Reozom Bares all

Reozom is all about Transparency. To prove this Team Reozom is “Getting Naked” by showing all the cancellations received in 2015 & 2016 with the Sellers outcome after switching over to a traditional Real Estate Agency. The numbers prove what Reozom has continued to state since 2008. It’s not about getting to the “Next Level” of marketing. It’s only ever about the PRICE! This data is based on an average 3% Listing Agent fee. On a home that sells for $250,000 the Broker Fee is about $15,000; you can avoid this by selling it yourself. (based on 6%) Agents believe they can get you more money through negotiation, leverage of local knowledge, use of marketing tools and ability to qualify buyers. Reozom’s full frontal Real-Time numbers

This data is based on an average 3% Listing Agent fee.

On a home that sells for $250,000 the Broker Fee is about $15,000; you can avoid this by selling it yourself. (based on 6%) Agents believe they can get you more money through negotiation, leverage of local knowledge, use of marketing tools and ability to qualify buyers.

Reozom’s full frontal Real-Time numbers proves them wrong! In 2015 Reozom had 135 total listing Cancellations & 2016 we had 123 Cancellations. Yes, these are pretty big numbers and that is why Team Reozom has researched into why. Agents convince Sellers they are missing the market by being listed through Reozom.com. This proves they are wrong!

Only 59 of those Cancellations listed with a Traditional Agent in 2015 Sold & 45 in 2016 (Many decided to not Sell).

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Above and Beyond Real Estate Technology

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Reozom identifies as a real estate technology company, but that doesn’t mean our team consists of a bunch of robots! Here at Reozom, we care about our buyers and sellers and we do all that we can to help their real estate transactions be successful ones.

Here are a few ways Reozom goes above and beyond:

1. Top Notch Customer Care Team
Reozom has a dedicated and driven Customer Care team that is available online or by phone to help you with anything you may need. Whether you have a question or want to know more about Reozom, they can give you any answer or assistance.

Reach out to them at support@reozom.com or call (810) 987-1100. They are always happy to help!

2. Social Media Presence & Marketing
Reozom is active on multiple social media channels, which helps grow the pool of potential buyers for our sellers. We post on social media daily and also post every single listing on our Facebook page. Our team knows that our social media audience is mainly Millennials, which is great for our sellers because Millennials make up the majority of buyers on the market.

We have created marketing campaigns that highlight our seller’s listings such as our #ReozomHome of the Week campaign. Every week we feature a Reozom listing and post it on all of our social media channels.

3. Quality Platform and Design
Our awesome and incredibly talented development team works every day to build Reozom into a stronger and better platform. We have put a lot of focus in making the Reozom experience as effortless and intuitive as possible.

Plus, we pay attention to detail. Our development team designed our listing pages to accentuate the property photos and provide simple navigation. An online listing page is often the buyer’s first impression of the home, so having a gorgeous site design was very important to us.

Reozom is a tech company that is ran by a team with a lot of heart. Our team always has our user’s best interest in mind. We are here to make your real estate experience a better one!

Follow us on Facebook, Instagram and Twitter for more updates!

3 Real Estate Improvements to Bring in the Buyers

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The reality of real estate right now is that buyers want move-in ready homes. The majority of buyers in the market are Millennials and this generation is used to getting exactly what they want when they want it.

Reozom, the online real estate transaction platform, has an online social audience that is mainly Millennials and Gen X-er’s (which is awesome for our sellers!). Because of this, we know what these buyers are looking for.

Basically, if your kitchen or yard is “on fleek”… you will attract a lot of buyers. Current buyers in the market are drawn to surface-level qualities of a home. This is actually a good thing for sellers because most of these improvements are quick fixes that can be done easily and inexpensively.

Here are 3 home improvement ideas that will make any buyer do a double-take:

1. Fresh Paint & New Carpet
There’s nothing closer to pressing the reset button than freshly painted walls and newly carpeted floors. Not only does this add a clean vibe to the house, it is very appealing to buyers. It makes the home feel like a blank canvas for them to make their own.

Even better, this fix can be decently cheap. You can often find great deals on paint and carpeting. If you don’t mind putting in a little work yourself, the project will cost even less!

