All about SWMRIC

The world of real estate is an exciting one that presents many opportunities to you. Searching for a house is a process that can invite you to explore manifold possibilities and to move into the home of your dreams. However, at the start in particular, you can feel overwhelmed by all of the options. Using resources provided by the Southwestern Michigan Regional Information Center can assist you in your search.

Understanding SWMRIC

Before you access the Southwestern Michigan Regional Information Center, take the time to learn a little bit about the service. When you go to the website, you will see that you have four options. For example, you could find a property or check out open houses. Another option is to get connected with a real estate agent. Finally, you could choose to develop your own website. Now that you know what services are available, learning more about each of them and how they could assist you can encourage you to check out and try out the Southwestern Michigan Regional Information Center for yourself. Continue reading

FSBO Listings in Florida

INTRODUCTION

Selling real estate is often a significant activity for homeowners. They will often need to sell their property within a certain timeframe. In most cases, they will often hire a real estate agent or broker to sell their home. While this is a very beneficial option, there are some homeowners who prefer to sell their homes themselves. Whenever a person sells a house themselves, it is known as a For Sale by Owner listing. There are many for sale by owner listings in Florida. In order to make selling a home easier, using the services of a company such as Reozom.com will be very helpful during the process. Working with a company such as Reozom will enable homeowners to save money, show their homes at a time that is most convenient for them and also to get market analytics of their property and comparable ones in the area. Continue reading

FSBO/For Sale By Owner FAQ

What are For Sale by Owner homes?

A For Sale By Owner or FSBO is a home that is listed for sale without a real estate agent. Most homeowners who choose to do a FSBO do so to save money because there is no real estate agent commission. While commissions can vary, they usually account for 6% of the home’s sales price. This fee is split between the listing agent and buyer’s agent.

Can For Sale by Owner list on MLS?

The MLS or multiple listing service is the foundation of the real estate market. It’s a massive database of home listings with about 700 regional databases. Every regional MLS has its own listings and real estate agents pay dues to access the MLS and post homes. Many websites you will see that list homes for sale actually aggregate home listings through condensed versions of MLS listings. Continue reading

For Sale By Owner Listings in Michigan

Many people who are looking to sell a home will often enlist the services of a real estate agent or broker to complete this task for them. In most cases, realtors make the process easier as they will devote their efforts towards selling the home. While a realtor is very beneficial for many sellers, there are some people who prefer to sell a home by themselves. Whenever a person sells a home independently, they will list their property as a for sale by owner. This has been one of the emerging trends in recent years. Many people in the state of Michigan have looked to sell their homes without the assistance provided by a realtor. When looking to list a home as a for sale by owner, it will be important to consider a number of things. These include the types of homes sold, the price, size, condition and also on how to market the property. By focusing on these things, sellers will be in better position to sell their home in a timely manner as well as educating buyers about the property. Sellers who offer FSBO listings will benefit by using companies such as Reozom.com to help them with the process. Continue reading

Trulia Alternatives – Reozom and Other FSBO Listings

Trulia is an online platform that deals with the residential real estate for renters, home buyers, home sellers as well as the United States real estate professionals. Trulia forms one of the best sites in the online real estate business with some more new features hence, making it outstanding. The Trulia platform offers similar services like those of Zillow. Zillow used 43.5 billion to acquire Trulia in 2014. The company arranges properties for rent and sale including data and tools required in the process of home search. Trulia site will help locate your next home. The website presents a new resident info map that is not available anywhere else. The platform serves millions of users across the world who wants to sell or buy their homes within the United States. In addition to this, the company provides new updates on new rentals and houses that are fresh in the market, the price history of the homes as well as information on their affordability. Trulia platform not only serves the real estate sector but also offers the best instrument that conveys all the central statistics about properties. The main features of the platform include: Continue reading

For Sale By Owner Infographic – Selling your Own Home

FSBO & MLS Listing - Sell your Home - No Realtor

Selling a Home on your Own through Flat Fee MLS/FSBO Listings

I. Why sellers choose flat fee MLS/FSBO listings:

  1. The seller wants more control of the sales process
  2. The seller does not want pressure from a real estate agent demanding that they sell to anyone for any price.
  3. The seller prefers to save money on real estate fees.

