Description:
Sagar Patel REO Specialist and Real Estate Broker Sagar Patel joined Coldwell Banker Residential Brokerage in 2012. He brings fresh energy and a working knowledge of the REO industry to the Central Street office in Evanston. Sagar's experience with technology, his creativity, attention to detail and problem solving abilities gives him an edge in any marketplace. Whether you are buying, selling or investing Sagar can assess your needs and devise a strategy to net you the highest possible profits and accomplish your real estate goals. Sagar serves the needs of his clients in the following communities: North Shore- Evanston, Skokie, Niles, Lincolnwood, Wilmette, Winnetka, Kenilworth, Glencoe, Glenview, Northbrook, Deerfield North side of Chicago – Lincoln Square, Andersonville, Rogers Park, Edgewater, Lakeview, Lincoln Park, Roscoe Village, Wrigleyville, loop and the surrounding Chicagoland suburbs. Listing and Marketing Sagar develops a marketing plan for each listing. This incorporates the most prominent print and advertising mediums for the specific market and an extensive internet campaign promoting the property on over 60 heavily trafficked news and search sites. Sagar chooses to work with Coldwell Banker Residential Brokerage because of their international reach and unmatched networking capabilities. Last year alone, the local site www.coldwellbankeronline.com received traffic from over 189 different countries and delivered over 7,500 leads a month to the Midwest region. He is confident these numbers far exceed the competition and provide his REO clients the highest level of exposure for their properties. The results of this strategic marketing are expedient, profitable, smooth sales. Clients find Sagar to be organized, efficient, dedicated, and a consummate professional at all times. Sagar keeps his clients well informed with regular reporting on their listings and the market. Using advanced systems like Online showing Report and Marketquest to provide accurate and up to date vital statistics. Utilizing these tools and systems in his marketing plan helps Sagar provide the best service to either side of the transaction. Buying REO Listings If this is your first time purchasing an REO, Sagar knows you will have lots of questions and need his expertise to walk you through the process. You may be wondering ‘How does a property become an REO property?' A Real Estate Owned property (REO) is a property that has been reverted to the mortgage lender after it has gone through foreclosure. These bank-owned properties can offer great deals for buyers, often closing for less than the usual resale home. REO properties are also a great avenue for investors looking to benefit from new federal programs, including the REO Rental Initiative. Sagar also finds some buyers are concerned the process will be too difficult or complicated and not worth the stress, but he assures you that with the right agent, REO transactions are streamlined for all parties involved. Sagar is knowledgeable, dedicated, and invested in his clients' success. He will be your best and most valued resource for finding the ideal REO properties that meet both your financial and lifestyle needs. Having Vision Some REO properties can be ‘turn-key' move in ready homes and some need some work. It is important to remember REO properties are ‘as-is.' But Sagar will advise you, "Don't be discouraged, remember that properties are investments. An informed buyer with a solid plan can make an REO property into a lucrative investment." Personal Background Sagar was born and raised in suburban Chicago. While he attended the University of Illinois-Chicago, he was a member of the Phi Kappa Psi fraternity. Sagar is a huge Chicago sports fan, fanatically following his beloved Bears and Bulls. In his free time, Sagar enjoys exploring Chicago and playing sports and learning new technologies in an effort to better serve his clients. He is also a member of the Asian Real Estate Association of America (AREAA).