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                  FAQs
                                                                                                 Ph:  770.509.0265          Listing Appointment

Frequently Asked Questions                          

What is the difference between a "traditional" full service broker and your $399 flat fee listing service?

There’s virtually no difference.  Sellect Realty's $399 listing is full service.  We represent our sellers and perform the same duties as a traditional broker such as determining your selling price, listing your home on the MLS, negotiating the contract and attending the closing.  The biggest difference is in the savings for you, if you are willing to invest some of your time and effort in marketing your home (e.g. showing your home to buyers with no agents). You will not be paying the full normal commission (typically 6%).  The only commission you will pay is to the broker of a buyer’s agent (typically 3%), if an agent brings you a buyer and sells your home.  If your home is sold to a buyer not represented by an agent, you pay absolutely no commission.

What is MLS?

Multiple Listing Service is a computerized database of homes for sale.  It is used by real estate brokers to market and promote their own listings and to cooperate with other brokers in selling each other’s listings for part of the commission.  By listing your home in the MLS, it will be exposed to thousands of agents.  A large portion of real estate transactions is a direct result of having been listed in the MLS.  In Metro Atlanta, there are two competing multiple listing services.  One is called First Multiple Listing Service (FMLS) and the other is called Georgia Multiple Listing Service (Georgia MLS or GAMLS).  Sellect Realty will list your home in both because it is hard to guess which multiple listing service an agent will use to search for homes for sale.

Will my listing look the same as "traditional" brokers' listings on the MLS?

Absolutely.  Your listing will be identical.  It will have the same information as other sellers paying full commission to their brokers. Agents will not be able to tell that you paid only a flat fee to get listed on the MLS.

Will agents with buyers pass up my home if it is listed flat fee?

No.  Agents will be paid the same selling commission as any listing offering a competitive commission so they will show your home.

How long will it take for my property to be listed on the MLS, once I sign up?

We will place your property on the MLS within 24 - 48 hours.

How long will my home be listed on the MLS?

Your home will be listed on the MLS until it is SOLD, unless otherwise you terminate your listing.

How many photos will you put on my listing?

Sellect Realty will display up to 12 photos on FMLS and up to 16 photos on GAMLS, free of charge to you.  These are the maximum number of photos allowed by the multiple listing services. Photos of the exterior and interior of your home will be taken by your Sellect Realty agent during the listing appointment. You may also submit your own favorite photos to Sellect Realty (all photos must be “horizontal” shots and approximately 600 pixels X 400 pixels in size).

Can I still sell my home "by owner" while it is listed on the MLS?

Yes.  Through our flat fee listing service, you enter into a contract with Sellect Realty called an Exclusive Right to Sell with Open Listing which gives you the right to sell your property yourself while your home is listed on the MLS.  With “traditional” brokerage agreements, you enter into an Exclusive Right to Sell contract and the broker is guaranteed to be paid the full commission, even if you found a buyer.

If I find my own buyer, do I pay any sales commission?

No, if you find a buyer not represented by an agent on your own, you pay no commission whatsoever.

Will my listing appear on other real estate company websites?

Yes.  Through a broker reciprocity system, Sellect Realty gives permission to all other Georgia real estate brokers and agents to display our listings on their websites, “Courtesy of Sellect Realty.”  Buyers can search on any real estate company website with online MLS listings on the Internet and find your home for sale.

Will my listing appear on Realtor.com?

Yes.  Only homes that are listed on the MLS may appear on Realtor.com, the largest consumers' national real estate website to search for homes on the market.

How do I determine the listing price for my home?

Your Sellect Realty listing agent will assist you in determining a listing price for your home. Your agent will prepare a Comparative Market Analysis (CMA) and suggest a price based on past sales and current competition in your neighborhood.

How much commission should I pay the buyer's agent?

It is totally up to you to decide on the commission.  Commission fees are not fixed and it is against the law for agents to demand a certain commission.  The vast majority of sellers, however, are offering to pay 3%.

How long should I expect my home to be on the market before it sells?

If your home is priced right and in good condition (the two most important factors), your home should sell quickly in a normal market.

How are showings arranged?  Who will call me to show my home?

Your MLS listing will give showing instructions to agents.  The most common showing instruction is “Courtesy Call Owner” and your phone number will be printed on the listing.  You will receive calls directly from agents.

How does a buyer with no agent contact me to see my home?

Any requests for home showings that Sellect Realty receives from buyers not represented by agents will be referred to you with their names and contact numbers.  Also, your flyers in the information box outside will have your phone number printed for buyers to call you directly.

Will Sellect Realty show my home to a buyer with no agent, if I can't?

Yes, Sellect Realty will show your home to a buyer not represented by an agent on your behalf, if you are not available (for instance, when you are away on vacation, on a business trip, or you and the buyer are unable to schedule a mutually convenient time).

Will Sellect Realty show my home to your buyers?

Yes.  We are licensed agents that represent buyers as well as sellers, so if your home meets our buyers’ criteria, we will show your home. 

May I advertise my home for sale on other real estate websites or in a newspaper at the same time my home is listed on the MLS?

Of course!  The more exposure the better!  Below are some samples of popular consumer real estate websites that Sellect Realty will post for you, free of charge.  Placing an ad in a newspaper can be expensive and you may end up getting nothing but calls from listing agents wanting you to list your home through them.

                          

                        

                               

                                             and MANY MORE!

 

How can I make changes to my listing?

