|
 PAYBACK REALTY SELLER SERVICE
Payback Realty only accepts listings from motivated sellers who want us to partner with them to reduce costs associated with the selling and purchasing of a home.
You enjoy lower selling costs through the unique Payback Realty discount listing system in which sellers get exposure and advertising of their property through the local REALTORS® Multiple Listing Service (MLS) and most, if not all, major real estate portals.
The Payback Realty exclusive agency listing allows you to sell your home yourself without any further payment to us or another broker. Sellers can conduct open houses, advertise, and do what it takes to find, negotiate, and conclude their real estate sales contract.
A simple fact of the real estate business here, however, is that outside of sales to and from related parties, divorces, forced sales, and foreclosures, REALTORS® participate in an overwhelming percentage of sales. An exclusive agency listing allows Payback Realty as well as other real estate brokers and agents to find clients for your home also. Payback Realty acts as a funnel for the other brokers. And if we, or one of those other brokers do bring to you a qualified buyer who meets your purchase price, we, or they are entitled to a real estate commission which we agree upon at the signing of our listing agreement. So under the exclusive agency listing agreement you only pay an agent for actually bringing you a qualified client who follows through and closes a transaction to purchase your home. During our agreement if you sell the property yourself, that is, completely without the aid of a real estate broker or agent who represents a home buyer, you do not owe a real estate commission. An exclusive agency listing differs from the typical Exclusive Listing offered by traditional brokers in that regard.
Outside of the minimum listing fee you can save from 2.5% to 3.5% of the sales price over the typical transaction conducted by licensed real estate agents and brokers who labor under Exclusive Listing agreements.
The Payback Realty minimum listing fee is a one time payment of $495.00 paid at the signing of the listing agreement. At the time of the signing of the exclusive agency listing contract we also pre-set the level of compensation to REALTORS®. Normally, if we or any other real estate broker brings a willing and capable buyer to your attention us during the term of the listing agreement, you agree to pay and we agree to accept three percent (3%) of the gross sales price as a real estate commission. Payback Realty, however, will rebate one third of its earned real estate commission to the Buyer at the time of closing of the real estate transaction. Other brokers more than likely will not pay back any portion of their commission to a buyer.
While the studies consistently show that most residential real estate transacts with professional real estate brokers and agents who represent buyers, sellers or both that may not be true, however, with your property. Payback Realty intends to provide you, the home seller, with a basic listing so you can attempt to do some of the work yourself in order to get your property exposed to the maximum amount of home buyers who do not work with real estate agents, yet still allow agents to bring their customers and clients to your home. Meanwhile, the exclusive agency listing encourages you to work to sell your home so that you can save yourself a substantial sum of money by you yourself doing many of the activities that REALTORS® do for sellers.
Gathering information and facts about the house is an important first step. In order for us to insert the listing information MLS and all the other online real estate portals, we need the basics from you: name, address, room sizes, amenities, etc. You also must provide at least one digital picture in an appropriate size for electronic transmission, which normally is 320 x 160 pixels. You also need to fill out and sign a property disclosure form which is required by state law, and a property input sheet which contains information that Payback Realty and REALTORS® can give to their clients.
We stand ready and capable to consult with you, provide you advice, or directly help you do what is necessary to sell your home at the highest price and in the shortest amount of time.
Payback Realty will provide to you fee based services if you yourself can not or will not do on your own. We will refer you to a full service real estate brokerage, or a brokerage that represents Sellers exclusively if you feel that is necessary to market your home. We mentioned we are not a full service real estate brokerage and we prefer to deal only with Buyers. But we do provide a the discount exclusive agency listing for customers who truly want to partner with an experienced and capable real estate firm that is motivated to saving both buyers and sellers a
considerable sum of money.
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.
What's the catch?
|
|
