Diary management

Diary management2020-09-01T13:02:04+00:00

Put more time into what you do best.

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How will you help me determine the value of my home?2021-01-11T18:26:00+00:00

In order to engage with us, we ask that you request a home valuation and schedule an initial phone consultation.  In that initial phone consultation, we will present a CMA (Comparative Market Analysis) report that will show comparable home sales.  Priority is giving to recent home sales in close proximity to your home with similar sizes.  From that, we can derive a low, mid, and high price range for your home.  Considering upgrades, renovations, or any other pertinent items, you can determine the appropriate list price for your home.

Do I have to pay the 1% listing fee upfront?2021-01-11T18:17:41+00:00

No, not at all.  There are no upfront fees at Value Home Sales.  When you close your transaction, the listing fee is paid out by the closing attorney.

Are there any traditional service that you don’t provide?2021-01-11T18:15:33+00:00

We provide all the services you need in today’s modern environment that traditional brokerages provide.  We offer market pricing guidance, professional photography with 360° virtual tours, contract support, negotiation support, and coordination with lenders, home inspectors, and closing attorneys.  However, some items are antiquated in modern times that we don’t provide.  For example, we don’t offer open houses because most buyers will find your home online.  We also don’t run newspaper ads or print flyers.  Our model is centered around providing what makes an impact, not offering what makes little impact, and enhancing what makes a big impact.

Do I have to leave my home for showings?2021-01-11T18:01:16+00:00

Although it is certainly not a requirement, it is HIGHLY recommended.  Aside from having the home in a clean, neutral, and pleasant condition, not being present for showings is one of the best things you can do.  You want to allow the buyers to see themselves and their families in the home.  This isn’t easy to do if another family is there.  Also, buyers should be able to speak freely with their agents so that they can talk through any questions or concerns in real-time.  This is especially important when a buyer sees multiple homes in a day and may have home buyers fatigue from all the showings.  Also, to the extent possible, dogs, cats, etc., should be secured.  If any special instructions need to be left for the Buyer’s Agent for showings, such as “do not let the cat out” or “the dog is locked in the basement,” we can do that through the MLS.

How do you schedule showings?2021-01-11T17:53:22+00:00

For the most part, showings are scheduled in the MLS through a service called ShowingTime.  ShowingTime is an automated service that allows the Buyer’s Agent to see the home’s showing schedule and request an open time that works for their clients.  Once they request the timeslot, we will request it via your preferred contact method (text, email, or phone).  Sometimes buyers request showings with little notice because they are out actively looking at properties, so it’s important that we communicate as quickly as possible.  Once a time is confirmed, the buyer and their agent will arrive and access the property using the lockbox we leave on your door.  This is a Supra iBox and is the preferred electronic lockboxes for agents.  This lockbox is very secure, and only real estate professionals have access.  Once the showing is complete, the Buyer’s Agent usually sends a form with their client’s feedback.

Do you meet perspective buyers at showings?2021-01-11T18:28:02+00:00

Buyers are usually represented by their own agents, so the Buyer’s Agent will meet them for home showings.  If a buyer contacts us directly and doesn’t have an agent, we will be happy to meet them and show them the home.  Please note that if this happens we will designate one agent in our office to represent the seller and one agent in our office to represent the buyer.  We will never have one agent represent both the seller and buyer in a transaction because of the potential conflict of interest.

Is this similar to For Sale buy Owner (FSBO)?2021-01-11T17:39:22+00:00

FSBO listings either do not offer inclusion in the local MLS or it has very minimal support from the agent.  With Value Home Sales, we do everything that traditional brokerage would do at a fraction of the cost.  We have expert local and licensed agents.  We get the home listed in the MLS, coordinate showings, offer guidance on negotiations and contracts, and work with lenders and closing attorneys.  We offer everything you need in today’s modern environment.

How will you advertise my home?2021-01-11T18:29:19+00:00

We have a multi-faceted approach to market our listings.  First, we will list your home in the local MLS (FMLS).  This is the database that local agents use to search for properties for their clients.  From there, your listing is picked up and aggregated to hundreds of real estate websites.  Some of the more popular sites are Zillow, Realtor.com, Homes, Trulia, and many others.  A study conducted by the National Association of Realtors showed that over 92% of home buyers search for homes online, so just by having your property in the MLS will expose you to a large number of buyers.  Once we see how much demand is generated from the MLS listing, we will also look at social media marketing on popular social networks like Facebook and Instagram and postcard campaigns.  Of course, every listing gets a yard sign to generate buzz in the neighborhood.

