What Home Buyers Love About Online Real Estate

The very first step among almost all home buyers is to look online to find their new home.

Plopping down on the couch with their laptop to search for real estate is easy and convenient for buyers. Using a tech platform like Reozom makes the experience even better for them.

Reozom caters to a buyer’s wants and needs in order for our homeowner’s listings to sell faster.

Where Buyers Search

Buyers will typically start their online search using Zillow, Trulia or Realtor.com, all of which Reozom listings are on. Reozom also posts listings on the local MLS, so if the buyers have an agent, it will be in front of them, as well.

What Buyers Like

For the third consecutive year, Millennials made up the dominant group of home buyers at 35%. Gen X came in at 26%. These generations LOVE technology and they LOVE pictures.

In fact, 90% of buyers found property photos to be the most important part of a listing’s web page. That’s why Reozom’s listing pages are designed with photos that are prominent and easy to click-through.

How Buyers Think

We live in an on demand world. When a buyer finds a listing online that they love, they want to see it in person ASAP. On Reozom, buyers can schedule a showing in seconds directly on the site. It’s instant gratification.

Buyers also might want to learn more about the listing right at that moment. They can do that by chatting live with a seller who’s online or by sending a message to the seller.

Overall, engaged buyers lead to satisfied sellers. That’s Reozom’s way of doing real estate.

For more updates and tips, follow Reozom on Facebook, Twitter and Instagram!

(information source: 2016 Home Buyer and Seller Generational Trends report)

The Advantages to Selling Your House Without a Traditional Real Estate Brokerage

With the technology and resources available today, there is no reason a homeowner cannot successfully sell their own property.

In fact, a homeowner will actually gain many advantages throughout their real estate transaction when using Reozom, an online flat fee broker and real estate tech platform that empowers home sellers and buyers.

Reozom sellers can one-up traditional brokers by listing their house at a more competitive price, communicating quickly with buyers and responding to offers directly on our platform.

Competitive Pricing

Because you are listing through Reozom for only $395, you are saving thousands of dollars on your home transaction. This gives you the flexibility to set your home at a more competitive price because you are not considering the expensive agent commission fees, up to 6% of the entire home price.

For example, a homeowner using a traditional broker will pay up to $18,000 on a $300,000 listing. Reozom sellers can competitively price their home at $290,000 and still walk away saving almost $8,000.

With a competitive price, your listing can get more attention and sell much faster, while you’re also saving thousands.

Fast Communication

You are the best sales person for your own house. A real estate agent’s schedule is often tied up because they are juggling the needs of their other clients. Believe us, they are not hunkered down in their office doing paperwork for you.

When using a listing agent, odds are your potential buyer or their buyer’s agent will either be sent to voicemail or their email will go unanswered for hours simply because the listing agent is busy.

As a Reozom seller, your sole focus is your house and getting it sold. You set your own preferences for communication whether it be phone, text, email and/or Reozom’s live messenger. You can respond to buyers instantly and interact with them directly.

The higher your response rate is to buyers, the quicker your home will be SOLD.

Direct Offers

If there’s one thing that sellers flying solo are worried about, it’s having the confidence to negotiate an offer. Well, Reozom has a solution for that.

On Reozom, buyers can send offers online directly to the seller. The seller then has the option to accept, counter or decline. Saying “No Thanks” to a low ball offer is now as impersonal as swiping left. Or sending a courageous counter offer can be done by simply clicking a yellow button.

You don’t need an agent, let technology do it for you.

 Other Quick Tips for Success:

 Share on Facebook!

Reozom posts all of our listings on Facebook. Share your listing’s post onto your Facebook in order to get it in front of all of your friends.

Also ask your close family and friends if they would re-share your listing’s post. This will get your listing in front of hundreds, potentially thousands of people in just two clicks.

Piggy Back on Other Open Houses

Do a little research on when Open Houses are happening in your neighborhood. The other real estate agents for those listings are going to market their Open House to their list of contacts.

Figure out the common date and jump onto your Reozom dashboard to schedule your Open House in seconds. Then on the day of, make sure your sign is out (maybe put up another one on the street corner) and watch all of the other listing’s traffic walk through your door.

Get Gimmicky with It

Remember, you are saving thousands of dollars on your real estate transaction. You have some room to have a little fun (that sellers with traditional brokers don’t get to have).

