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 What’s the catch?
How can Payback Realty
sell my home for $495.00?
What am I getting for $495.00?
Staff, management and agents of Payback Realty are members of the National Association of REALTORS® (NAR). All REALTORS® profess that the best way to buy and sell real estate is by an exclusive listing through one of its members. REALTORS® and licensed real estate agents and brokers do participate in the majority of residential real estate sales where the parties to the transaction are equally knowledgeable, willing, motivated and capable of performing.
Tough economic times, fierce independence, desire to materially participate, frustration with previous agents, etc., however, lead many home sellers to attempt to sell homes by themselves. That is a natural phenomenon. And it is not a new concept by any means. Many people have bought and sold homes several times in their lives. Thus, many sellers know as much about selling real estate as some inexperienced agents. Despite this REALTORS® still participate in most home sales. And the typical real estate fee earned by a real estate broker ranges from five to seven percent (5%-7%) of the sales price.
If a seller looks carefully he/she/they will find many different, and successful real estate brokerage business models implemented over the last several years. Nevertheless many traditional full service brokers exist ranging from the large national companies, to regional and independent local brokers who are large stakeholders in the community.
The speed and lowered cost of selling real estate and closing a transaction, however, due to information age appliances, increased level of specialized training, use of innovative management techniques, and old fashioned competition, enables companies like Payback Realty to keep transaction costs down. Payback Realty gives both buyers and sellers even earn further discounts, however, mainly by partnering with clients and customers. Agents at Payback Realty essentially will show you what REALTORS® do to sell houses. Payback Realty agents will assist you in your endeavor to preserve equity and save on the purchase or selling of your home.
If a friend, neighbor, relative, etc. buys your home through your efforts you save. If you hold an open house, and a buyer who you show the house to buys your home you save. If potential customers who see your yard sign call you, and one of them buys your house, you save. The owners, broker and agents of Payback Realty sincerely want you to save money. Agents will work with you to present your home in a manner most favorable to buyers. And during the selling process you will feel like a member of the Payback Realty family. It’s that simple!
Above the cost of a fixed $495.00 fee we ask for a real estate commission of three percent (3%) of the accepted sales price if we or another real estate broker brings you, the seller, and an acceptable offer to purchase your home. Payback Realty will pay back one percent (1%) to any buyer we find for your property. Most other real estate brokers will not. Nevertheless, if you should find a buyer for your property by your own efforts, you do not owe a real estate commission to Payback Realty or any other real estate broker.
We suggest an initial exclusive agency listing of six months. Should you desire a shorter or longer term a Payback Realty agent will accommodate you. You also may extend the listing for as many periods as you desire at no additional cost. You may change financial incentives or asking price during the listing period. If anytime during the listing term you want to shift to a full service real estate broker, we will agree to terminate our listing agreement.
Once you list your home under the exclusive agency listing, Payback Realty will enter the details into the REALTORS® Multiple Listing Service (MLS) and other electronic home selling sources. Your home will be added all printed advertising that we purchase. We will prepare on on-line flyer for customers and clients to download. Should you desire, we will install a standard “For Sale” sign in your yard.
Payback Realty, however, will not send out mailers, friend to friend cards or any individual notices about your home. No individual web site will be purchased for you. Agents will not hold open houses.
We feel certain you can successfully market and sell your home, nevertheless we, or our professional partners, can do all or part of the activities necessary to assist you:
1. Collect basic house information and property descriptions, such as lot, house and room sizes, items of personal property that are included in the sale, amenities, public and private utilities serving the property such as well and septic tank along with service providers, mortgage balance(s), and tax, legal and other facts on other liens, encumbrances or easements on the property, zoning or building status and, or other facts affecting the property such as flood plain, environmental hazards, etc. Collect and analyze data on community facilities such as schools, demographic, governmental, and economic information including the recent sale prices of comparable property to set a realistic asking price.
2. Create a marketing plan and marketing materials such as sign, print ads, brochures, flyers, and internet insertions.
3. Schedule and hold open houses, answer phone inquiries and establish potential buyers financial qualifications, show house, follow up with interested parties, and follow up with agents of Payback Realty and other REALTORS® who have shown the house.
4. Negotiate the sale of your property, fill out a purchase contract, and if necessary, fill out addenda and counter-offers.
5. Manage the closing of the real estate transaction including attending to home inspectors and appraisers, ordering, preparing and examining deed and title.
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