2. Stainless Steel Appliances
So, it’s not news that buyers LOVE stainless steel appliances. Updated kitchens can make a huge impression for buyers. They really love granite countertops, but if you’re not looking to do a total kitchen overhaul, getting stainless steel appliances will boost the appeal with very little effort on your end.

Stainless steel appliances often go on sale at places like Lowe’s and Home Depot, so keep your eyes peeled!

3. A Landscaped Yard
Curb appeal is still a very real thing. A picture of the house and yard itself is usually the first photo shown on an online listing page. The home’s yard can have a major impact on the buyer’s initial impression of the property (in-person and online). Taking a Sunday to plant some flowers will absolutely be worth it.

If you are thinking of adding some trees or shrubs in the yard, keep in mind that buyers are also looking for little upkeep. Plant trees that don’t require a ton of trimming and maintenance.

All of these quick improvements can help move your home off the market fast!

For more tips and updates, follow our Facebook, Twitter and Instagram.

3 Ways Reozom’s Technology Solves Real Estate Transaction Pains

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When we say “real estate transaction,” you then probably think of all the stresses that come along with it. It usually involves playing waiting games, figuring out confusing paper documents and then having to negotiate the deal.

It’s no wonder that many of us hire a real estate agent to help us out. But that was before the technology of Reozom‘s online real estate transaction platform. Reozom is intuitive, easy to use and best of all, it can save you thousands of dollars on expensive commission fees.

Here are the top 3 perks that Reozom provides for the home buyer and seller, so they no longer have to deal with the pains of real estate.

1. Instant Gratification
A residential property can be listed on Reozom in under an hour. Reozom then blasts it off to be marketed on other major sites like the MLS, Zillow, Trulia and Realtor.com. It could take 3-7 days for you to see a listing live online when going the traditional route.

Buyers can also schedule showings directly on Reozom within seconds. Typically, the buyer will find a listing online that they like and call their real estate agent to tell them they want to see it. The buyer’s agent then has to call the listing agent and then the listing agent needs to call the seller… so on and so forth.

With Reozom, that’s no longer the case. We connect the buyer and seller directly, so showings can be scheduled with a couple clicks.

2. Effortless Paperwork
People are usually pretty intimidated by the “paperwork” that comes along with real estate transactions. When listing a house through Reozom, the seller will complete all of the legal documents while being guided through our simple, online listing process. All of the documents auto-populate and can be signed electronically by the user upon submitting their listing.

As for all of the other paperwork you may be thinking of, that’s mainly completed by your title company. So make sure you find a great title rep that can help you out.

3. Streamlined Negotiation
Negotiating can sometimes be tough, especially if you’re not used to doing it. On Reozom, buyers can submit offers directly to a seller through our platform. Sellers can then decline, counter or accept the offer without ever having to pick up the phone.

Once the offer is accepted, a Purchase Agreement automatically generates so you can email it to your mortgage and title reps. It’s as close to effortless as you can get.

Reozom‘s purpose is to leverage technology so real estate is easier, faster and more affordable for YOU. Learn more about us by following our Facebook, Twitter and Instagram!

Top 3 Perks of Homeownership

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Did you know that June is National Homeowner’s Month?

If you are a first-time homebuyer, you may not be aware of all of the benefits that come with owning a home. Reozom‘s online real estate tech platform makes the buying and selling of a home easier than ever.

Make sure to head on over to our platform and start shopping after reading these homeownership perks.

1. Owning a home is a smarter investment.
Owning a home means you are investing your money in your own future versus investing in a landlord’s. Over time, your home will most likely appreciate. This means that you will make money when it comes time to sell. Often times, the money made from selling your starter home will give you a nice down payment for your move-up home.

Plus, owning a home is actually cheaper than paying rent. A Pulseconomics report determined that paying median rent costs about 30% of an individual’s income. The median home payment costs about 15% of an individual’s income.

2. Homeownership gives you tax benefits.
A lot of people don’t realize that being a homeowner actually gives you a few tax breaks. You can deduct the interest you pay on your mortgage (within limits) as well as interest on other home related loans such as home equity and home improvement.

Learn about other tax breaks related to homeownership here.

3. Having a home gives you freedom.
When you own your home, you can do whatever you want with it. You can completely tech it out or get the puppy you’ve always wanted. Plus, you can paint and decorate exactly as you please.

