For Sale by Owner/MLS Listings

Homeowners are beginning to take the sale of their home into their own hands and save a substantial amount of money in the process. For Sale By Owner (FSBO) signs are popping up everywhere because it can save a seller thousands of dollars and some bouts of anxiety too. The truth is that selling your home is not as difficult as it once was a decade ago before homebuyers discovered the Internet and shopped online. Reozom.com reports that in 2016, 44 percent of homeowners shopped online first when buying a home. That is good news for home sellers who want to save money. 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

MLS Listings in Florida

Introduction

There are a number of real estate properties for sale in Florida at any given time. For those who are looking to sell a home, they will need to let the public know that their property is available. For those who are looking to buy a property, they will need to find a good place to find all available properties. In order for both parties to achieve their respective objective, they will benefit by using the multiple listing service. This is a directory of all homes that are currently being sold on the market. The best person to help you navigate your options with the multiple listing service is a real estate agent or broker. In the state of Florida, there are a number of quality properties on the multiple listing service. For those looking to sell a property, they will benefit by using companies such as Reozom.com. This company will provide sellers with market analysis, assistance with scheduling showings and also with a general listing of the property to sell. 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

Zillow Alternatives – Reozom and Other MLS Providers

If you’re thinking about selling your home, there are a variety of things to consider. For example, is for sale by owner a viable option, or should you enlist the services of a professional realtor. That said, if your goal is to save on realtor fees, listing and selling your home on your own might be a more attractive proposition. But what does this process entail, exactly? This is a common question that many homeowners have, and in this article, we will explore the tenets of selling your home without the aid of a professional realtor.

It should be noted that selling your home on your own does not absolve you from the task of listing and showing your home to prospective buyers; this is still a necessary, and critical, step for selling a home. However, if you have never sold a home, this process may seem daunting. Fortunately, there is a myriad of online services that can help streamline this process for you, Zillow being one most recognizable. 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

 

 

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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