Step 1: Access Seller Central
Open the App:
Start by launching the SellByOwner app on your device.Navigate to Seller Central:
On the home screen, tap "Seller Central" from the bottom navigation bar.
Step 2: Manage Listings
View Your Listings:
In "Seller Central," your active listings will be displayed. Draft listings, where incomplete listings are saved, are shown at the bottom.Create a New Listing:
Tap "Create New Listing" to begin.
Step 3: Property Ownership Confirmation
Confirm Ownership:
Indicate if you are the property owner. For this example, select "Yes."Specify Income-Producing Property:
You'll be asked if the property is income-producing. Select "Yes" for this tutorial.
Step 4: Enter Property Address
Input the Address:
Start typing the property address, and the app will suggest matching addresses. Select the correct one.
Step 5: Enter Property Details
Update Auto-Populated Information:
The app may auto-populate some details based on online information. Update any incorrect or outdated information.Enter the Property APN/PIN:
Visit your local County Tax Assessor's website to find the Property APN (Assessor’s Parcel Number) or PIN (Property Identification Number) and enter it.Select Property Type:
Choose "Multi-family" from the property type options.
Step 6: Input Detailed Property Information
Enter Unit Information:
Specify the number of units in the property.Enter Property Details:
Total number of bedrooms and bathrooms
Square footage and lot size
Year the property was built
Specify Parking Details:
Indicate the type and number of parking spaces available.Indicate Number of Floors and Basement Type:
Enter the number of floors and whether the property has a basement.Select Cooling and Heating Systems:
Choose the appropriate cooling and heating systems.Choose Floor Materials:
Select the floor materials used in the property.Add Additional Rooms and Features:
Indicate any additional rooms or features the property has.Select Exterior Materials and Roof Type:
Choose exterior materials.
Specify the roof type and its estimated age.
Indicate Exterior Amenities:
Choose any exterior amenities that apply.Specify HOA Information:
If there is a Homeowners Association (HOA), enter the monthly fee.Confirm Zoning Type:
For a multi-family property, select "Residential" for the zoning type.Confirm Flood Zone and As-Is Sale:
Indicate if the property is in a flood zone.
Confirm if you're selling the property "as-is."
Step 7: Describe the Property
Provide a Property Description:
Enter a description of the property. If needed, use the AI property description generator.Proceed to the Next Step:
Tap "Next" to continue.
Step 8: Enter Financial Information
Input Property Taxes:
Enter the tax year and the amount of property taxes paid. You can find this information on your local county assessor's website.Enter Monthly Expenses:
Provide estimated monthly expenses for insurance, landscaping, utilities, and other relevant costs. You can switch between monthly and annual views.Enter Mortgage Information (Optional):
If applicable, provide mortgage details, especially if offering creative financing options.
Step 9: Enter Rental Income Information
Add Unit and Rent Roll Details:
Tap the edit icon to enter unit details.
Tap "Add Unit" and specify the number of similar units.
Enter details like unit type, number of bedrooms, bathrooms, square footage, and rental type.
Enter the gross income for each unit.
Add Miscellaneous Income:
If there’s any additional income, input it here.Return to Gross Income Calculation:
Return to the previous screen, and the gross income will be automatically calculated.Indicate Occupancy and Eviction Status:
Specify if the property is vacant.
Confirm if any units are in eviction status.
Proceed to the Next Step:
Tap "Next" to continue.
Step 10: Describe Property Condition
Indicate Renovations:
Confirm if the property has been renovated within the last five years.
Check off any items that were renovated.
Specify Needed Repairs:
If the property hasn’t been renovated and needs work, list the items that require attention.
Step 11: Set the Asking Price
Determine the Asking Price:
Set your asking price. You can use the Automated Valuation Model (AVM) for guidance.
Note: AVMs might not be available for every property and may not be 100% accurate.
View Comparable Properties:
Tap "View Recent Sold Comparables" to see similar properties recently sold in your area.Finalize Asking Price:
Enter your final asking price after reviewing the comparable properties.
Step 12: Choose Financing Options
Select Financing Options:
Choose your preferred financing methods, such as conventional, FHA, VA, or cash.
Step 13: Upload Photos and Documents
Upload Property Photos:
Upload at least two photos of the property.
If you don’t have photos yet, you can select "Add Photos Later."
Add Virtual Tour URL:
If applicable, add a link to a virtual tour or video hosted on YouTube.Upload Supporting Documents:
Upload necessary documents like appraisals, surveys, or repair receipts.Use Professional Photography (Optional):
Select our photography partner if you need professional photos.
A booking link will be sent to your email.
Preview the Listing:
Review the listing before publishing. Your progress is saved automatically.Save as Draft (Optional):
If you’re not ready to publish, your listing will be saved as a draft in "Seller Central."Edit Listing Details:
To make changes, tap the edit button next to any section name.
Step 14: Publish the Listing
Agree to Disclosures:
Read and agree to the disclosure statement.Tap "Publish":
Once you’re ready, tap "Publish" to finalize your listing.
Step 15: Verify Identity and Finalize
In order to prevent fraudulent listings we do ask users to verify their identity the first time they are using and listing a property on our marketplace. We have partnered with a well known provider to ensure all your information is secure.
Verify Your Identity:
Complete the verification process.Listing Status:
After verification, your listing will be marked as pending. You’ll receive a notification when it’s ready.Publish the Listing:
Return to the app and tap "Publish" once your listing is ready.
Step 16: Manage Active Listings
View Active Listings:
Your property will be listed under your active listings in "Seller Central."Edit the Listing:
Tap the edit button if you need to make changes.Activate/Deactivate Listing:
Use the toggle switch to activate or deactivate your listing at any time.
And that’s how you successfully list a multi-unit property on SellByOwner.