Having the ability to live freely and create a custom living environment actually winds up being many homeowner’s favorite part of having a house.

These are only a few of the perks that go along with owning a home. Begin your home search on Reozom.com today!

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3 Reasons Why You Should Sell Now

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If you’ve been playing around with the idea of selling your home, we’re here to tell you, “Do it!”

Here at Reozom, which is an online real estate transaction platform, we have been watching listings flying off the market. Here’s why you should list today:

1. Inventory is low.
Michigan is still a Seller’s Market, which means that conditions are favorable for the seller. There are more buyers than houses, so the seller’s property is in higher demand and is very likely to get what they’re asking for (or in certain cases, even more).

Buyers are looking for finished, move-in ready houses. Today’s buyers live in an on-demand world and they want the same for the house they are about to buy. Make sure to keep that in mind to increase the success on your sale!

2. Opportunity is high.
In Southeast Michigan, homeowners have more jobs, money and equity in their homes than they’ve had in 10 years. Homeowners who have felt financially trapped in their homes (due to the housing crash) are now finally free to move.

The opportunity for having a better job and making more money is only increasing. According to the U.S. Bureau of Labor Statistics, job growth in the Detroit area has been outpacing the national average at 2.2%.

3. Mortgage rates – yep, they’re still low.
Buyers are on the prowl because mortgage rates are still below 4%. If you are a homeowner wanting to sell, it’s the perfect time to put in an offer on your move-up home, too. You will get the most for your current home and then be able to lock in a mortgage for your new home for much less.

It’s a win-win all around for everyone. So, we suggest making the bold move and selling.

Here at Reozom, we have made the entire real estate transaction easier, faster and more affordable than it’s ever been. You’ll be shocked at how simple the selling process is when using our tech platform.

Head on over to our Registration page to get started today!

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“Disruptive” Companies You Can’t Live Without

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A “disruptor” is a company that goes against the grain in order to evolve an industry. Our online real estate transaction platform, Reozom, is considered a disruptive company because we shake things up when it comes to the norm in real estate.

By leveraging technology, we are able to save homeowners thousands of dollars in their real estate transaction by eliminating expensive agent commission fees.

Here are other companies that may not realize were once disruptors:

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Amazon
Amazon completely changed the game when it came to online shopping. By offering unbeatable prices, people began browsing on Amazon to buy pretty much anything.

Amazon also upped the ante when it came to one-day shipping or even day-of shipping. Now we even use Amazon to binge watch our favorite shows or arrange for every day household items to arrive right on our porches.

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Apple
Our guess is that you’re probably reading this on your iPhone, so all you have to do is take a look at what you’re holding to realize why Apple was a disruptor.

Apple’s release of the iPod back in 2001 was a total revelation for the tech world. Think about it, this was back then people were still walking around with portable CD players. Now, we are able to manage our entire lives right from the palm of our hand.

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Netflix
Can you imagine a world where you couldn’t binge watch Walking Dead for hours into the night? Us either. Sorry, Blockbuster.

I think we can all agree that the on-demand streaming of movies and shows that Netflix brought directly to our televisions was either the best thing that ever happened to us (or the very reason for our own demise).

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Ikea
Ikea isn’t such an obvious one, but it absolutely was a disruptor. Ikea gave us the ability to buy cheap furniture and instantly furnish an entire house, if we so desired.

Although, let’s be real, Ikea could still help out by making the dressers just a little bit easier to build.

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Uber
Two guys that knew nothing about the taxi industry completely transformed the taxi industry after rolling out Uber. Now, even people who live in the suburbs have the luxury of hitching a ride to a concert or the bar.

Not to mention, documenting an Uber ride on Snapchat now provides all of us with some high quality Friday night entertainment.

All of these companies have become a major part of our lifestyles.
If you love and use these companies, we can guarantee that you will love Reozom.

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The Top 3 Technologies Impacting the Real Estate Industry

The real estate industry is facing major transformation thanks to technology.

But don’t be alarmed, technology is making the industry easier, faster and stronger than ever.

Here are the Top 3 Technologies that are impacting the world of real estate for the better.

Online Transaction Platforms
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 We don’t mean to toot our own horn here, but technology like Reozom is completely changing the way real estate is done. Our platform keeps the buyer and the seller connected in the same place throughout the entire transaction.

