When Realtors sell their own homes they list in the MLS!
Listing in the MLS puts your listing on every real estate brokerage site in the country and puts it in front of every buyer's Real Estate agent. The MLS is the network Licensed agents use. You now have access for FREE!
We list your home for Free in the *MLS (Mulitple Listing Service) for the same reason Zillow will list your home on their site for Free. It brings more potential clients to our site and we hope to represent the buyer for your listing. It is better than Zillow or any other for sale by owner site because listing in the MLS gives you the most exposure possible and now you can get the exposure for Free!
What the catch? We hope to find a buyer for your home. Even if we don’t and you or another agent brings the buyer, having your listing and marketing it for you bring us other leads. It’s really that simple!
When Licensed Realtors sell their own homes they list in the MLS and offer a buying agent commission because they know this is the best way to sell quickly and get the highest price possible for their home. They pay $0 in listing commission and now with ShopProp, you can too!
Per the National Association of Realtors, 95% of home buyers start their search online and 99% of them use a Realtor to write up the offer. This means only 1% of homes are sold For Sale By Owner without a buyers agent. Click here for the report. Listing in the MLS and offering a buyers agent commission puts you in front of every buyer’s agent.
ShopProp Free steps to a successful sell and the wills and will nots:
ShopProp Free is for the client that wants the max exposure the MLS provides, is open to paying a buyers agent commission, pays a $0 listing fee and is comfortable with the limited support below.
If you want or need full service ShopProp Full offers 24 hour 7 day support from an experienced agent.
Price your property – Please feel free to fill out our CMA (current market analysis) form. ShopProp will send you an automated CMA of what your house is worth. It is automated because ShopProp is not giving a personal CMA.
Fill out the listing agreements and the required disclosure documents for your area.
ShopProp will list your property in the MLS (multiple listing service) and over 1000 broker websites. Yes, you will be listed in sites like Redfin, Zillow, Remax, Realtor.com and every other brokerage site. Plus your home will be put in front of every agent searching for properties for their buyers.
With ShopProp Free you will receive email support only. If you need a general direction on paperwork, timelines, price changed or an open house scheduled simply email us at helpdesk@ShopProp.com . Some MLSs do not let us post open houses that are not hosted by agents. We can not give you direction on what price you should counter at or terms with ShopProp Free.
When you receive an offer if ShopProp represents the buyer we will help you through the timelines and handle the paperwork but we will be representing the buyer so we WILL NOT give you personal direction on price or terms. We can answer general questions about the offer, timelines and terms.
If another agent brings a buyer you will be on your own to handle paperwork and timelines. If you wish to sign up for ShopProp Full you can upgrade at any time before we are representing a buyer. If you do upgrade you will be assigned an experienced agent to handle everything for you and give you personal direction on price and terms.
ShopProp WILL NOT operate as dual Agent.
For sale signs and MLS Key Box –If you wish you can purchase one from ShopProp or you can or use your own. ShopProp’s fee for a sign is $175 and for a MLS lockbox it is $175. An MLS lockbox allows agents to enter your home with their electronic key.
Showing Your Home– If your home is vacant, licensed agents and ShopProp will access your home via our MLS electronic key box (if you have one) that keeps track of every showing. If your home is not vacant, ShopProp and other licensed agents will call to schedule appointments when they have potential buyers that want to see your property. You can put the MLS key box or your key box out when you have a showing so licensed agents can access it. You can also show the property yourself to potential buyers.
Analytics – We keep track of every hit your property receives from our online marketing as well as every showing. You will receive a report on your analytics.
Receiving an Offer when ShopProp represents a buyer– ShopProp will present you with any offers. ShopProp will work as a scribe to help you draft a counter. ShopProp will not give you negotiating advice but we can help you with understanding the paperwork.
If ShopProp is NOT representing a buyer ShopProp WILL NOT work as a scribe for you. The SELLER will be responsible for handling the paperwork and working with the agent or buyer that is presenting the offer to you.
Timelines when ShopProp is representing the buyer– ShopProp will alert you to timelines. It will be your responsibility to act on them.
If ShopProp is NOT representing a buyer ShopProp WILL NOT alert you of any timelines.
Inspections and Closing – When you have accepted an offer on your property, a ShopProp will work as a scribe to draft inspection responses and escrow addendums. We will not help in the negotiations but can help you with the paperwork.
What if ShopProp represents the buyer and theseller? Dual Agency is only available on ShopProp Full.
$0 listing commission is paid to ShopProp but the seller offers a commission to the agent that represents the buyer.
ShopProp’s goal is to market your home and find a buyer for you and collect the buying agent commission. If ShopProp represents a buyer ShopProp will also work as a scribe for the seller and help the seller with the paperwork and timelines.
Buying agent commission is due if ShopProp or another licensed agent represents the buyer. The seller agrees to pay the buying agent commission they are offering to ShopProp or the other agent representing the buyer when the property is sold. Our normal rebate schedule applies back to ShopProp buyers for these homes.
Per MLS rules sellers have to offer some amount of buying agent commission to be listed in the MLS and the amount will be shown to licensed agents.
If the Seller sells on their own while their property is listed with ShopProp they do not owe ShopProp a dime. They could, however, owe another agent a commission if that buyer was introduced to them through another agent.
If the Seller sells on their own ShopProp WILL NOT help with timelines and paperwork.
*Dual Agency is when we represent the buyer and seller on a transaction.
* MLS Licensed agents list their home in the MLS (Mulitple Listing Service) because every licensed agent and their firm is a member of their local MLS. When you list your property in the MLS it automatically uploads to every brokerage firms website and internal site. The MLS is the internal network agents use to find listings for their buyers, transact business on and can see how much commission is offered on a property to the buyer’s agent.
Did you know all Brokers Websites have the same properties listed on them? The reason why is because the data agreements state that if you download data from the MLS you have to download ALL properties that are listed in it. We list your property in the MLS in this is why it goes to every site.
*Scribe Only is when ShopProp is only working to help with the paperwork and is not working in an agency capacity.
*Selling Office Commission (SOC) – This is the commission that is paid to the agent that is representing the buyer. You decide on how much you want to offer to the agent that represents the buyer. Click here to learn more.
since 2006* *We guarantee the most commission back when buying and the lowest commission paid when selling for like services advertised. The guarantee is not retroactive after the close, after the first offer is written or after the home is listed for sale.
“I am thankful that this service was available to us because listing with a traditional agent would not have been as profitable for us.”
“This was a great experience. Rob helped out with a very difficult agent on the other side of the transaction and made it work for us.”
Technology has made it less expensive and easier to market, negotiate, and close real estate transactions. ShopProp passes the commission savings on to our clients! Unlike most agents, we don’t lock you into a contract or charge you any upfront fees.
Money Back in Your Pocket
To our buyers we provide a service where the public can buy real estate easily, efficiently, and compliantly at the best purchase price possible while sharing in the majority of our commission.
To sellers we provide a low-cost solution where the public can sell their property easily, efficiently, and compliantly for the highest price possible but at a fraction of the traditional full-commission cost.
Real Estate Investments
If you are looking for real estate investments we can help you find, analyze and acquire investment properties.
If you are looking for a more passive approach the investment side of our firm is OurCapitalGroup. We buy, sell and develop real estate on a short term basis in Orange County and the greater Seattle area to earn profits for us and our real estate investing partners.
Contact us directly via phone or email. Our support hours are: 8:00am to 8:00pm PST