Listing Agents
[/vc_column_text][vc_separator align=”align_left” el_width=”20″][vc_row_inner css=”.vc_custom_1520659369491{padding-top: 10px !important;}”][vc_column_inner][vc_toggle title=”How does it work?” icon=”icon-plus”] <ul><li>The Listing Agent joins and configures their offer platform</li>
<li>Creates an Offer Landing Page for all their current listings</li>
<li>Places Offer Landing Page URL on the MLS under “Offer Instructions”</li>
<li>Buyers agent goes to this URL, which will take them to the Offer Landing page and they can submit their offer through the “Offer Token” button</li>
<li>Listing agent is notified via email that an offer has come in. They will authenticate the offer and “Confirm” it once authenticated. The offer input fields must mirror what’s in the RPA. This information will display on the Offer Landing page</li>
<li>Once “Confirmed”, the buyers will be notified if they are the highest offer and when they are out offered via email</li>
<li>Once “Confirmed”, a 24 hours count down clock will start or reset and start over</li>
<li>Once all offers have been submit and the clock has run out, the homeowner will either accept one of the offers or counter the ones they want</li>
<li>Until an offer is “Accepted” on the platform, offers will still be able to be submitted</li>
</ul>
Note 1: These are real offers, not bids, and downloadable from the listing agents account are of the offer platform as a PDF
Note 2: These offers are presented on the same forms your state association uses[/vc_toggle][vc_toggle title=”Can I sell my properties on the Smart Offer Platform?” icon=”icon-plus”]Yes, as long as you are a licensed real estate agent.[/vc_toggle][vc_toggle title=”In which states can I use this Smart Offer Platform?” icon=”icon-plus”]All 50 states. Please check with your local MLS to determine how to disclose on the MLS and post the link to the offer platform. Each MLS has different rules.[/vc_toggle][vc_toggle title=”How do I add a listing or upload my listing(s) onto The Smart Offer Platform?” icon=”icon-plus”]Adding your listing is very simple. Go to “Upload” on the top menu and follow the prompts:
1. Select Offer/Bidding Platform
2. Choose a Region and then a County
3. Click “Next”
4. Fill out the form fields with the listing information. Most of this can be copied, cut and pasted direct from your listing on the MLS.
5. The Listing Fields recommendations are as follows:
a. High Price Range and Low Price Range: This is the same number as your value range on the MLS. We recommend that according to NAR’s pricing pyramid.
b. Buy Now Price: This is if you want to bypass the offer process and place a number you would take right then and there
6. Upload Images
7. YouTube Video: If you have one
8. PDF Uploads: This is for information you would like the potential buyer to see as part of their due diligence process. Make sure not to upload any confidential information
9. Duration: This is the offer clock.[/vc_toggle][vc_toggle title=”How do I edit my listings?” icon=”icon-plus”]Simply go to the “Options” tab on the offer platform after you login to your listing. See picture below:
<a class=”lbp_primary cboxElement” title=”FAQs for Real Estate Agents” href=”http://houzbid.com/wp-content/uploads/2015/12/Test-Listing.png” rel=”lightbox[804]”><img class=”alignnone wp-image-879 size-medium” src=”http://houzbid.com/wp-content/uploads/2015/12/Test-Listing-300×214.png” sizes=”(max-width: 300px) 100vw, 300px” srcset=”http://houzbid.com/wp-content/uploads/2015/12/Test-Listing-300×214.png 300w, http://houzbid.com/wp-content/uploads/2015/12/Test-Listing.png 1023w” alt=”” width=”300″ height=”214″ /></a>[/vc_toggle][vc_toggle title=”Can I list my property on The Smart Offer Platform before it’s live on the local MLS?” icon=”icon-plus”]Yes, pocket listings or off-MLS properties are allowed as long as you have a signed Residential Listing Agreement (RLA).[/vc_toggle][vc_toggle title=”How do I determine the value range pricing strategy?” icon=”icon-plus”]This is up to the seller/owner, but we recommend in The Smart Offer Platform Method To Selling that you use the following:
Once you do the retail price evaluation, which is the top of your range, multiply this by 15-20% and this number will become your bottom range. The agent can provide the RVM, order an appraisal or a CMA to help the owner determine what a retail market value may be for their home and where to start to generate buyer interest.[/vc_toggle][vc_toggle title=”How do I market my listings on the offer platform?” icon=”icon-plus”]The way you normally do, but make sure you provide the URL to the offer platform where your listing is posted.[/vc_toggle][vc_toggle title=”I do I vet a Buyer or an offer?” icon=”icon-plus”]This is up to the agent. The Smart Offer Platform helps with requesting the buyers proof of funds (POF), which is a PDF document and a copy of their earnest money deposit (EMD) unless provided for in the pre-approval letter.[/vc_toggle][vc_toggle title=”How do I monitor my offer platform for the Seller?” icon=”icon-plus”]The Smart Offer Platform software system will do this for you by automatically notifying you via email when offers come in. In addition, our offer platform operates in real time, so you can always go online and monitor the activity on any devise that has internet connectivity.[/vc_toggle][vc_toggle title=”What is the commission for the Buyer’s agent?” icon=”icon-plus”]<span class=”s1″>The commission for the Buyer’s agent is indicated on the residential listing agreement (RLA).</span><span class=”s2″><span class=”Apple-converted-space”> We </span></span><span class=”s1″>do not regulate nor mandate commissions.</span>
Note: All forms, paperwork and processes are the same. The offer platform is just a means in which you can bring in some transparency, efficiency and allow buyers to make smart offers instead of blind offers.[/vc_toggle][vc_toggle title=”How long does the offer clock last?” icon=”icon-plus”]24 Hours and is refreshed upon every new confirmed legitimate offer.[/vc_toggle][vc_toggle title=”What are the benefits for my sellers?” icon=”icon-plus”]
<ol>
<li>The Smart Offer Platform is an efficient system that can bring a Buyer and A Seller together to agree on a price in a very shot time frame.</li>
<li>A system that puts your home in the best opportunity to create multiple offers</li>
<li>Multiple offers combined with transparency can create an environment for the best price for your home</li>
<li>You will never need to lower your price if your agent uses our pricing strategy</li>
</ol>
[/vc_toggle][vc_toggle title=”What are the benefits for my buyers?” icon=”icon-plus”]The Smart Offer Platform software system will do this for you by automatically notifying you via email when offers come in. In addition, our offer platform operates in real time, so you can always go online and monitor the activity on any devise that has internet connectivity.[/vc_toggle][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row top_margin=”0″ bottom_margin=”0″ css=”.vc_custom_1520659582232{padding-top: 20px !important;}”][vc_column][vc_column_text]
Buyers Agent
[/vc_column_text][vc_separator align=”align_left” el_width=”20″][vc_row_inner css=”.vc_custom_1520659369491{padding-top: 10px !important;}”][vc_column_inner][vc_toggle title=”How does it work?” icon=”icon-plus”] <ul><li>Buyers agent goes to the Offer Landing Page</li>
<li>To submit an offer, simply go to “Offer Token” button</li>
<li>Only current and valid licensees can submit offers</li>
<li>Buyers agent inputs and submits their name, real estate license number, etc.</li>
<li>Smart Real Estate Tools, Inc. will confirm that they have a valid license</li>
<li>Once confirmed, Buyers agent will receive an email that they have been confirmed and a link to their offer submission form. Here they will fill out the input fields and upload 3 PDF documents:
<ol>
<li>Their source of down payment</li>
<li>Proof of funds or loan pre-approval</li>
<li>Signed Resident Purchase Agreement (RPA)</li>
</ol>
</li>
<li>Once submitted, they listing agent will authenticate the offer and all looks good, will “Confirm” the offer and a 24 hour count down clock will start or be reset</li>
<li>At this point you will:
<ol>
<li>Be notified via email if you are the highest offer</li>
<li>Be notified via email if you have been out offered</li>
<li>Be able to view your listings to see if you are ranked by price in the top three and view how your terms compare to the other offers</li>
</ol>
</li>
</ul>
Note 1: You can resubmit and change your offer at any time as long as their is time left on the offer clock.