Reozom makes the (typically stressful) real estate process much easier for everyone involved, including real estate agents. Users can list properties, browse pics, chat with each other, schedule showings and send offers from the luxury of their laptop.

Oh, and all those legal disclosures to sign? That’s done on our platform, too.

Thanks to Reozom’s technology, the buying and selling of a home is more streamlined than ever before. Not to mention, Reozom eliminates expensive commission fees, which saves people thousands of dollars.

Virtual Reality
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Real estate is second on the list of industries being transformed by virtual reality. We are guessing that you can imagine why. Pretty soon, people will buy a Google Cardboard, stick their phone in it and take a virtual tour of any home they’re interested in (even if it’s on the other side of the world).

Virtual reality will save time, money and gas. Who would have thought that real estate teaming up with technology would be so eco-friendly?

Drones
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 To be honest, we’re not expecting drones to do too much for the real estate industry aside from taking stellar bird’s eye property photos and videos.

But drones are awesome and who wouldn’t want one? Taking beyond impressive images of your property is a great excuse to get your hands on the drone of your dreams. The better the property photos the faster the sale, right?

Plus, buying a drone wouldn’t even put a dent in the thousands you save from using Reozom. Just don’t crash it into your new neighbor’s house after you move…

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Selling Real Estate with Social Media

Along with marketing property listings on all of the major sites like the MLS, Zillow, Trulia and Realtor.com, the online real estate transaction platform, Reozom, also posts each listing on Facebook.

When sellers share Reozom’s post onto their own Facebook page, the number of people the listing reaches grows exponentially.

Rather than giving you the facts about Facebook, today we are going to share a real life example of what happens when a Reozom user shares their listing on the most popular social network.

Just a week ago, a Reozom seller shared their listing from Reozom’s Facebook page on the day it was posted. Their family and friends then shared the post, as well.

According to Facebook analytics, by the end of the day, this post had 600 click-throughs (meaning 600 people visited the listing’s page directly from Facebook). According to Reozom’s analytics, this listing had a total of 699 visits that day.

Which means, YOU GOT IT, a majority of that listing’s traffic came from FACEBOOK on its first day of being posted. Not to mention, this property then had a showing the same weekend it was listed.

Sharing-is-Caring-#S
So get on Facebook and share your listing today. Encourage your family and friends to help out and give it a share, too.

Make sure to include the hashtag #ReozomHome in your post for the opportunity to be selected as the Reozom Home of the Week. If chosen, your listing will be featured in a custom social media post that’s shared on ALL of Reozom’s social media channels!

Follow us on Facebook, Twitter and Instagram for more updates and tips.

A Tech Tool for Real Estate Agents

Reozom is a great online tool for real estate agents. In fact, this past month we had over 187 agents register on our platform.

In less than a year’s time, we’ve had 1,028 agents sign up on Reozom. Our real estate transaction platform offers an online listing process that markets properties on the MLS, Zillow, Trulia and Realtor.com. Reozom keeps the buyer, seller and agents connected within the same platform throughout the entire real estate transaction.

Here’s why Reozom is a must-use tool for real estate agents:

It’s Easy.
Registering on Reozom only takes a few minutes. Once registered, agents can search for a Reozom listing and instantly schedule a showing appointment with the seller directly on the site. This means no more frustrating phone tag for anyone.

Other platforms can be tough to use and learn. Reozom is intuitive and simple to navigate. It’s as easy as using Facebook.

It’s Quick.
Real estate agents can send messages to sellers or even call them directly. Many Reozom sellers choose to receive instant notifications via email or text, so they can respond to inquiries quickly. Our platform accelerates communication.

It’s Innovative.
Reozom offers streamlined solutions that are unmatched by any other real estate platform out there. Offers are made and negotiated online, making the process faster and less personal. Upon a deal being reached, a Purchase Agreement is automatically generated and ready to send to the mortgage or title rep.

If you’re a real estate agent, try out Reozom today. It’s free and you’ll be glad you made the connect!

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3 Strategies to Sell Your Home Fast

Every home seller has two goals in mind when selling their property: sells it fast and get the best price possible.

As an online real estate transaction platform, Reozom’s technology helps a homeowner have the optimal home selling or buying experience. If you’ve listed with Reozom, you’re already on the fast track to a successful sale.

