How Reozom is Revolutionizing the Real Estate Industry in Florida

Real estate agent - Realtor

Buying a property is a skill that many people have not mastered. Reliance on real estate agents to guide one has been the prevailing norm among people. Unfortunately, the agents are generally busy trying to get the highest bidder for their properties. This lack of time makes it hard for the interests of a property buyer to be put into consideration. Buying or selling a property in the right manner not only ensures profitability but also great returns on investment. With advances in technology, it is good to embrace the new ideas that are brought into the sector to help people get the most out of their sales and buys.

In Florida, one company that has come to the rescue of people is Reozom. Reozom is an online flat fee broker who provides a platform for buyers and sellers to list and buy properties. The company is dedicated to making the buying and marketing of properties fast and more comfortable for everyone. They use multiple listing services that automate the listing process, making the offers for sale available by owner listing. With hundreds of properties listed on the platform, a buyer can always come to check for new listings and alternative options until one settles for the desired property. Continue reading

Real Estate FAQ – Facts and More

Real estate agent - Realtor

Please note: This article is provided for helpful purposes but should not be considered legal advice.

Introduction

With the exception of a few times in our history, real estate has always been one of the best investments out there. Whether it is a single-family home or a complex, you can’t go wrong with investing in real estate. So, to get involved in this extraordinary market, there are different questions that people who are interested in this market have. And thus, the following includes real estate FAQs and their answers:

Are real estate agents self-employed

Most real estate agents are self-employed. They can set their own schedules even though the hours are often irregular. Other than that, other real estate agents work for companies. When they work for a real estate company, they pretty much have a certain level of freedom in handling their jobs, but they still must abide by the company’s constraints.

Are real estate deposits refundable

It depends. First, it’s vital to read the contract to see the bottom line concerning the refund of the deposit because you may or may not be able to get a refund. Even if the buyer is displeased with the home inspection, he/she can’t get the deposit unless the seller agrees to the deposit refund. The seller can deny the deposit release if he/she feels the buyer didn’t act in good faith in attempting to satisfy the condition whether it is a condo status certificate, financing, or a home inspection.
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Realtor FAQ – All About Realtors

Real estate agent - Realtor

Please note: This article is provided for helpful purposes but should not be considered legal advice.

One of the most important decisions you have to make after deciding to buy or sell a home is hiring a realtor to help you through that process, which includes listing the property, advertising it, arranging for open houses, showings, inspections and closing the sale.

Below are some common questions when considering employing an agent:

Are realtors self-employed?

Licensed real estate agents are considered statutory non-employees by the Internal Revenue Service are treated as self-employed when it comes to federal tax purposes as long payments for their services are substantially related to sales or other output versus the number of hours they actually work.

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Above and Beyond Real Estate Technology

Reozom Team-03

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!

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
VT

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
droneicon
 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!

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

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.

Like this post? Follow Reozom on FacebookInstagram and Twitter for more updates and tips!

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.

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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.

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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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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.

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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

Realtor Myths and Misconceptions

A Realtor is the reason between selling and not selling your house? FALSE. A Realtor doesn’t sell your house, your property sells itself. When is the last time someone said to themselves; I’m going to purchase a property because so and so has it listed? If that were the case buyers would be searching by listing agent instead of the property’s features, location and pricing.

Have you ever seen anybody try to market a property for the mere fact it’s listed with a Realtor? No of course not, because the fact that it’s listed with a Realtor brings no added value to the property, as is the case with high quality windows or a reputable builder having built the house. Completely the opposite; having a Realtor involved in the transaction does nothing more than artificially inflate the sales price, but contributes nothing of lasting value.

Realtors do most of the work, that’s why they get paid the most. FALSE. Realtors do the least amount of work, but stand to make the most. This statement is especially true for listing agents. Out of all the people involved in the transaction (seller, buyer, inspector, mortgage broker, title insurance provider, appraiser, attorney and agents) the listing agent does the least amount of work, yet receives the greatest piece of the pie. This statement might not have been true 10 or 15 years ago, but the Internet has made life much easier for the average agent. The Internet might also be their demise as well.

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