Note 2: You can always submit offers outside of the Offer Platform, but you will not know if your offers are competing with the other offers that have been or that will be submitted.[/vc_toggle][vc_toggle title=”Can I sell my properties on the Smart Offer Platform?” icon=”icon-plus”]Yes, as long as you are a licensed real estate agent.[/vc_toggle][vc_toggle title=”In which states can I use this Smart Offer Platform?” icon=”icon-plus”]All 50 states. Please check with your local MLS to determine how to disclose on the MLS and post the link to the offer platform. Each MLS has different rules.[/vc_toggle][vc_toggle title=”How do I add a listing or upload my listing(s) onto The Smart Offer Platform?” icon=”icon-plus”]Adding your listing is very simple. Go to “Upload” on the top menu and follow the prompts:
1. Select Offer/Bidding Platform
2. Choose a Region and then a County
3. Click “Next”
4. Fill out the form fields with the listing information. Most of this can be copied, cut and pasted direct from your listing on the MLS.
5. The Listing Fields recommendations are as follows:
a. High Price Range and Low Price Range: This is the same number as your value range on the MLS. We recommend that according to NAR’s pricing pyramid.
b. Buy Now Price: This is if you want to bypass the offer process and place a number you would take right then and there
6. Upload Images
7. YouTube Video: If you have one
8. PDF Uploads: This is for information you would like the potential buyer to see as part of their due diligence process. Make sure not to upload any confidential information
9. Duration: This is the offer clock.[/vc_toggle][vc_toggle title=”How do I edit my listings?” icon=”icon-plus”]Simply go to the “Options” tab on the offer platform after you login to your listing. See picture below:
<a class=”lbp_primary cboxElement” title=”FAQs for Real Estate Agents” href=”http://houzbid.com/wp-content/uploads/2015/12/Test-Listing.png” rel=”lightbox[804]”><img class=”alignnone wp-image-879 size-medium” src=”http://houzbid.com/wp-content/uploads/2015/12/Test-Listing-300×214.png” sizes=”(max-width: 300px) 100vw, 300px” srcset=”http://houzbid.com/wp-content/uploads/2015/12/Test-Listing-300×214.png 300w, http://houzbid.com/wp-content/uploads/2015/12/Test-Listing.png 1023w” alt=”” width=”300″ height=”214″ /></a>[/vc_toggle][vc_toggle title=”Can I list my property on The Smart Offer Platform before it’s live on the local MLS?” icon=”icon-plus”]Yes, pocket listings or off-MLS properties are allowed as long as you have a signed Residential Listing Agreement (RLA).[/vc_toggle][vc_toggle title=”How do I determine the value range pricing strategy?” icon=”icon-plus”]This is up to the seller/owner, but we recommend in The Smart Offer Platform Method To Selling that you use the following:
Once you do the retail price evaluation, which is the top of your range, multiply this by 15-20% and this number will become your bottom range. The agent can provide the RVM, order an appraisal or a CMA to help the owner determine what a retail market value may be for their home and where to start to generate buyer interest.[/vc_toggle][vc_toggle title=”How do I market my listings on the offer platform?” icon=”icon-plus”]The way you normally do, but make sure you provide the URL to the offer platform where your listing is posted.[/vc_toggle][vc_toggle title=”I do I vet a Buyer or an offer?” icon=”icon-plus”]This is up to the agent. The Smart Offer Platform helps with requesting the buyers proof of funds (POF), which is a PDF document and a copy of their earnest money deposit (EMD) unless provided for in the pre-approval letter.[/vc_toggle][vc_toggle title=”How do I monitor my offer platform for the Seller?” icon=”icon-plus”]The Smart Offer Platform software system will do this for you by automatically notifying you via email when offers come in. In addition, our offer platform operates in real time, so you can always go online and monitor the activity on any devise that has internet connectivity.[/vc_toggle][vc_toggle title=”What is the commission for the Buyer’s agent?” icon=”icon-plus”]<span class=”s1″>The commission for the Buyer’s agent is indicated on the residential listing agreement (RLA).</span><span class=”s2″><span class=”Apple-converted-space”> We </span></span><span class=”s1″>do not regulate nor mandate commissions.</span>