Here are three other strategies to implement in order to have the fastest and best real estate transaction possible:

  1. Take quality property photos.

The days of “Don’t judge a book by its cover” are over. Most buyers will judge your listing based on your photos. In fact, 87% of buyers find viewing online photos of a home useful* (which in real talk means they use the photos to decide whether or not to see the house in person).

Use either a DSLR camera or the most current model of your preferred smartphone/tablet. Turn on lamps and optimize natural daylight while taking pictures. Clear out the clutter and take photos that show as much of the room’s depth as possible.

Keep your eyes out for Reozom’s “Listing Pic Tips” on Facebook, Twitter and Instagram.

  1. Track your listing’s analytics.

When listing with Reozom, you get access to real time analytics of your listing’s activity. Take a look at these reports and notice the trends and patterns. Is there a certain time of day that your home is being viewed online?

If so, be available to chat with buyers during those peak hours so you can respond to requests quicker and answer questions sooner.

  1. Share on social media.

From your Reozom dashboard, you are able to instantly click and share your listing on a variety of social media sites. After you’ve posted your listing on social media, ask your friends and family to share your post, too.

Make sure to use the hashtag #ReozomHome in your Facebook post for the opportunity to be featured in Reozom’s “Home of the Week” social media campaign (which markets your listing in front of hundreds of people).

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*Source: National Association of Realtors: 2016 Home Buyers and Sellers Generational Trends Report

How to Buy a House: Home Buying 101

Whether you’re asking Google or your parents about how to buy a house, don’t worry… you’re not the only Millennial out there who’s not sure what in the world to do.

In fact, many Millennials feel like they don’t understand the home buying process at all, which is why 71% of them hire a real estate agent.

But the thing is, buyer’s agents are really expensive. Working with one typically costs 3% of the entire transaction (that’s $6,000 for a $200,000 house).

As a home buyer you may think, “Well, the seller is the one paying the agent fees… so it doesn’t affect me.” But truth be told, many sellers factor the agent commission fees into the listing price…

And YOU’RE the one who will be paying the mortgage bill each month.

Using an innovative real estate transaction platform like Reozom will not only save you from paying for expensive fees (with interest over the course of 30 years), Reozom is also more enjoyable to use and work with.

So, without further ado, let’s walk through the simple steps of buying a home.

STEP 1: Figure out how much you can afford.

You don’t want to be house poor. So factor in any trips you’re taking, weddings you’re attending or other big purchases coming up, like getting a new car.

Lenders usually recommend looking for a house that costs 3-5 times your annual household income (if you plan on making a 20% down payment).

STEP 2: Get Pre-Approved.

Contact a mortgage banker to see how much you can get for your new house. You’ll provide your financial information and some documents (W-2 statements, paycheck stubs, bank account statements, etc.).

If everything checks out, you’ll receive a Proof of Funds or Pre-Approval letter. Keep this document handy because sellers may want to see it before a showing.

To accelerate this process, try out a new and innovative platform like Rocket Mortgage.

STEP 3: Get Your Search On!

Now that you know how much house you can buy, head on over to Reozom.com and get shopping. If you find a house you like, schedule the showing right on Reozom and you could be touring the house in-person as soon as the next day (without ever making a single phone call).

Step 4: Make an Offer

If you loved what you saw in person, it’s time to make an offer. You can make an official offer directly on Reozom. If the seller accepts your offer, a Purchase Agreement will automatically generate, which you will send over to your mortgage and title company.

At this point, the home goes into escrow, which is the period of time it takes to finish the remaining steps of the home buying process.

Step 5: Get a Home Inspection

Your offer can be contingent on a home inspection, so if the house winds up having a lot of hidden headaches, you can re-negotiate or withdraw your offer.

Find a local inspector and hire them to go check out the house. You and the seller will get a report of the findings, and at that point you can make the decision as to whether or not you want to request certain repairs before finalizing the deal.

Step 6: Select Your Loan

Work with your mortgage banker to select a loan program. They will have some options for you to pick from, so make sure to factor in what’s most important to you (for example, having the lowest monthly payment possible may be priority over a payment that is ensured to never increase).

Step 7: Get the Home Appraised

Your mortgage company will set up a home appraisal to estimate the value of the home you are about to buy. This step is necessary to show all parties involved that you are paying a fair price for the home.

