, which results in additional checks and balances to help assure that REO properties remain in the best condition possible to reduce time on the market and improve the value and desirability of properties. Please click on the links to the left to read more about Floyd's preservation REO services, including initial cleaning, maintenance services, ongoing services and our REOplus ® repair and rehab program. Floyd's preservation offers a full range of inspections, including exterior occupancy checks, contact attempts with door hangers, and full interior inspections.

Initial Service

The initial services order is the first step to placing a “SOLD” sign in the yard.

When a property moves to REO status, the focus shifts from simply protecting and maintaining it, to marketing and selling the property as quickly as possible.

Floyd’s Property Preservation contractors secure the property, re-key all doors, remove debris and complete a full maid-service cleaning of the interior of the home. Depending on the season, the grass will be cut or the water lines will be winterized. The property will be inspected for damages, pool areas will be secured and emergency conditions, such as basement flooding or roof damage, will be addressed immediately.

The contractor also will notify the real estate listing agent when the initial services have been completed so that the agent can immediately begin marketing the property

Ongoing Service

Ongoing services keep properties marketable throughout the duration of the sale process.

Floyd’s property preservation continues to service REO properties inside and out to maintain their curb appeal and marketability. Ongoing services include lawn maintenance and monthly marketability checks. Other services such as securing and de-winterization are completed as needed. Our goal is to assure that every REO property remains secure and marketable from the initial service order through the final inspection.

REOplus

REOplus® takes marketability to a new level.

In today’s competitive real estate market, REO properties must compete effectively against traditional-market homes. Floyd’s property preservation was the first field services company in the industry to provide “white glove” cleaning and maintenance as part of its standard REO services to improve the marketability and appeal of REO properties inside and out. Our REOplus® marketability enhancement program takes that concept to a new level, with additional services to improve a property’s value, curb and interior appeal and attract a wider market of prospective home buyers.  Floyd’s property preservation offers a fully customizable set of options to assure that each property receives exactly what it needs to compete successfully in its particular market.  These services include:

  • Landscaping
  • Carpentry
  • Lighting
  • Plumbing
  • Painting
  • Cabinetry
  • Flooring
  • Decorative updates

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