Note: All forms, paperwork and processes are the same. The offer platform is just a means in which you can bring in some transparency, efficiency and allow buyers to make smart offers instead of blind offers.[/vc_toggle][vc_toggle title=”How long does the offer clock last?” icon=”icon-plus”]24 Hours and is refreshed upon every new confirmed legitimate offer.[/vc_toggle][vc_toggle title=”What are the benefits for my sellers?” icon=”icon-plus”]
<ol>
<li>The Smart Offer Platform is an efficient system that can bring a Buyer and A Seller together to agree on a price in a very shot time frame.</li>
<li>A system that puts your home in the best opportunity to create multiple offers</li>
<li>Multiple offers combined with transparency can create an environment for the best price for your home</li>
<li>You will never need to lower your price if your agent uses our pricing strategy</li>
</ol>
[/vc_toggle][vc_toggle title=”What are the benefits for my buyers?” icon=”icon-plus”]The Smart Offer Platform software system will do this for you by automatically notifying you via email when offers come in. In addition, our offer platform operates in real time, so you can always go online and monitor the activity on any devise that has internet connectivity.[/vc_toggle][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row top_margin=”0″ bottom_margin=”0″ css=”.vc_custom_1520659596362{padding-top: 60px !important;}”][vc_column][vc_column_text]
Brokers
[/vc_column_text][vc_separator align=”align_left” el_width=”20″][vc_row_inner css=”.vc_custom_1520659380151{padding-top: 10px !important;}”][vc_column_inner][vc_toggle title=”What does the membership come with?” icon=”icon-plus”] <ol><li>Full access to the Offer Platform software. Upload unlimited listings</li>
<li>Tutorial videos and educational material</li>
<li>Listing presentations you can make your own</li>
<li>Brandable unique URL landing page for each listing. Add your picture and logo</li>
</ol>
[/vc_toggle][vc_toggle title=”What are the steps to getting started?” icon=”icon-plus”] <ol>
<li>Join the Premium Membership. <a href=”http://www.thesmartofferplatform.com/product/premium-membership/”>Click Here</a> if you have not joined yet</li>
<li>Set up the Offer Platform software: Create an account and go through the how to turorials. You can access the Offer Platform software through your Account Dashboard. To go to your Account Dashboard <a href=”http://www.thesmartofferplatform.com/my-account/”>Click Here</a></li>
<li>Upload your listings and follow our methods accordingly</li>
</ol>
[/vc_toggle][vc_toggle title=”In which states can I use The Smart Offer Platform?” icon=”icon-plus”]All 50 states. Please check with your local MLS to determine how to disclose on the MLS and post the link to the offer platform. Each MLS has different rules.[/vc_toggle][vc_toggle title=”How do I upload my listings to The Smart Offer Platform?” icon=”icon-plus”]Yes, as long as you are a licensed real estate agent.[/vc_toggle][vc_toggle title=”How do I edit my listings?” icon=”icon-plus”]Simply go to the “Options” tab on the offer platform after you login to your listing. See picture below:
<a class=”lbp_primary cboxElement” title=”FAQs for Real Estate Agents” href=”http://houzbid.com/wp-content/uploads/2015/12/Test-Listing.png” rel=”lightbox[804]”><img class=”alignnone wp-image-879 size-medium” src=”http://houzbid.com/wp-content/uploads/2015/12/Test-Listing-300×214.png” sizes=”(max-width: 300px) 100vw, 300px” srcset=”http://houzbid.com/wp-content/uploads/2015/12/Test-Listing-300×214.png 300w, http://houzbid.com/wp-content/uploads/2015/12/Test-Listing.png 1023w” alt=”” width=”300″ height=”214″ /></a>[/vc_toggle][vc_toggle title=”Can I list my property on The Smart Offer Platform before it’s live on the local MLS?” icon=”icon-plus”]Yes, pocket listings or off-MLS properties are allowed as long as you have a signed Residential Listing Agreement (RLA).[/vc_toggle][vc_toggle title=”How do I determine the value range pricing strategy?” icon=”icon-plus”]<strong>Bottom of Range:</strong>
According to the NAR Pricing Pyramid, how you price your home dictates the size of your buying pool. If you want to generate multiple offers, it makes sense to attract the largest buying pool possible. NAR says that if you price your listing 15% below market value, you will attract 90% of the buying pool. However, no owner wants to discount their house, because there was no tool that could drive the price, unless it was an auction, until now! You are now able to leverage our Offer Platform, like an auction, to list low, maximize the buying pool, generate multiple offers, and create competition to reach a fair price for both parties in a very short time frame.