Will a licensed real estate agent represent me?2021-01-11T18:30:23+00:00

Yes, all transactions are handled by a licensed local real estate agent, and Value Home Sales is a licensed real estate brokerage in Georgia.  We will analyze comparable home sales and provide a valuation report to determine your home’s value.  We will take professional photos with 360° virtual tours and drone photography.  We will coordinate showings, negotiate contracts, and work with lenders, home inspectors, and closing attorneys.  You get all the services you need in today’s modern environment for a fraction of the cost of traditional brokerages.

Do I still have to pay the Buyer’s Agent commisson?2021-01-11T18:32:02+00:00

To get your property listed in the MLS, the Seller’s Broker generally offers 2.5% to 3% to the Buyer’s Broker to incentivize them to show your home to prospective buyers.  When the cooperative commission offered to the Buyer’s Broker is in that range, your property will be exposed to the largest number of people, and it will usually sell faster and for more money.  We believe this is a crucial item to include, so our policy prohibits us from accepting listings where minimal or no commission is offered to the Buyer’s Broker.

Are there any traditional services that you don’t provide?2021-01-06T17:00:03+00:00

We provide the same services as traditional agents. We will work with you to understand your homebuying criteria such as target zip code, home size, bedroom count, and more to help us align with your goals. We can help connect you with a list of lenders you could work with. When you are ready to tour homes, you can schedule showings easily on our website. When you find the perfect home, we will work with you to craft a competitive offer and submit it to the Sellers. We’ll be there every step of the way during negotiations, offer acceptance, home inspections, repair requests, all the way up to closing.

When and how should I engage with you?2021-01-06T17:00:21+00:00

You can reach out to us on the phone, text, or email at any time if you have general questions about our services or want details that aren’t public about specific properties. If you are ready to tour properties, we typically ask for the following before we can schedule showings:

  1. Fill our Buyer Rebate Registration
  2. Schedule an Initial Phone Consultation
  3. Have a Pre-Approval Letter from a Lender

We can help guide you in the right direction to work out financing with a Lender in our initial phone consultation.

How can you provide the buyer rebate when other agents can’t?2021-01-06T22:12:26+00:00

Residential real estate has evolved such that a majority of buyers get very far along in the buying process before actually NEEDING an agent. You can identify your target zip code, price point, mortgage payment, insurance costs, and many other items all online. Our model specifically targets those modern buyers who put in some of the work up-front in the comfort of their own homes before engaging us to show properties, make offers, and close deals. Since we focus on buyers nearing the end of the process, we can provide our services for less money, and we pass those savings on to our clients.

How do you fund the buyer rebate?2021-01-11T18:39:36+00:00

In a typical real estate listing, the seller agrees to pay around 6% commission to sell their home. This 6% is broken into two components: 3% goes to the Seller’s Agent, and 3% goes to the Buyer’s Agent. While many buyers commonly feel that their agent services are free because there’s no direct cost to them, that’s really not true. The sellers utilize money from the proceeds received from the buyer to fund the brokerage fees and their closing costs. Because we operate efficiently and only target buyers nearing the end of their home search, we can offer up to 50% of the commission we receive as the Buyer’s Agent as a credit back to the buyers at closing.

How do I receive the buyer rebate?2021-01-06T17:01:01+00:00

When an offer is accepted and we understand the rebate amount, we let the Closing Attorney and Lender know how much it will be. It is settled at closing and will show up on the Settlement Statement as a Broker Credit to the Buyer. This credit usually decreases the closing costs or downpayment and lessens the amount of money needed at closing.

Please note that the rebate must be communicated to the Lender. Some lenders have restrictions on what credits are allowed, and there needs to be ample time to account for this. The rebate is also subject to a $3,500 net commission minimum and is directly tied to the number of homes toured. More details can be found here.

Save money by learning to delegate tasks.

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