II. How to sell your home on your own

  1. Cut out the middleman
  2. Get your property listed on an MLS
  3. Market your Listing

III. Why the popularity of MLS/For sale by owner has grown over the years

  1. According to MLS data, flat fee MLS listings sell faster than full commission listings sold by traditional realtors.
  2. For Sale by Owner (FSBO) users who list on MLS’ using an entry-only MLS listing end up selling their home on average for a higher price per square foot than homes sold by traditional full commission agents
  3. Flat Fee MLS listings allow homeowners who want to list by owner to save thousands of dollars in real estate commissions
  4. 2014 data available for a Massachusetts MLS system showed that 198 single family homes sold in 2014 across Massachusetts that have leveraged the entry only through MLS process (seller lists on the MLS for sale by owner without a realtor) carry an average days on market (DOM) of 89 and the average sales price per square was $213
  5. In contrast, 11,623 single family homes that were sold by traditional real estate agents charging a full commission where the average days on the market was 109, the average sales price per square foot was $205
  6. In 2014, on average, FSBO’s who listed their homes in MLS with an entry-only MLS listing have saved $10,790 in real estate agent commission
  7. In 1981, 22% of home buyers read newspaper ads to find a home and 8% used friends as information source. In 2016, 44% looked for properties online first. In today’s digital age, search for homes is done through apps and online listings to maximize the ability to compare homes on the market according to selected features.

Sources

https://en.wikipedia.org/wiki/Flat-fee_

13 tips on how to sell your home without a real estate agent


https://entryonlynewengland.com/2014-mls-statistics-show-entry-mls-benefits-fsbos/
https://www.nar.realtor/sites/default/files/reports/2017/2017-real-estate-in-a-digital-age-03-10-2017.pdf

 

 

Trulia FAQ – Real Estate Listings for Home Buyers and Sellers

Buying a new home is always a very big decision. When you’re looking to purchase a new property, using all of the tools at your disposal is very important. One great online tool that can provide you with amazing information and services is Trulia. below are some very common frequently asked questions about Trulia.

Are Trulia and Zillow the Same Company?

Trulia and Zillow are affiliated organizations. Trulia was founded as an independent private organization in 2004. Due to its continued growth and great service that it provides, Trulia was acquired by Zillow in 2014. Today, it is considered an affiliate of the parent company, the Zillow Group.

Are Tulia Estimates Accurate?

Yes, a Trulia Estimate is considered to be very accurate as it is based on a variety of information that is used to determine the value of a property. A wide variety of information is used to come up with a Trulia Estimate for a home including the property’s physical characteristics, property tax information on the home, and nearby sales comps and competing listings. The estimate, however, is limited based on the accuracy of the information provided. If a homeowner does not provide accurate info, it will impact the value estimate.

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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).

Continue reading

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.

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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

smarttech-05

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

smarttech-03

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!

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

Save Money when Selling Your Home

At some point during your life you want to sell your house and move into a new place. This type of changes can appear suddenly in your life, so you must make sure that you have the proper way of dealing with them. However, selling your house is not that easy if you want to do it on your own, and if you hire a real estate agent he will usually charge you around 3% of the whole house value, which literally means thousands.

What a real estate agent does is that he lists the house on an MLS and that’s it, without actually doing anything else and leaving those channels to promote the house for him.

If you do want to sell your house faster and literally save thousands of dollars, then you need to use the Flat-fee MLS website http://www.reozom.com/. Reozom has been specifically created to help people sell their house much easier, but instead of asking for the 3% of the house sales, you will just have to pay a small, flat rate of $395 for exactly the same service.

Reozom basically replaces the real estate service as it lists your house in multiple locations so buyers will immediately come and ask for your home. The best part is that you have to take a few minutes to become a member at Reozom, upload some images and fill out a few forms on Reozom.com, then the team will take care of the rest for you. When interested people contact you about your house, you will have the opportunity to deal with them directly and negotiate what’s best for both parties. Continue reading