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
Selling a Home on your Own through Flat Fee MLS/FSBO Listings
I. Why sellers choose flat fee MLS/FSBO listings:
- The seller wants more control of the sales process
- The seller does not want pressure from a real estate agent demanding that they sell to anyone for any price.
- The seller prefers to save money on real estate fees.
II. How to sell your home on your own
- Cut out the middleman
- Get your property listed on an MLS
- Market your Listing
III. Why the popularity of MLS/For sale by owner has grown over the years
- According to MLS data, flat fee MLS listings sell faster than full commission listings sold by traditional realtors.
- 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
- Flat Fee MLS listings allow homeowners who want to list by owner to save thousands of dollars in real estate commissions
- 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
- 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
- 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
- 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.
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!
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:
- 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.
- 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.
- 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
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
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.
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.
Millennials 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.
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.
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.
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.
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.)
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, Zillow, Trulia 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:
From your “Manage Listing” page you’ll find a few new additions.
- Real Time Visitors: You can see the number of people that are looking at your listing at this moment.
- Overall Visitors: You can view the overall number of visits your listing has gotten since it went live.
- 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.
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.
Upon clicking the Offers notification, you’ll go to a page that lists all of the offers that have been made on your property.
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.
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.
Buyers and Sellers are able to connect and communicate unlike they ever have been able to before.
Please look forward to more tutorials and helpful posts about our new platform.
“But… if I don’t have a real estate agent, who’s going to do all of the paperwork?”
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.
Thousands of dollars will be saved… along with a lot trees, too.
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.
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
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!!!
- 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
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.
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, Zillow, Trulia 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.
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.
The Reozom team is starting the year off right! We are proud to announce that we have been selected to be a part of the well-respected Startup Next Detroit program, which is a part of Techstars. Out of 139 applicants, Reozom was one of the eight businesses chosen to join the program.
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
There are undoubtedly many choices available to a person when they are selecting a Flat-Fee broker. Flat-Fee brokers are those brokers that offer a For Sale by Owner service, known as FSBO through a flat fee MLS service. In this article, we will discuss a handful of factors that we think are of the utmost importance when choosing who to list your home with.
Reozom will be one of the startups selected to participate at Techweek Detroit. We’ll be showing our current features as well as what we are working on next to make selling and buying of your next home easier and more affordable to manage. Reozom will most likely be the only residential real estate tech company to present at Techweek Detroit.
Real estate agents / brokers / realtors use the same internet / technology available to all of us except they charge 3 – 6% commission for it.
Lets discuss some things that one should think about when deciding whether to use a realtor; what can a Realtor do that I can’t do myself? Continue reading
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
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
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.