Will my property be in the Multiple Listing Service (MLS)?
Will my property be in the Multiple Listing Service (MLS)?
Sell by Owner is a proprietary marketplace distinct from the Multiple Listing Service (MLS), which is exclusively for real estate brokerages and agents. While we are not a brokerage, we offer a unique platform powered by sellers listing their properties directly on our proprietary marketplace. Your listings will appear in our marketplace and benefit from our extensive marketing and affiliate partnerships, reaching a wide audience of buyers and investors.
Is Sellbyowner available nationwide?
Is Sellbyowner available nationwide?
Yes, our platform is available to users across the United States, allowing you to list your property no matter where you are located
Is it safe to buy and sell homes on Sellbyowner?
Is it safe to buy and sell homes on Sellbyowner?
Seller-
In order to sell your property on our platform you will need a valid U.S Identification Card or Driver License. Sellbyowner we take fraud seriously and perform ID verification seamlessly through the app on all properties listed to detect any fraud.
Buyers-
When buyers request showings, they will be prompted to verify their identity. If they decline they will not be verified and the seller would be advised as they will not have a verified badge and can decline their request if they wish to do so.
What resources are available to help me sell my property?
What resources are available to help me sell my property?
Our platform provides a range of resources including an automated valuation model with comps to help come up with a listing price as you list the property. We also have a interactive checklist once an offer has been accepted for both buyer and seller to help both parties close on the property. The checklist will allow users to leverage partnerships including real estate legal referral services, title companies, appraisals, inspections..etc.
What are the benefits for sellers to use Sellbyowner?
What are the benefits for sellers to use Sellbyowner?
Sellbyowner provides various benefits as you would going through a traditional for sale by owner(FSBO), however Our platform provides tools and resources to help you manage the entire selling process. I will note some of the unique features our app provides:
Listing- List your property in minutes within the app using our step by step wizard
Easier Pricing- AVM and Comparable properties provided when available, or you can leverage our partnership with nationwide appraisals to get an accurate listing price.
Streamline Communications-All communications are done in-app ( no more late night random texts or lost emails)
Secure- Our platform strives on preventing fraud. Sellers are required to verify identify when listing on the platform, and Buyers are encouraged to verify their identity when making a showing request. All this is handled by a 3rd party secure ID verification company.
Partnerships - We pride ourselves in partnering with the best digital platforms in the industry to create a more seamless experience. through our platform we connect you with title companies, property inspections, attorneys, and more!
Creative Financing- Our app empowers sellers to offer creative financing to buyers
Transparency- Our sellers will provide more details than what you would normally see in other platforms, thus allowing you to filter on more specific items. This is valuable for investors
To learn more about benefits of sellbyowner click here
How long does the sales process take?
How long does the sales process take?
The length of the sales process depends on factors such as market conditions, location, and property type. Typically, it takes 30-60 days to close on a home after an offer is accepted. Inspections, financing, and negotiations can impact the overall timeline.
How do I prepare my home to be sold?
How do I prepare my home to be sold?
Here are some steps to prepare your home before listing:
Declutter and Depersonalize: Remove personal items, family photos, and excess furniture to make the home feel more spacious and allow potential buyers to envision themselves living there.
Deep Clean: Ensure your home is spotless. Consider hiring professional cleaners for a thorough job.
Make Necessary Repairs: Fix any obvious issues like leaky faucets, broken tiles, or damaged walls. Small repairs can make a big difference.
Enhance Curb Appeal: Make sure the exterior of your home looks inviting. This includes mowing the lawn, trimming bushes, planting flowers, and painting the front door if needed.
Stage Your Home: Arrange furniture and decor to highlight your home's best features. You can hire a professional stager or do it yourself.
How do I price my property?
How do I price my property?
SellByOwner includes a built-in Automated Valuation Model (AVM) that helps display low, average, and high price points for your property. Additionally, our user-friendly comparables feature allows you to pull similar properties within a close proximity to your home for a specific time period. While these tools provide helpful estimates, they may not always be 100% accurate. If you choose to get a professional appraisal, we’ve partnered with Nationwide Appraisal Services to assist you. To learn more about property appraisals click here.
Do I need any documents to sell my property?
Do I need any documents to sell my property?
