Selling Your Home - Frequently Asked Questions
How do I ...
Sign up to sell my
home through HomeYeah?
Access my personal
account?
Contact my
Realtor®?
Top 5... questions
How does HomeYeah's services
compare to traditional brokerages?
Do I sacrifice
personal service by using HomeYeah?
What's the catch...
Why do I keep more equity with HomeYeah?
What are HomeYeah's success
rates?
Other frequently asked questions
Am I locked into a
6-month contract?
What if I'm moving
out of state?
What is the Multiple
Listing Service (MLS)?
What is a Buyer
Agent Commission (BAC)?
Can I use HomeYeah's Realtor®
services only?
How do I sign up to sell my home through HomeYeah?
In the
seller's section of the website, select "Sell your house now". Read about the services provided by HomeYeah!com and
then select the "order now " button. After you fill out
pertinent information, you will be issued a password to "MyHomeYeah". Once within "MyHomeYeah", you will be able to create your listing on our marketplace, load your
pictures, create flyers, etc. In the meantime, HomeYeah's staff
will create your personal listing kit and your Realtor® will follow-up
with an initial consultation. If you have any trouble during the process, feel
free to call our office to speak with a licensed Realtor® or customer service.
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How do I access my personal account?
Once you have
signed up for one of HomeYeah's selling programs, simply go to the MyHomeYeah button located at
the top of each page. Once you sign in, you will have access to your selling
information and transaction status.
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How do I contact my Realtor®?
Your HomeYeah Realtor®
will be available for contact by office phone, mobile phone, text messaging, email, and/or fax. Once you sign up to list your home, you will be
provided with contact information for your Realtor®. Or, you may call the HomeYeah local office to contact a
Realtor®.
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How does HomeYeah's services compare to those provided
by traditional agents?
HomeYeah's licensed Realtors® are able to match traditional
agents in terms of consultation, marketing, and transaction assistance. However,
HomeYeah Realtors® offer some advantages traditional agents cannot provide. Compare the
difference
| |
HomeYeah Agents |
Traditional Agents |
| Fee-Based Selling Services |
Yes |
|
| State Licensed Real Estate Professionals |
Yes |
Yes |
| Listing on the Local and Multiple Listing Service (MLS) |
Yes |
Yes |
| Schedules Showings with Buyer Agents |
Yes |
Yes |
| Assistance with the Contract/Transaction and Attend the Closing |
Yes |
Yes |
| Online Listing and Contract/Transaction Management |
Yes |
|
| Online Buying and Contract/Transaction Management |
Yes |
|
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Do I sacrifice personal service by using
HomeYeah?Absolutely not. When you sign up with HomeYeah, you will be assigned a Realtor®
that works specifically in your area. If you have questions or need assistance,
your Realtor® or a member of his or her real estate team will be available.
Additionally, through MyHomeYeah, you will be able to obtain information regarding your
home sale 24 hours a day.
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What's the catch... Why do I keep more equity
with HomeYeah?
There is no catch. Most real estate companies offer a set commission. With HomeYeah, you have the choice of listing and selling your home on the MLS without losing 5% - 7% of its value. Traditional agents will
not reduce their commission structure, although the time and effort of selling a $100,000 home and a $1,000,000 home is almost the same. By providng
you our flat-fee option, you retain more equity. It's that
simple.
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What are HomeYeah's success rates?
Since 1997,
more than 2000 homes listed on HomeYeah.com have sold. Our statistics match and often surpass
traditional real estate companies. The primary reason is that, because sellers are
able to keep more equity with HomeYeah, they have more flexibility in terms of
setting a fair market listing price and/or negotiating a selling price with a buyer.
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Am I locked into a 6 month contract?
Most
traditional real estate agents will require that you sign a 6-month contract to
sell your home. HomeYeah allows our listing clients to choose between a 4-month contract and a 6-month contract.
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What if I'm moving out of state?
No
problem. Many sellers have sold their home even when they have been out of the
state. Your HomeYeah Realtor® can manage your home sale and will schedule the showings for you. Once an
offer is made, your Realtor® will work with you to negotiate the sale. You
Realtor® can even represent you at closing through a power of attorney.
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What is the Multiple Listing Service
(MLS)?
The Multiple Listing Service (MLS) is broadly defined as a proprietary
database of home listings within a local market offered by a local Board of
Realtors®. The local Board's agent members (Realtors®) use the database to
announce homes for sale and help buyers find homes to purchase (buyer agency).
In most instances, to place a home on the MLS database, you must be a member of
the Board of Realtors® or list your home with a member of the local Board. Once
the home is listed on the MLS, every other member of the Board is required to
make best efforts to match homes consistent with their buyer's criteria.
Anti-trust laws prohibit a local Board from dictating to its members what
fees or commissions can be charged with respect to placing a listing on the MLS.
However, generally speaking, most Realtors® will charge a commission to the
seller once the home is sold (usually 5-7%). Half of the commission charge
(2.5-3.5%) may be given to the other member (or buyer's agent) who identifies a
buyer for the home.
HomeYeah is a member of the local Board of Realtors® in each market it operates.
charges a flat fee to any seller that would like to place his or her home on the
MLS. However, will require the seller to commit to paying a buyer's agent
commission to the Realtors® representing the buyer purchasing the home.
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What is a Buyer Agent Commission (BAC)?
The Buyer Agent
Commission (BAC) is the fee received by a Realtor® representing a buyer who purchases a home listed on the MLS. HomeYeah will require the seller to commit to paying a Buyer Agent
Commission (BAC) to the Realtor® representing the buyer who purchases the home. Also see
"What is the Multiple
Listing Service (MLS)" above.
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Can I use HomeYeah's Realtor® services only?
Yes.
If you have already found a buyer and do not need marketing assistance, you may
contact a HomeYeah Realtor® to help you with the transaction for a reduced flat fee.
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