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Frequently Asked Questions
Q. How does Selling Directly stay
in business with such low fees?
Q. What is the difference between Selling Directly
and other, more "traditional" real estate companies?
Q. How does Selling Directly differ from "discount"
brokers?
Q. Do you work with Buyers too?
Buyer FAQ
Q. What should we do before we start looking for
a home?
Q. Can you recommend a lender?
Q. How will Selling Directly find the home that's
right for me?
Q. What happens when we find a home we like?
Q. What is an earnest money deposit?
Q. What should we do to make sure the house we are
buying is in good condition?
Q. Why should I sign an agreement with a buyer's
agent?
Seller FAQ
Q. What is the difference between the marketing packages?
Q. Why would I want to I opt for full-service?
Q. Why is the MLS so important?
Q. Why do I need to cooperate with Buyer’s Agents?
Q. Should I have my home inspected before I list?
Q. Should I provide a Home Warranty?
Q. What about having an Open House or advertising
in the newspaper?
Q. Can I really handle all the paperwork involved
in selling my home?
Q. How soon and for how long can my home be listed?
Q. I think I'm ready to list with Selling Directly.
What now?
FSBO (with Selling Directly) FAQ
Q. What do I need to do before an offer is made?
Q. What are contingencies?
Q. What happens after an offer is accepted?
Q. How does Selling Directly
stay in business with such low fees?
A. Simply: low overhead, increased volume,
and straightforward service. Technology today makes real estate
easier than it was a decade ago and traditional companies choose
not to pass this savings on to their clients. We have streamlined
our listing process and eliminated ineffective marketing so that
we can help more clients sell their home. To make an analogy,
shopping at an expensive department store makes some people feel
like their getting more; however, many find more satisfaction
with the great deals they find at a warehouse chain.
Q. What is the difference between Selling Directly
and other, more "traditional" real estate companies?
A. There are two major differences.
First, we believe quality real estate services should be available
to everyone at the same rate. It's not right that traditional
companies will charge someone with a more expensive home significantly
more to list, especially when the agent's job is the same for
listing a cheaper home. We also believe that people should be
able to choose the real estate services they need. Therefore,
we offer both full-service representation and for-sale-by-owner
Packages at flat fees.
Q. How does Selling Directly differ from "discount"
brokers?
A. Again, improved technology has
made real estate more accessible and led to an increase in competition
- a definite plus for consumers. Unfortunately, many national
chains advertise a great deal but are evasive about what you get
for the money. The fee may only cover being listed in their own
publication, but additional charges apply for an MLS listing or
sign and lockbox. Additionally, for full-service
representation, these chains will revert back to traditional
idealogy by charging a discounted percentage commission. Please
visit one of their websites and you'll see how hard it is to even
find how much they are asking for their services. Selling Directly,
on the other hand, is honest and direct from the beginning.
Q. Do you work with Buyers too?
A. Absolutely! Our agents have helped
hundreds of buyers find a place to call home. We strive to help
you feel comfortable and informed while working with you to get
the best price and terms for your perfect home. Learn more about
how we assist Buyers.
Buyer FAQ
Q. What should we do before we start looking for a
home?
A. Prior to looking for a home, you
should seek pre-approval by a bank or mortgage broker. While this
will help you determine what you can afford to purchase, a seller
will also look more highly on an offer that comes with pre-approval.
Q. Can you recommend a lender?
A. Selling Directly gives you the
freedom to choose your own mortgage lender. However, we do have
a select list of highly qualified mortgage lenders that we are
confident will provide great service and a wide range of financial
programs for every kind of buyer.
Q. How will Selling Directly find the home that's right
for me?
A. A Selling Directly Realtor®/Broker
understands that your home is likely the largest investment you
will make. He/she will listen carefully to your needs and work
diligently to find your ideal home. Your agent will help you understand
every aspect of the home-buying process and continue to serve
your best interests until you have the keys to your new home.
Read more about how a Selling Directly REALTOR®/Broker can
help you find your ideal home.