<strong>Minimum Acceptable Price (MAP):</strong>
The MAP is what the Broker/Agent and the Owner need to agree on ahead of time. This price is what the Owner will be willing to accept as a minimum price. In order to come to a MAP, we recommend getting an appraisal or looking at the fair market value through your Comparative Market Analysis (CMA). The MAP is usually at the top of the market value.
<strong>Top of Range:</strong>
Once the MAP is established and if you can justify through the local sold comparables, we recommend adding in some incentives like a new car or the staged furniture. The value of the incentives plus the MAP is the top of your range.
This is now possible due to the transparency of our Offer Platform. As we rank offers, buyers are notified when they are out offered and motivated to up their offer in order to keep their offer competitive. This is up to the seller/owner, but we recommend in The Smart Offer Platform Method To Selling that you use the following:
Once you do the market price evaluation, which is the top of your range, multiply this by 15-20% and this number will become your bottom range. The agent can provide the RVM, order an appraisal or a CMA to help the owner determine what a retail market value may be for their home and where to start to generate buyer interest.[/vc_toggle][vc_toggle title=”How do I market my listings on the offer platform?” icon=”icon-plus”]The way you normally do, but make sure you provide the URL to the offer platform where your listing is posted.[/vc_toggle][vc_toggle title=”How do I vet a Buyers offer?” icon=”icon-plus”]This is up to the agent. The Smart Offer Platform helps with requesting the buyers proof of funds (POF), which is a PDF document and a copy of their earnest money deposit (EMD) unless provided for in the pre-approval letter.[/vc_toggle][vc_toggle title=”How do I monitor my offer platform for the Seller?” icon=”icon-plus”]The Smart Offer Platform software system will do this for you by automatically notifying you via email when offers come in. In addition, our offer platform operates in real time, so you can always go online and monitor the activity on any devise that has internet connectivity.[/vc_toggle][vc_toggle title=”What is the commission for the Buyer’s agent?” icon=”icon-plus”]<span class=”s1″>The commission for the Buyer’s agent is indicated on the residential listing agreement (RLA).</span><span class=”s2″><span class=”Apple-converted-space”> We </span></span><span class=”s1″>do not regulate nor mandate commissions.</span>
Note: All forms, paperwork and processes are the same. The offer platform is just a means in which you can bring in some transparency, efficiency and allow buyers to make smart offers instead of blind offers.[/vc_toggle][vc_toggle title=”How long does the offer clock last?” icon=”icon-plus”]24 Hours and is refreshed upon every new confirmed legitimate offer.[/vc_toggle][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row top_margin=”0″ bottom_margin=”0″ css=”.vc_custom_1520659677772{padding-top: 60px !important;padding-bottom: 80px !important;}”][vc_column][vc_column_text]
General
[/vc_column_text][vc_separator align=”align_left” el_width=”20″][vc_row_inner css=”.vc_custom_1520659392748{padding-top: 10px !important;}”][vc_column_inner][vc_toggle title=”How do I submit an offer on the a property listing on the offer platform?” icon=”icon-plus”]Only Agents can submit offers. If you don’t have an agent yet, we can help you with finding one that is certified in the Smart Offer Platform and are experts in the offer submission process.Each listing on the Smart Offer Platform has a Token Button that links the agent to the easy offer submission steps. The purpose for the Token is to verify that a real agent is submitting the offer.
