Email Beyond the cost savings there are several other benefits to you, as a Seller, in working with Mitch and His Buyer When You Want To Sell By Owner.
If you are NOT thinking about selling your Lot, and have a friend or neighbor with a similar Lot in the area, then please...
If you are NOT thinking about selling your Lot, but have a friend or neighbor with a similar Lot then please...
Click on the 'Benefits To You' to learn why you might want to explore this approach and explore 'Your Four Options' to learn about the possible next steps and ways to proceed.
Click on the 'Benefits To You' to learn why you might want to explore this approach and explore 'Your Four Options' to learn about the possible next steps and ways to proceed.
If you are NOT thinking about selling your Lot, but have a friend or neighbor with a similar Lot then please...
If you are NOT thinking about selling your Lot, but have a friend or neighbor with a similar Lot then please...
Check out the Benefits below and learn why you might want to explore these options...
GET A FAIR PRICE
Mitch’s Buyers already share your love of the Area. And, like most Buyers, they just want a fair and reasonable purchase price for their new home… But, they also can appreciate the condition, charm, location and amenities that your home may offer that are atypical.
GET TIME
Many of Mitch’s Buyer are either leasing month to month or are looking to downsize from their current place. But, they want to find a new place first before they sell or move from their current home. So, unlike a buyer who has already sold their home or a Buyer that is relocating for a new job, many of Mitch’s Buyers can work with you, as the Seller, to give the the time you need to find, build and or close on your next place.
GET A VERY FINANCIALLY STRONG BUYER
With home prices raising quickly in today’s market, getting a mortgage approved because of an appraisal being to low can cause more stress for Seller’s than finding the Buyer themselves! Some of Mitch’s Buyer’s are cash buyers, Others are exceptionally strong buyers financially! This means that often times there are no contingencies based on financing. While many cash buyers may not even order an appraisal, even when they do, because they are strong buyers they can move forward with the purchase regardless of appraisal variances if they want to. That means that beyond the usual inspection there are virtually no roadblocks to getting to the closing table. But, perhaps most importantly this means that once you are under contract, as the Seller, you can start to firm up your plans including writing a contract on your next place, scheduling movers etc., or just taking the next steps whatever those are without worrying if the deal will fall apart at the last minute because of mortgage related issues..
GET CONVENIENCE
While Mitch’s Buyers may need to tour the home a couple of times, before making a final decision, they understand the hassle of constant, never ending and last minute showings. By working with Mitch and his Buyers you have the very real possibility that your home could be sold with SHOWINGS TO ONLY ONE BUYER. And, in typical markets, unless you underprice your home's value so that it get’s snapped up the at the first showing that’s virtually unheard of in most markets..
GET AN EVEN FURTHER REDUCTION OF REALTOR'S FEES
Mitch will NOT act as a Listing Agent or Dual Agent, on your current home, with his Buyer. This means Mitch will not represent both a Seller and a Buyer on the SAME home at the SAME time
But, Mitch would love to help you find a new place if selling your current home means that you will need to buy a new one. With Mitch as your Buyer’s Agent, on your new home, you will get a great Agent on your team and you can effectively further reduce the costs to sell your existing home! This savings occurs because when Mitch is your Buyer’s Agent on your next place, he will reduce the commission percentage you are paying him to represent the Buyers on your current home. The savings is an amount equal to 15% of the total commission Mitch will receive as your Buyer’s Agent on your NEW HOME! If your next home costs $200K that could be a savings of over $1,000. And there is not limit or cap so the greater the price of the next home the greater the savings!
As you can probably already tell Mitch is 100% committed to representing the interests of his clients and goes well beyond what typical REALTORS will do to help you find the perfect home!
See 'Your Four Options' to learn about possible next steps on ways to proceed.
If you want to find out about Next steps…. You always have options. The four most common scenarios are all listed below.
Sellers Can Represent Themselves
When Mitch is your listing agent and some of Mitch's clients are also wanting to write an offer on your property then the first option Mitch gives is to you as the Seller. Mitch offers to stop representing you as the Seller for negotiations with the Buyer. In this scenario Mitch will represent ONLY the Buyers. To be honest this is not the 1st choice for most Sellers! Most Sellers have busy schedules and understand the importance of having a strong experienced negotiator like Mitch that understands the current market and knows how to get the best sales price and terms for the Seller. Frankly, Mitch never recommends this option but he understands that for many sellers self-representation may be what they actually would prefer.
In this scenario, because Mitch will NOT be representing you as the Seller, and Mitch will be working without the benefit of another agent on the other side of the transaction, it means that Mitch will be doing some clerical tasks for you that a Seller's agent typically would handle to help insure that we get the sale closed.
For example Mitch will help facilitate preparing counter offers, inspection responses and similar documents that reflect your desires as the Seller. Mitch does NOT advise you as to what your counter offers or responses should include. But, Mitch will only prepare the documents based on your direction for for you to review, accept and sign before submitting these documents to the Buyer(s) for them so that they can review and respond.
After acceptance of the purchase agreement Mitch will also follow-up with you to insure the lender pay off information is provided to the title company along with obtaining any Homeowner Association documents that must be provided to the buyer etc. Once the Buyers submit any inspection responses then Mitch will also prepare an inspection response for the Sellers based on the Sellers direction but again Mitch will not advise or represent you as the seller beyond typing up the paperwork and asking you if it's what you intended.