Step 8: Complete the Paperwork

Your mortgage banker can connect you with a title representative. Your title rep will do all of the tricky research and paperwork for you to make sure the seller is the rightful owner of the house, so then YOU will be the rightful owner of the house once you buy it.

(Just so you know, your real estate agent doesn’t play a part in any of this paperwork.)

Step 9: Closing Time!

At the closing, you will sign all of the paperwork that will complete the purchase, including the loan documents. Once this paperwork is returned to the lender, a check will be delivered to the seller and the transaction is complete.

Now it’s time to pour some champagne because you are officially a HOMEOWNER!

See? Pretty simple.
And always remember, Reozom’s team is right here to answer your questions, just like Google or Mom.

Like reading this blog?
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Real Estate Technology: Zillow VS Reozom

As a real estate tech platform and online broker, our team at Reozom is often asked the question, “Are you guys like another Zillow?”

The answer is, “No. Actually, Reozom does A LOT more than Zillow.”

Reozom is a real estate transaction platform.
From start to finish, Reozom users list, market, manage and sell their properties.

First, the seller lists their home on Reozom and completes all legal disclosures in under an hour. Next, the property is immediately marketed on all major sites like ZillowTruliaRealtor.com and the MLS (which Zillow does not do).

On Reozom, sellers can manage their listings by scheduling Open Houses, accepting Showing Requests and negotiating Offers. Reozom also automatically generates a Purchase Agreement to finalize the deal.

Zillow is an advertisement and lead platform for agents and nothing more.
Reozom is a transaction platform that markets and does a lot more.

Reozom provides real time analytics.
We hate to burst your bubble, but the data on Zillow is very outdated. Zestimates are months behind and can fluctuate based on advertising sales.

Reozom gives sellers a real time look into their listing’s activity. Users know exactly when their property is being viewed and how many people have looked at their home online. Reozom’s numbers are accurate and current by the second.

Reozom connects buyers & sellers directly.  

From scheduling showings to live online messaging, Reozom is the only real estate platform out there that allows the buyers and sellers to communicate directly and effortlessly.

Zillow depends on real estate agents in order to make money through advertising. Therefore, Zillow will never cut out the middleman to bring sellers and buyers together like Reozom does.

Reozom is ad-free. For us, it’s all about YOU and your listing’s success.

Overall, Reozom is a real estate marketing site, transaction tool and management platform all wrapped into one.

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Smarten Up Your Home to Attract Millennial Buyers

Millennials make up the largest group of buyers in the current real estate market.

This generation was raised on technology. These buyers not only like to use a real estate technology platform like Reozom to search for property listings, they also have their eyes peeled for the “tech-ed out” homes on the market.

Here are three smart home technologies that will impress any Millennial who’s shopping for their new home.

A Smart Thermostat

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Millennials are not only tech-savvy, they also love “going green.” Nest is a smart thermostat that can be controlled from a smartphone. It is programmed to learn a homeowner’s daily routine and adjusts the home’s temperature accordingly.

It has sensors that keep track of when a home is empty and will use less energy while no one is there. Plus, Nest can save a homeowner up to 20% in their heating and cooling bills.

Smart Lights

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A smart lighting system like the Philips Hue white and color ambiance starter kit not only allows you to turn lights on and off from your smartphone, but also saves on the electric bill.

Not to mention, it’s great for creating a relaxing ambience or setting a fun vibe while entertaining.

 Smart Locks

smarttech-04Millennials want as little as possible to keep track of, including keys. The Kevo Smart Lock is a keyless system that allows a user’s smartphone to unlock the door to your home. This product will also impress the 48% of homebuyers who are interested in smart technology that’s related to security and safety.

Smart locks make it easier for you to grant a buyer’s agent access to your home after they schedule a showing with you directly on Reozom.

Implementing one or all of these smart technologies in your home could help with getting the Millennials to line up for your listing.

Like these tips? Find more on Reozom’s Facebook, Twitter and Instagram!

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.

Follow us on FacebookTwitter and Instagram for more updates.

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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Share Your Listing on Facebook & Reach Buyers Instantly

share reozom real estate listing on facebook

Just as Reozom is the new way of real estate, Facebook is the new word of mouth.

