Buy Owner - Premier FSBO (For Sale By Owner) company with 26 years of experience. Ground breakers in the industry with brand recognition in over 10 major markets.
For more information email us at rbrazda@moecker.com.
Frequently Asked Questions
Offered for sale "AS IS". Subject to change without notice.
Click here to download bid information.
Click here to download the Asset Purchase Agreement.
Q.What is an Assignee?Click here to download bid information.
Click here to download the Asset Purchase Agreement.
A.Individual to whom a title, claim, property, interest, or right has been transferred.For example, a payee may assign his or her rights to receive the payments under a promissory note to a third person. Assignees are either assignees in fact or assignees in law. An assignee in fact is one to whom an assignment has been made in fact by the party having the right. An assignee in law is one in whom the law vest's the right, as an executor or administrator.
Q.What Additional Data is available?
A.All financial, Asset and Website information is listed on this site. There is no other information available offline.
Q.What is included in the sale offer?
A.All assets of the company. This is an "Asset Sale" only.
Q.Can we make an offer on the companies separately?
A.All operation assets our contained in Buy Owner Inc. and Buy Owner International. All other companies share and utilize these assets to operate.
Q.Do I need to pre-qualify to submit a bid? A.Yes, Two requirements must be met.
Q.Can I submit my offer over the Phone?
A.NO. All offers need to be in writing and mailed to:
- Michael Moecker & Associates
Attn: Buy Owner Offer
3613 N. 29th Ave
Hollywood, FL 33020
Or E-mailed to: Phil von Kalhe philv@moecker.com
Q.Will there be a call in "live" bid on the afternoon of January 31st?
A.YES. See top the top of this page for documents to download.
Q.Is this transaction subject to court approval?
A.Yes. There is a hearing scheduled for February 4th, 2011.
Q.What amount of funds are required for deposit by the winning party and when will these funds need to be deposited.
A.$100,000.00 US dollars must be placed in an Escrow Account satisfactory to the Assignee, Mr. Phil von Kahle
Category Report Questions
Professional Fees
Q.What services does HASELTINE-PHOTO INC provideA.Professional Photography and Virtual Tours
Q.What service does Terri Graege & Linda Martin Provide
A.In Atlanta you are required to have a broker of record even for FSBO listings.
Auto Expense
Q.Is this reimbursement to employees or contractors for miles driven in personal cars?A.It is an assignment related expense.
Commission
Q.Are all of these payments to the sales people, if not please explain.A.Yes. 20% of total collected.
Contract Labor
Q.What services are these persons or businesses providing?A.Some are internal expenses, the ones labeled MMA, the others have been payroll adjustments and at one point we had an ad writer but placed that back on the appointment closers.
Moving expense
Q.What is this for?A.Our expense for moving out of an oversized office.
Payroll
Q.Please provide a list of the positions that are currently filled by payroll employeesA.
Storage
Q.What items are in storage - General info is fine.A.Does not relate to the asset sale. Mostly records but some leased copiers.
Travel Expense
Q.What is this for?A.Our travel costs to Chicago.
Web Site
Q.Can you tell me the number of discrete new visits to the Buy Owner website, each month, since your firm has taken over?A.We capture unique IP addresses per month, but there is no comparison to "all time" visits.
Here are some unique IP statistics
New Clients
Q.How many new clients, per month, have signed up since July?A.
Additional Questions
Q.How many of the existing staff are interested in remaining with the company?A. As I understand it, all of them.
Q.The cause(s) of the dropoff in new clients over the last five months.
A.Simple answer, less advertising. No advertising in December due to historicaly less sales. When the company operated, they were spending millions on advertising annually. Our top month we spent $30,000.
Q.What type of advertising is being done currently?
A.Nothing in December. Limited rolling market TV ads since our takeover.
Q.Apparently commission sales are the main source of revenue...are the salespeople interested in staying on?
A.From what I understand, yes they are.
Q.Must bids be all cash? If not, what other forms of consideration are acceptable (e.g. debt forgiveness)?
A.You are purchasing assets only so debt forgiveness would not matter. We would consider terms on the right deal with a substantial amount of money down. All subject to Assignee approval.
Q.When is the foreclosure sale scheduled for the Chicago building?
A.Currently on hold through our counsel's relationship with B of A.
Q.Is MLS Realty an asset that's part of the sale?
A.The service mark for MLS is an asset of the estate. Please see the list of Service/ Trade Marks.
Q.If we bid, we will need to wire transfer the $100,000 qualifier and other funds. What's the routing and procedure for that?
A.You will be supplied with banking info when it is the appropriate time.
Q.Can we deposit our funds with the clerk of the court? If not, does Michael Moeckler and Associates carry a bond that covers such funds? When will the funds be returned if we are not the successful bidder?
A.The funds would go in an escrow account acceptable to the assignee.
Q.Is there a form for the bid?
A. Yes. You can download the sample APA here.
Q.Will Bank of America also be there to bid?
A. We do not comment on who will be bidding.