Because Mitch will be doing more work than he would otherwise be doing, when there is an experienced REALTOR representing the other side of the transaction, the reduction in fees are not quite half of what they would typically be. In this option if the home is selling for less than $300,000 the seller’s total commission will be only 5.65% versus the usual and customary 7%. If the Sellers home is selling for more than $300,000 than the Seller’s total commission will be only 4.75% versus the usual and customary 6%. Regardless of the Home’s sales price this option can reduce the sales commissions by thousands of dollars.
If you choose this path, and your home is worth more than 300K, then you as the Sellers and I will execute FSBO Realtor Commission for homes that sell between 300K to 600K or FSBO Realtor Commission for homes less than 300K. This document is limited to this particular client and only this client. Should this Buyer purchase your home then you are agreeing to pay a brokerage fee to ToHelpUmove Realty Indianapolis. Should this Buyer NOT purchase your home then This Agreement shall be void and the terms of the Listing Agreement will continue.
You and the Buyers will also sign a No Agency Doc when Mitch Represents Buyer Only that confirms that the you as the Sellers understand that I will ONLY be representing the Buyer in this transaction and that you as the Seller, have declined to have your own representation.
Buyers Represent Themselves
Mitch will continue to fully represent you as the seller but will give the Buyers the option to represent themselves. Again this may not be viewed as a viable option for many buyers and especially for 1st time buyers! While, Mitch never recommends this approach he does understand that for many experienced buyers self-representation may be what they actually would also prefer.
In this scenario, because Mitch will be representing you as the Seller, but not the Buyers. Again, that means there won’t be another agent on the other side of the transaction. So, Mitch will be facilitating things that a buyer’s agent typically would handle to help insure that we get the sale closed.
For example Mitch will prepare the Buyer's offers, counter offers, inspection responses and similar documents that reflect their desires as the Buyer. Mitch does NOT advise the Buyers in this role as to what the offers, counter offers or responses should be or include etc. Mitch will only prepare the documents based on the Buyer's direction for the Buyer to review, accept and sign before submitting these documents to you as the Seller(s) to review and respond to.
After acceptance of the purchase agreement Mitch will also follow up with the Buyer’s and the Buyer's lender to insure loan application and insurance confirmation have occurred. Once the inspection has occurred Mitch will prepare a response based on the Buyer's direction again without offering any input, guidance or advice.
Because Mitch will be doing more work than he would otherwise be doing, when there is an experienced REALTOR representing the other side of the transaction, the reduction in fees are again not half of what they would typically be. In this option if the home is selling for less than $300,000 the Seller’s total commission will be 5.65% versus the usual and customary 7%. If the home is selling for more than $300,000 than the Seller’s total commission will be only 4.22% versus the usual and customary 6%. Regardless of the Home’s sales price this option can reduce the sales commissions by thousands of dollars.
You and the Buyers will also sign a No Agency Doc when Mitch Represents Seller Only that confirms that you as the Seller, and the Buyer, understand that I will ONLY be representing the seller in this transaction and that the Buyer(s) have declined to have their own representation.
Refer The Buyer To Fellow REALTOR & Fees Are Less than the typical amounts
When Mitch refers a Buyer to a fellow Indianapolis REALTOR, then the Buyers come back to Mitch if the fellow Agent is not able to help them get your home under contract. So, the Agent has an incentive to get a deal done on your particular place! At the same time, because the Agent won’t be investing the usual amount of time showing the buyer multiple places and the agent did not have the usual marketing costs or time investment to acquire the Buyers, they are willing to receive lower commission than they normally would. The other REALTOR pays Mitch a referral fee and Mitch uses that fee to lower the total commission fees for you as the Sellers pay as part of closing. The Buyers understand, in a balanced market, most Sellers will let the Buyers share in these commission savings.
In this option if the home is selling for less than $300,000 the Seller’s total commission will be 6.00% versus the usual and customary 7%. If the home is selling for more than $300,000 than the Seller’s total commission will be only 4.75% versus the usual and customary 6%. Regardless of the Home’s sales price this option can reduce the sales commissions by thousands of dollars.
The Buyer Selects a REALTOR to Represent Then Without Any Fee Savings
The Buyer(s) always have the option to interview and negotiate with REALTORS who they may already know, so that those agents can represent the Buyer(s) as a Buyer's Agent.
However most Buyers understand that there are no savings associated with selecting their own Agent and also know that if they are not successful in getting this property under contract, and they did work with another REALTOR, that it would be unlikely Mitch would continue to help them find another place. While it’s always the Buyer’s decision… this is actually the least selected option of those listed above.
The Buyer Selects a REALTOR to Represent Then Without Any Fee Savings
The Buyer(s) always have the option to interview and negotiate with REALTORS who they may already know, so that those agents can represent the Buyer(s) as a Buyer's Agent.
However most Buyers understand that there are no savings associated with selecting their own Agent and also know that if they are not successful in getting this property under contract, and they did work with another REALTOR, that it would be unlikely Mitch would continue to help them find another place. While it’s always the Buyer’s decision… this is actually the least selected option of those listed above.
If you are NOT thinking about selling your Lot, but have a friend or neighbor with a similar Lot then please...
Click on the 'Benefits To You' to learn why you might want to explore this approach and explore 'Your Four Options' to learn about the possible next steps and ways to proceed.
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