In order to sell your property on our platform you will need a valid U.S Identification Card or Driver License. at Sellbyowner we take fraud seriously and perform ID verification seamlessly through the app on all properties listed to detect any fraud. It's recommended to have key legal documents prepared for the sales transaction, including a purchase agreement, survey copy, title policy, and property disclosure forms. If you opt in to use our attorney referral service they can provide additional guidance on these documents.
What must I disclose to potential buyers about my property?
What must I disclose to potential buyers about my property?
A property disclosure statement is a required document in most states, completed by the seller to inform the buyer of any material defects or information by law to be mentioned. Click Here to view most state requirements . If you opt in to use our attorney referral service they can provide additional guidance on these documents.
How do buyers contact me if they are interested in my property?
How do buyers contact me if they are interested in my property?
Interested buyers can contact you directly through the messaging system on our platform. You will be notified of any tour requests or offers also through in-app notifications and emails. To learn how to use our messaging visit:
How do I handle showings?
How do I handle showings?
You will coordinate showings directly with potential buyers through the app, buyers will need to verify their identity in order to see your property.
How do I handle negotiations?
How do I handle negotiations?
Our platform provides resources and guidance on how to effectively negotiate offers, we do recommend involving an attorney in the process early and using our affiliate legal referral service Click Here
To learn more visit our help center article here.
What are the costs for using Sellbyowner?
What are the costs for using Sellbyowner?
Listing your property on SellByOwner.io is FREE, you only pay a one-time technology fee of $499 after closing. Using SellByOwner.io will save a seller the typical 5-6% commissions paid out to agents. Buyers pay a flat $49 technology fee after closing. We do not advertise or sell data on our platform to keep the experience focused, streamline, and secure.
How do I market my home to sell quicker?
How do I market my home to sell quicker?
Sellbyowner does leverage best in class marketing strategies to get as many eyes on your home, however to increase chances of getting an offer quicker we suggest the following tips:
Write a Compelling Listing: Create a detailed and appealing description of your home. Highlight key features and recent upgrades in the property details.
Advertise on social media local groups: Utilize social media and local community groups. Sellbyowner provides an easy way to share your property leading users directly to your listing without having to provide all your personal details. All interactions are done through the application
How many properties can I list?
How many properties can I list?
Yes, you can list multiple properties on our platform as long as you adhere to our Terms of Service.
Can sellers accept offers from real estate agents if using Sellbyowner
Can sellers accept offers from real estate agents if using Sellbyowner
Yes, our platform helps you sell your property directly to buyers without any real estate agent involvement. However, some buyers may choose to use an agent. As the seller, you can choose to pay the agent if you'd like, or the buyer will handle their agent's payment separately.
Do I need a lawyer to sell my property?
Do I need a lawyer to sell my property?
While each state requirement varies, it may not required especially in cases where the sellers have done many real estate transactions. We do recommend consulting with a real estate attorney to ensure all legal aspects of the sale are handled properly. Through our platform you will be able to find an attorney simply by adding some information and having our partner locate the right local legal representation. Click Here if you wish to use our affiliate partner.
What happens Post-Offer Acceptance?
What happens Post-Offer Acceptance?
After an offer is accepted, the Buyer and the Seller will both have their individual interactive checklists to complete the transaction the checklist will also connect you with our third party affiliates if you need assistance.
What if I need to cancel or de-activate my listing?
What if I need to cancel or de-activate my listing?
You can cancel or de-activate your listing on Sellbyowner anytime with no penalties or charges if you choose not to proceed with listing on our platform.
Is Sellbyowner available web as well?
Is Sellbyowner available web as well?
SellByOwner is currently optimized for mobile, providing the best listing and buying experience. We're planning to launch our web marketplace by the end of Q4 2024.
Is For Sale By Owner (FSBO) Legal?
Is For Sale By Owner (FSBO) Legal?
Yes, selling a property as For Sale By Owner (FSBO) is legal in the United States. This approach allows homeowners to sell their home without a real estate agent, potentially saving on commission fees. However, sellers are responsible for managing all aspects of the sale, including pricing, negotiations, and legal paperwork. It’s recommended to consult a real estate attorney to ensure all legal requirements are met and to avoid potential issues during the sale. Sellbyowner makes it easy to find an attorney by using our affiliate legal referral service Click Here .