Specifications include, but are not limited to: 1. Provide comparative market analysis on properties listed for sale by theBorough. 2. Consult with Borough staff on the recommendation of listing prices to be approved by the Borough Assembly. 3. Develop a sales and marketing strategy to be approved by the Borough Manager or designee, which will include inspecting the properties, taking photos, placing signage, drafting marketing descriptions, researching all necessary documents on properties, and develop a detailed information sheet on eachproperty. 4. Brokers/firms shall design and pay media advertisements listing all Borough properties that are for sale. 5. Brokers/firms shall collect earnest money and draft purchase agreements for any sale and present said agreements to the Borough Manager. The broker/firms shall ensure that earnest money amounts and purchase agreements are accurate and in conformance with established Borough codes and policies. 6. Upon acceptance of offers, the brokers/firms shall work closely with the purchaser, lenders, and the Borough for a timely closing of the transaction. 7. For listed properties, Broker/firm shall submit offers to Borough within 48 hours of receipt. 8. Brokers/firms shall provide expertise on the local real estate market to determine which properties should be added to the list and the timing of suchadditions. 9. Brokers/firms shall provide expertise on the local real estate market to determine the best subdivision strategy with the greatest return on investment for Boroughowned properties. 10.For unsolicited land sale offers, the Broker/firms shall provide to the Borough an analysis and listing sales prices for properties that are not listed for sale, according to Resolution 2696S. Brokers/firms will consult with Borough staff to assist in determining if the sale is in the Borough’s best interest.
