Page 98 - Guardian Broker Questionnaire Summary Complete Package 2 2 22_Neat

Marketing Timeline Guardian Place I & II

Listing agreement executed

• Conduct meeting with deal team to solidify timeline and collateral needed
Pre-Marketing • Seller provides property summary sheet and marketing collateral
Weeks 1-3
• Marketing schedules photography tour of the property
• Local agent tours property

• Draft offering memorandum delivered to seller
• Marketing identifies list of prospective buyers and creates email announcement

Release to market

• Written marketing updates provided to seller
On the Market • Investor property tours
Weeks 4-5
• Updated financials requested from seller

• Initial bid date

• Review offers and invite select bidders to submit best and final offers
• Best and final bid date

Buyer selected

• Escrow department requests due diligence documents from seller
P&SA Negotiation
Weeks 5-8

P&SA executed
• Buyer’s due diligence and financing period
Escrow
Weeks 8-16 • Property inspections
• Consents and approvals contingencies

* Dependent on HUD/state approval timeline

• Buyer / lender funds wired
Week of Close
Week 16

Marketing Timeline | 21