01 April 2013

Revolutionary Real Estate Service Takes Off

In an enlightened twist to traditional real estate services, a boutique brokerage firm in South Florida added a revolutionary service for potential buyers: FACAFUNDS (Future Appropriation of Clients' Advanced Funds).

The boutique firm, Kaiser Associates, Inc, has successfully specialised in an unusual niche in South Florida: the market for contemporary and mid-century modern architecture. A second division of the office focuses on buyer representation in triple-net investments.

Founder and principal Tobias Kaiser, an affable German with a US Master’s degree and 22 years experience as an independent broker, explains his newest client service which is to be introduced today:

“When a buyer contacts a real estate broker, client and broker sort of sniff each other out and then establish property criteria and a price corridor. Often though, these criteria are a moving target."

"Consequently, clients have to constantly adjust their budget and their expectations, which can be very frustrating for both parties.”

Kaiser goes on: “With FACAFUNDS, select clients now have the possibility to transfer all of their earmarked acquisition funds into our escrow account – even before we identify one or more matching properties. The funds stay in the designated account until either we have found a property or until they are earmarked for other purposes and cleared out by the client or by us.”

Typical acquisition budget flow in a FACAFUNDS application; here a nightly refresh cycle.

Only select clients will be invited to participate in the program, and fees for the service are kept on purpose at an affordable monthly 0.9999% of the parked deposit to cover all sorts of expenses.

“FACAFUNDS is not meant to generate a profit for the brokerage while the funds – with a minimum US$130,000 – are parked, which can be as long as 13 years ” explains Kaiser. “Any profit is generated through the acquisition, or when the funds are transmogrified and withdrawn by the authorised parties”, which only include the client and the broker, whoever comes first.

“With FACAFUNDS, the question ‘It’s 11 pm - do you know where you money is?’ has become obsolete. The client has total budget transparency as long as the funds stay in the account, and to a certain extent even after they are gone.”

As much as the new service sounds like a forehead-slapper for consumers and dead-simple to imitate by brokerages, title companies or attorneys, it should be noted that working closely with loan experts from Madoff Bank NLC, Kaiser has spent considerable time and espresso to develop FACAFUNDS, virtually ensuring it will be a huge success for someone.

If you are interested in learning more about Kaiser Associates, Inc. and their FACAFUNDS program, contact them here.

©Pookeeboo Real Estate Times, April 1st, 2013.

1 comment:

Narvman said...

Receipts, suitable for framing it be sent the day of your deposit.
Mid Century modern frames,(needing remodeling) available for an extra 200K.