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SELLING A HOME WITH U.S. REAL ESTATE
DEPOT
1) The
first and most important thing about selling a property is
you cannot be emotionally attached to it. You will not
make sound business decisions with regards to the offers.
Selling a home is a business transaction, not a marriage or
partnership between buyer and seller. The buyers and sellers
are not friends, buddies, or enemies. They are simply two sets of
people coming together to see if the buyer's offer will interest the
seller enough to become a willing seller. That's all. There is no
reason to become emotional about an offer. Everyone wants a deal,
even if it seems like a low ball offer it could still possibly lead
to a deal somewhere in the center. An agent that does not
counter an offer from a qualified buyer is doing their seller a
disservice and should not be working as an agent. If you let
egos or emotions get involved the transaction will have problems and
we want smoothest transactions possible. We firmly believe in
capitalism, the free market system and the fact that supply and
demand are the major factors in the market value of real estate.
Obviously, location is the next major factor.
2) We will
create a CMA (comparative market analysis) that we will review with
you so we can determine a reasonable starting point to list your
property.
3) Our flat fee
is $6000 regardless what the price the property sells for. This does
not include any commission offered to a cooperating broker who
will be representing the buyer.
4) If any broker
or agent tells you they can sell the property offering less than a
competitive buyer's agent's commission, the odds of that sale are in
the low single digits.
5) We place the
property in the most powerful marketing mechanism available, the
MLS. To do that we have to offer the buyer's agent between
2-3% as compensation if they represent the buyer. The
amount is determined by the median being offered in your area. We
want to be competitive. If you are being told that by an agent that
the MLS alone cannot sell the property for top dollar then you are
being handed a load of horse-waste to justify higher
commissions. If you are being told that a broker can sell your
property for a 3% full commission, 1.5% to each agent, once again we
believe the odds of that happening are in the single digits. That
may have worked in 2004-2005, but it is not happening now. If we are
wrong about this then why are all the properties still on the market
while the fancy marketing plans that agents explain in their
listing presentations are still being fully utilized? We utilize no
frills marketing that is proven to be the most powerful available
and as a result keep the excessive commission out of the
transaction. Thus, keeping the property from having to be priced
higher to compensate for the exorbitant commissions. Pricing a
property right is what sells them, not unnecessary marketing used to
justify a higher commission. There is no proven correlation between
this other marketing and how quickly or how high a price a property
will command. Be careful of the listing to selling price ratio that
some brokers are touting as their proof of the high price they are
getting for sellers. The truth is, it is not the original listing
price they use to figure the ratio. It is the current listing price.
So, they could have just lowered the price more toward market value
and then the property sells within 1/2% to 1% of the listing price
and the brokers will use these statistics to show you they have the
magic beans to get more than any other agent. It is not true. The
statistic is useless. It means nothing unless it is the original
listing price to selling price ratio.
6) We personally
take the maximum allowed number of digital pictures for the MLS and
our website.
7) We place an
estate quality sign will be on the property for buyer drive by
exposure.
8) Secured
electronic signatures are utilized online for almost instantaneous
document signing with only a web browser and email address, no
special software is necessary. This saves time and money and again
that is not put into an agent's pocket, but passed onto the
client.
9) There is no
$50 expense spent each time there is paperwork that can be sent by a
messenger. We scan documents and email them for free thus creating
more savings of our time and again it is passed on to our
clients.
10) Electronic
lockbox placed on property for easy agent and prospective buyer
access to preview property.
11) Professional
looking color property flyer emailed to you for printing to place
out for buyers that have toured the property for easy reference
later.
12) Neither
agents, appraisers, owners, or websites can determine the market
value of a property. It is worth what someone is willing and able to
pay. That is the true market value and it may or may not be
what the seller wants. The market doesn't care how much you like the
house, how much you owe, or what price you want to get. If these
criteria are part of your decision making then you might consider
changing the timing of your sale. Inasmuch as we believe in letting
the market determine the true value of a property we do not
therefore contractually force our clients to pay a commission based
on a full price offer. If there is a lot of action and interest in
the property then let's allow the market force to play out for all
it's worth. If there is very little interest or action on the
property then maybe we should examine the price.
13) We hope you
will give us a reasonable amount of time to sell your property, but
we do not hold you hostage with a specific length of term contract.
You can cancel at any time.
14) We provide a
monthly update via email of market activity in your area. The format
of this update varies depending on the MLS board that serves the
area.
15) We stay in
contact with the escrow company and make sure all parties are
staying on schedule providing their required reports and
disclosures. If necessary we help you with anything you may need
to acquire (i.e. homeowners insurance) for escrow or the lender
to move forward with the transaction.
16) We follow
through with repair recommendations, handle all the negotiations,
utilize online transaction management software to give you 24/7
access to the transaction, even stay in contact with you until you
have the proceeds from the sale in your account for a
complete secure transaction.
17) This is all
included for our exclusive ethical flat fee commission of $6000
whether the selling price of your property is $500,000 or
$1,000,000, or once again even $4,000,000.
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Estate Depot, Inc. is a licensed corporation by the California
Department Of Real Estate #01522735 COPYRIGHT ©
2005-2010 U.S. REAL ESTATE DEPOT, INC.
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