As an online flat fee broker and a real estate transaction platform, Reozom leverages technology as much as possible, including social media.

Our Reozom team posts every single one of our listings on Facebook. This immediately gets our seller’s property in front of Reozom’s growing Facebook community, while also giving our sellers the opportunity to easily Share their listing onto their own page.

Why Share your listing on Facebook?

Sharing your listing on Facebook gets the word out fast that your home is up for sale. Your listing’s Facebook post is basically a modern day property sign.

The average American has 350 Facebook friends. Combined with Reozom’s following and your own friends, upon being shared, your listing instantly gets in front of an average of 1,000 people.

 Not to mention, Millennials (Gen Y) make up the largest share of home buyers at 32%. And 91% of Millennials use Facebook.

Facebook Share-02

 

Ask your family & friends to Share it, too!

Recently, a Reozom seller shared her listing’s Facebook post and five of her Facebook friends followed suit.

In just one day, her listing got 1,559 views. Even better, Reozom’s analytics showed that 40 people were actually viewing her property online at the same time!

If 3-5 of your family or friends shared your listing, it could potentially reach 3,500+ people in just one day. The more friends you ask to share your listing, the better!

To Share your listing’s Facebook post: 

Click the Share button within Reozom’s post of your listing
Press “Share Post Now”

And you’re DONE. The listing is now posted on your newsfeed.

If you want to write something specific about your listing:
Click the Share button on Reozom’s post
Select “Share…”
Write your description
Click the “Post” button

Reozom’s team cannot encourage our sellers enough to take action and share your listing on Facebook. It will be a few seconds very well spent!!!

Follow Reozom’s FacebookTwitter and Instagram.

 

Sources:

  • Infinite Dial 2014 report by Edison Research and Triton Digital
  • 2015 National Association of Realtors Home Buyer and Seller Generational Trends
  • By the Numbers: 200+ Amazing Facebook Statistics
    ExpandedRamblings.com, February 2016, Craig Smith

Easy, Fast, Affordable Real Estate

Daunting, drawn out and dense. If that’s your take on real estate, it’s time for you to meet Reozom.

Our online real estate tech platform streamlines the home buying and selling process, making real estate easy, fast and affordable. In 2015, we saved Michigan homeowners $3 million dollars in their real estate transactions. Simply put, Reozom is changing the way real estate works for good.

REOZOM IS EASY

Anyone who can fill out a Facebook profile can list a house through Reozom. All you have to do is gather the information about your house (like room dimensions), snap some property photos and register on Reozom. From there you will begin our quick listing process and complete all of the required legal disclosures while doing so.

Continue reading

How to Get Your House Ready to Show

More than 90% of buyers go online to look for their new home. As an online real estate platform, Reozom has Michigan’s sellers covered by getting their listings on all of the major sites like the MLS, ZillowTrulia and Realtor.com.

One of the biggest letdowns for a buyer is loving a house based on its property photos to then discover that the home looks completely different in person. Awesome property photos and a great showing experience are both necessary for a successful (and fast) sale.

Continue reading

How to Price Your House

With the information and technology that’s readily available, homeowners no longer need a Realtor to set the right asking price for their house. Reozom, an online real estate platform, empowers sellers to save thousands of dollars in their real estate transaction by eliminating costly agent commissions. Through Reozom’s tech capabilities, homeowners across the state of Michigan and Florida can list their home properly and quickly with minimal effort, without an agent.

Continue reading

2016: A New World for Real Estate

From new buyers to new technology, a lot of good change is underway for the world of real estate in 2016. Throughout this coming new year Reozom will be rolling out new technologies built to empower both buyers and sellers. We are currently initiating our own evolution in order to continue toward our main mission: make all aspects of real estate easier, faster and more affordable for the people. Continue reading

Do I lose my right to Sell by Owner if I list through a flat fee broker?

The short answer is absolutely not. Simply put, you’re paying that broker to gain access to your local  MLS as a means to get the same exact advertisement as if your property was listed with a full cost  traditional broker / realtor. The type of contract entered into with a flat fee broker is known as an  Exclusive Agency Contract, otherwise known as a Limited Service Listing Agreement. An exclusive agency  contract allows for the seller to sell their property on their own without having to pay the listing broker  a commission and can be cancelled at any time without any type of monetary consequence. Continue reading