If you aren't ready to have one of our agents represent you,
you may opt to sign up for our FREE automated
home search. Our computers will check the MLS daily
to find homes that match your criteria and send you an automated
email to keep you ahead of the game with the latest listings.
Q. What happens when we find a home we like?
A. Your Selling Directly REALTOR®/Broker
will research pertinent information about the property and guide
you through the negotiation process. He/she will represent your
interests all the way through closing. For more information of
the offer and closing steps, visit our buyer
services page.
Q. What is an earnest money deposit?
A. An "earnest" money deposit
can be submitted with an offer to show the seller that you are
serious about your offer and have the means to buy the property.
While it is not required, an earnest money deposit can sometimes
be the deciding factor for which offer a seller chooses to accept.
Once your offer is accepted, the money will be deposited into
a trust account and credited to you at closing.
Q. What should we do to make sure the house we are
buying is in good condition?
A. We always recommend that a home
be inspected prior to purchase. For around $350, a state-licensed
inspector will examine the house for defects and advise if a specialist
should be consulted for additional evaluation. The inspector
will explain many of the homes features and provide a detailed
report that can be used to negotiate repairs with the seller.
It is also recommended, and sometimes required by a lender, that
a buyer have additional inspections for wood-destroying insects,
radon gas, or well water and septic system. As part of the offer,
Selling Directly also recommends asking that the seller provide
a one-year mechanical home warranty.
Q. Why should I sign an agreement with a buyer's agent?
A. Choosing a Selling Directly REALTOR®/Broker
to be your exclusive representative will allow them to commit
100% of their efforts to you. A buyer's agent invests many hours
into searching and viewing properties and deserves to understand
a prospective buyer's intentions. While you are always free to
withdraw this agreement, we are confident you will be happy with
your agent's services. We have helped hundreds of clients find
their ideal home; in fact, much of our business comes from direct
referrals by happy clients. Feel free to read our buyer testimonials.
Seller FAQ
Q. What is the difference between the marketing packages?
A. To maximize your home's exposure
and draw in as many buyers as possible, the Premium
Marketing Plan offers 12 photos on the
MLS and Realtor.com, which are extremely important to online
buyers. You will also receive a professional yard sign, as well as unlimited custom
flyers in a flyer box for drive-by prospects. We will provide
a comparative market analysis to help you price your home competitively
for your neighborhood, and can pre-qualify potential buyers who
come to you without an agent. The Basic
Marketing Plan is really designed for condominiums
and townhouses where multiple photos are not beneficial and yard
signs may be prohibited.
Q. Why would I want to I opt for full-service?
A.
More people are opting for full-service representation because they either don’
t have the time or experience to handle negotiations.
A lot of laws and rules have changed and it is nice to know your agent
will be by your side from start to finish.
We can offer advice and help at every step, from negotiations, to
repairs, and closing. Full-service
representation also comes with additional marketing of a posting of your
property on Craigslist,
Backpage,
ByOwnerMLS, DotHomes, Google Base, HotPads, Locals.com, Lycos, Oodle, Properazzi,
Trulia, Vast, and Zillow for 60 days.
Q. Why is the MLS so important?
A. A recent National Association of
Realtors survey showed that 77 percent of home buyers use the
internet to look for a home. By listing your home on the Mulitple
Listing Service, it will be available on Realtor.com and hundreds
of other real estate websites. The MLS is the key to maximizing
your home's exposure. Only licensed real estate agents are authorized
to list your home on the MLS, and most will charge you 6% of your
home's price to do so.
Q. Why do I need to cooperate with Buyer’s Agents?
A. A majority of buyers will be working
with real estate agents who need to be compensated for bringing
a qualified buyer to your home. The typical payout for agents
in the area is between 2.4% and 3% of the final sales price. Although
commissions are not fixed by law, these are typical for the industry
to attract agents to your home. Any commissions would be paid
at closing or settlement of the sale.
Keep in mind that if you accept an offer from a buyer without
an agent no commissions are paid at all! However, it
is important to encourage agents to view your home since an overwhelming
majority of all resale homes are found through buyer’s agents.