Here’s an idea. Go buy a 70 inch smart, ultra HD TV, mount it beautifully on your wall and during the showing, let it be known that the TV stays with the house.

(If you think about it, you’ll still have thousands more left to spend on whatever fun toy YOU want.)

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New Solutions on Reozom: A Real Estate Tech Platform

Reozom is doing what no other real estate tech platform does.

We offer home buyers and sellers online solutions that help make the home buying and selling process easier, faster and more affordable.

For just $395, homeowners can list their home on Reozom. We will then market the residential property on the MLS, ZillowTrulia and Realtor.com. Last year we were able to save Michigan homeowners $3 million and this coming year, we plan on helping a wide range of people save even more.

Using our new solutions, homeowners can view analytics on their listing’s activity, chat live with potential buyers and accept, counter or decline offers.

Here’s a quick overview of our newest features:

Real Time Analytics for Listing ActivityAnalytics1

From your “Manage Listing” page you’ll find a few new additions.

  1. Real Time Visitors: You can see the number of people that are looking at your listing at this moment.
  1. Overall Visitors: You can view the overall number of visits your listing has gotten since it went live.
  1. Social Media Buttons: You can click and share your listing onto your social newsfeed instantly.

If you scroll down the “Manage Listing” page, you’ll have access to ALL of your listing’s analytics. Here you can sort through real time, daily, monthly and overall data about your listing’s activity.

Analytics2

Ability to Accept, Counter & Decline Offers

Buyers can now make an official offer on your listing directly on Reozom.com. They can fill out our online offer form, upload their Proof of Funds and send it your way.

You will receive an email notifying you of the offer. You can also see if you have any new Offers on your user Dashboard.

Offers1

Upon clicking the Offers notification, you’ll go to a page that lists all of the offers that have been made on your property.

Screen Shot 2016-03-10 at 4.54.21 PM

When you click on the offer, you will be taken to this page below where you can review the offer. Here you can accept, counter or decline the offer.

Offers2

Upon an offer’s acceptance, you can add conditions. A purchase agreement will automatically generate upon the acceptance of an offer.

Communicate with Home Buyers & Sellers

When visiting a listing’s page, buyers will be able to see whether or not a seller is online or available to chat.

Chat1

 

Buyers and Sellers are able to connect and communicate unlike they ever have been able to before.

Reozom-Messenger

Please look forward to more tutorials and helpful posts about our new platform.

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Facts Behind the Myth: Real Estate Agents & “Paperwork”

Common Question:

“But… if I don’t have a real estate agent, who’s going to do all of the paperwork?”

Honest Answer:
Your real estate agent doesn’t really do that much paperwork… at all.

In fact when using Reozom, a real estate tech platform and online flat fee broker, sellers complete all of the required “paperwork” electronically and intuitively. They are able to do this because using Reozom is as easy as using Facebook.

You are paying your real estate agent thousands of dollars to do a task that you can do online while watching a 30-minute episode of a Netflix series.

It’s a total myth that real estate agents do a lot of paperwork. A real estate agent is responsible for completing listing documents and a purchase agreement (upon the acceptance of an offer). That’s it.

During Reozom’s streamlined listing process, you are guided step-by-step through each document as if you are filling out any other online application. Legal disclosures are also completed. Reozom covers it all.

Now you may be thinking, “But wait, I still don’t know how to fill out a listing document…”

Nobody knows your home better than you. With the use of Reozom’s technology, you can complete this “paperwork” all on your own without ever picking up a pen.

Still have doubts? Try answering these questions below:

How many cars fit in your garage?
How many rooms are in your house?
Does your dishwasher currently work?
Has there been evidence of water in your basement?
Does your roof leak?

Knew all the answers, didn’t you?
You can totally do this.

Even better, Reozom automatically generates a Purchase Agreement for you after you accept an offer directly through our platform. You don’t even have to think. It’s immediately ready for you to send off to your title rep.

Which brings us to the real paperwork aka the title work. Your title representative is in charge of handling all of your closing documents (you know, that large stack of paper that you sign before getting the keys). Your real estate agent has nothing to do with these documents.

Simply put, when using Reozom you’ll fill out a few easy online forms and your property will get marketed on all of the major sites like the MLS, ZillowTrulia and Realtor.com.

Thousands of dollars will be saved… along with a lot trees, too.

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