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

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

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.

Continue reading

“Disruptive” Companies You Can’t Live Without

otherdisruptors

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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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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