Q. Should I have my home inspected before I list?
A. The primary reason transactions fall
through is because a home inspection is not performed until after
the home is under contract. This leads to unforeseen repairs that
must be renegotiated, often scaring a buyer away or financial
loss for the seller. Selling Directly can recommend a state-licensed
home inspector to preinspect your home prior to offering it for
sale. Repairs can be addressed ahead of time or disclosed to buyers
with price adjustments made accordingly. This will lead to a much
smoother selling process.
Q. Should I provide a Home Warranty?
A. Many sellers today offer to purchase
a home warranty to ease the mind of prospective buyers. Ranging
from $350 to $450, a home protection plan will provide coverage
on the main mechanical components of a home (i.e. hvac, plumbing,
built-in appliances, roof) for one year.
Q. What about having an Open House or advertising in
the newspaper?
A. While you are more than welcome to participate
in additional marketing, there is little research to support that
newspaper advertising or open houses are effective marketing tools.
While some traditional companies sell themselves on "premiere
marketing," these strategies are actually used for agents
to prospect and find buyers ($$) rather than sell your home.
Q. Can I really handle all the paperwork involved in
selling my home?
A. While many people find selling
by owner an overwhelming and even frustrating experience, if you
have the time and energy to learn about the process and negotiate
offers, selling your home by owner can be rewarding. Our FSBO
FAQs will help you understand some of the steps involved
in the transaction. We also provide a checklist with both of our
marketing packages to help you through. However, we would also
be happy to represent your interests completely as a full-service
REALTOR®/Broker, still at a low flat fee.
Q. How soon and for how long can my home be listed?
A. We will list your home until it
sells. Once we coordinate a time to meet,
your home will be listed within 48 hours. Our agent can email
the listing agreement and property information sheet in advance
so you can go review it on your own time and think of any further
questions you may have.
Q. I think I'm ready to list with Selling Directly.
What now?
A. Fill out the Order
Now page and a REALTOR®/Broker with experience
in your area will contact you soon.
FSBO(with Selling Directly) FAQ
Q. What
do I need to do before an offer is made?
A. Complete the NC Property Disclosure
Statement (two pages) and provide it to serious buyers; this can
be left in the home if you are away. Prepare your property for showings
by reviewing our "Dress Your House
for Success" checklist and take advantage of the Centralized
Showing Serivce (CSS).
The Offer to Purchase form and any addendums are completed by the
buyer or buyer’s agent and submitted to you for your review.
Q. What happens when an offer is submitted?
A. Review the price and terms of the
offer. If it's acceptable, sign it and return to the buyer or
buyer’s agent. If you feel the offer is not satisfactory
you may reject the offer and counteroffer: cross out what you
would like to change, initial and date next to it, and return
it to the buyer or buyer’s agent (this constitutes a "new"
offer). If the buyer agrees to the new terms, they will sign it
and give you a copy of the final contract; a buyer's agent may
rewrite the contract to reflect all changes. Keep in mind that
your counteroffer voids the original offer; therefore, if a buyer
rejects your counteroffer, there is nothing left on the table.
Q. What are contingencies?
A. Every offer contains items which
must be resolved before closing in order for the sale to be completed.
For example, the home may need to pass inspections like termites,
home inspection, or radon gas. Other contingencies may include
loan approval for the buyer, the house appraising for the contract
price, or the buyers current home selling first. The buyer has
the option of walking away (with earnest money deposit returned)
if these contingencies of the contract are not met.
Q. What happens after an offer is accepted?
A. Cooperate with the buyer or buyer’s
agent as they schedule and pay for home or other inspections.
While most buyers are already pre-qualified prior to seeing your
home, the contract may be contingent on loan approval. The closing/settlement
at an attorney’s office is also scheduled and paid for by
the buyer or buyer’s agent.
You will be amazed at how much money you can save by completing
the transaction on your own. However, if you do not feel like
dealing with the responsibility of negotiating, scheduling inspections,
or handling the paperwork until closing, we will be happy to handle
everything for you for an additional flat fee to be paid only
when your home sells. You will still be saving a significant amount
of money, depending on the value of your home, compared to traditional
commission-based companies. Read more about our
full-service option.
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