Typically, there is a link on the MLS showing instructions that will take you to the offer platform and the button for the Token.[/vc_toggle][vc_toggle title=”What is the 24 hour offer clock?” icon=”icon-plus”]The offer clock is the 24 hour period the seller has to accept, reject or counter the current offers that have been submitted online.[/vc_toggle][vc_toggle title=”Does the listing agent need to approve the buyers offers in order to be viable?” icon=”icon-plus”]Yes, and the “Confirmed” status on the offer platform is acknowledgement that the offer is legitimate and is able to be considered by the seller.[/vc_toggle][vc_toggle title=”Can I place an offer below the current high offer?” icon=”icon-plus”]Yes, our software system will show the highest top 3 offers. If you are below the top 3 offers, then your offer will not been shown online. Even if you are not the highest offer, the offer platform will show other general terms like if it is an “All Cash” offers or contingent in some way, etc.[/vc_toggle][vc_toggle title=”What happens if someone out-offers my client right before the 24 hour time period (offer clock) ends?” icon=”icon-plus”]The Offer Clock resets upon every new offer submitted. Technically, this is not an auction and the Seller will choose the best offer, not the highest priced offer.[/vc_toggle][vc_toggle title=”What is the winning offer?” icon=”icon-plus”]It’s the offer that has been confirmed as legitimate and the one that the sellers have accepted.
An “approved offer” is one that has been submitted by a licensed real estate agent, that can verify proof of down payment or funds for purchase and or have a valid loan pre-approval.[/vc_toggle][vc_toggle title=”Bid vs. Offer” style=”arrow” color=”blue” icon=”icon-plus”]Other platforms generate “Bids”. This is good, but the bid is not an offer. This means that a winning bid will still need to be turned into a real offer. There is risk involved with this, since there is nothing ratified. The Smart Offer Platform generates real offers that are vetted prior to “Confirmation” status on the Offer Platform. This means that once the offer is in, the Seller can ratify and enter into escrow immediately.[/vc_toggle][vc_toggle title=”Transparency” style=”arrow” color=”blue” icon=”icon-plus”]Transparency is important, but too much transparency can be contraindicated to the fiduciary that is between the Seller and the Listing Agent. An example of this is showing the price of each offer. Showing the price may not be in the best interest of the Seller and this is why The Smart Offer Platform “Ranks” the top 3 offers by indicating the highest offer by a “Check Mark” on the offer platform. Knowing this information does not give up your fiduciary, but rather allows the Buyer to know if their offer is “price competitive” and can resubmit a stronger offer if they feel they need to. This kind of transparency allows the Buyer the opportunity to compete and present the smartest offer possible![/vc_toggle][vc_toggle title=”Cost” style=”arrow” icon=”icon-plus”]Our fees are the most affordable you may find. Some platforms charge upwards of $500 per transaction. Our subscription monthly fee of $59 per month allows unlimited listing uploads, and you may end up generating some buyer and seller leads as well.[/vc_toggle][vc_toggle title=”Who do we work with?” icon=”icon-plus”]The Smart Offer Platform is for real estate professionals use only. However, Buyers and Sellers can share this tool with their Broker / Agent or contact the Listing Agent on the home they are interested in, who is a trained and qualified expert in the use of The Smart Offer Platform.
<ul>
<li>Any Buyer who is looking to own a home and who wants to make an offer</li>
<li>Any real estate agent who has listings on the MLS</li>
<li>Any Seller who would like to use one of our qualified Smart Offer Platform agents to list their home</li>
</ul>
[/vc_toggle][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row fullwidth=”yes” top_margin=”0″ bottom_margin=”-80″ css=”.vc_custom_1520659840684{padding-top: 80px !important;padding-bottom: 60px !important;}” background_color=”#01557f”][vc_column][vc_column_text]