Just notify your Sellect Realty agent of your changes at any time in writing (email acceptable).  Your agent will make any listing changes, including price change, revising the wording in your public remarks, etc., free of charge.

What if my needs change and I want to terminate my listing?

You may terminate your listing at any time for any reason by communicating to Sellect Realty in writing your termination request (email acceptable).  FMLS and GAMLS will charge you a withdrawal fee of $25 each. Sellect Realty does not charge you anything.

What if I want to transfer my listing to another real estate broker?

You can transfer your listing at any time but remember that your listing will end up on the same MLS system when you re-list with another real estate broker.  Almost 100% of the time, it is the buyers' agents who find your listing on the MLS and sell your home to a buyer and not the realty company that listed your property.  It is extremely rare for agents or buyers not to show or see a home based on the name of the realty company that listed a home.

Does Sellect Realty provide a "For Sale" yard sign?

Yes.  It is a professional real estate For Sale sign in a metal frame.

Whose phone number is on the "For Sale" yard sign?

Sellect Realty brokerage firm’s phone number is on the For Sale sign. The Georgia Real Estate Commission requires that a licensed brokerage firm display the name of its realty company and phone number on the sign.  Any calls we receive from buyers not represented by agents from the sign will be referred to you to give you the opportunity to sell “by owner” so that you will not have to pay any commission.

Do you provide a Brochure Box for flyers?

Yes.  It is an information box with a lid and stand.

Will you provide flyers?

We will provide flyer templates, free of charge, for you to make flyers yourself as well as a sample flyer for you to follow as a guide.  You may also create your own flyer with an original design. It will be your responsibility keep the information box filled with flyers. If you would like Sellect Realty to custom-design a master flyer for you, it is an optional marketing service for a fee.

Whose phone number is on the flyer?

Your phone number will be the one printed prominently on the flyer.  Potential buyers who drive by and pick up your flyer will call you directly.  It will give you the opportunity to sell “by owner” to a buyer not working with an agent and you will not have any commission to pay.

Do you provide a street directional sign?

Yes.  We provide the first one free of charge to you.

Do you provide a lockbox?

Yes.  An agent-access electronic lockbox that holds your door key securely inside is available to you for a one-time lease fee of $100.  You may use the lockbox for the entire time your home is listed for sale.  Sellect Realty will monitor your lockbox regularly to check dates, times, and names of agents who entered to show your home and their realty company names and contact numbers.  We highly recommend leasing a lockbox because the more accessible your property is to agents the better the opportunity to sell your home.  Sometimes a homeowner may feel apprehensive about the possibility of an agent showing up without notice with a buyer and enter the home using the lockbox. This situation can easily be avoided by keeping the lockbox inside the home until the homeowner receives a call from an agent and then the homeowner can set the lockbox outside next to the door in time for the agent’s visit.

Can I show my home by "Appointment Only?"

Yes.  However, the majority of agents do not like to show homes that are by “Appointment Only” because it is difficult to schedule it with the number of other homes that they show in a day.  For this reason, there is a possibility that if yours is by “Appointment Only,” agents may pass up on showing your home.

A better way is to select “Courtesy Call Owner” on your showing instructions to agents on your MLS listing.  Agents will usually give you a window of two hours on when they will arrive at your home.

Can I contact agents myself who have shown my home to get "feedback?"

Yes, as the seller you may, however, it will not be necessary for you to contact agents yourself if you lease an agent-access electronic lockbox.  Sellect Realty subscribes to a company that is capable of integrating feedback requests automatically through the electronic lockboxes.  Feedback from showing agents will be sent to you by email.  The service is free of charge to you.

Do you negotiate the contract?

Yes.  Your Sellect Realty agent who represents you will negotiate an offer directly with the buyer’s agent, on your behalf.  An offer will be sent in by fax or email to your agent who reviews the offer and presents it to you.  Your agent will discuss with you the best counter offer strategies and negotiate the contract for you.

What do I do if a buyer not working with an agent wants to make an offer?

You may negotiate with the buyer but do not sign anything until you have contacted your Sellect Realty agent to review the offer for you.  As your representative, your agent will assist you with the negotiations as well as provide all necessary contract forms, free of charge.  Your agent will not represent or advise the buyer.

Will you go to my closing?

Yes.  Even though you list through our flat fee service, we do not treat you any different from our higher commission paying clients.  We will work with you every step of the way, which includes representing you at the closing.  Other flat fee companies do not attend closings or charge between $150 - $300 for the service.

How can your Company charge so little and make any money?

We make it on “volume.”  Also, our flat fee service approach is to market your home in the most essential advertising venues only and not waste money on unnecessary advertising.

Where are you located?

Sellect Realty is a local company with its main office in Marietta, Georgia.  Our agents are located all around Metro Atlanta and they are familiar with many different areas and neighborhoods.  (Note:  Often, other flat fee brokers are national franchises and located out-of-state so that you do not receive real live agent support or you are assigned a local agent that may be an inexperienced or one that may give higher priority to a full-commission paying client).

How do I list my home with Sellect Realty?

Just go to "Listing Appointment" on the menu and fill out the easy form and submit.  Or, you may call us at 770-509-0265 to set up an appointment or send us an email to:  info@SELLectrealty.com

Do you also represent buyers?

Yes.  In fact, you can use your listing agent to be your buyer’s agent to help you find your next home and take advantage of our popular 1% Cash Back rebate program.