1. Why did you choose to put the fees on the seller side? You say its 0 commission, but really its a flat fee commission on the seller. This is fine, just curious why not split? Makes it an unpleasant surprise for the seller.
2. It would be good if you be more upfront on where your service is active. Maybe during signup. I made an account just to find out you can't serve me. Double whammy
3. Its not really clear what sellers get from the platform besides flat fee commission
Overall cool site. I'm always for innovation in real estate space. My experience home buying was super annoying.
Thanks for your questions they are good questions. Here are the answers: 1. We debated your question. There are several factors that influenced it but the major factor is the seller is paying $995 + a photographer and a home inspection so depending on where you live and the size of your home another $800 to $1500 say $2000. On a $500k home the seller saves $28,000! The other reason is the seller wants to make the home easy to buy. The low friction homes sell faster and for more money. We are hopeful buyers will recognize this and gravitate to PropBox. 2. good point. We can fix it. Were you in the process of signing up? send me an email and let me learn more - maybe we can add a state. no promise but I'd like to know more.3.The seller will have little stress, they are safer, they are far less likely to be litigated against, it is easy. Thanks for your comments and questions
>> but really its a flat fee commission on the seller
No, it's nothing like a commission. It's a fee due whether the house sells or not.
Basically FSBO sellers decide where,and how much, to spend their marketing dollars. Of course related-party transactions have no marketing costs at all, but the rest figure they can market themselves for less than the commission.
1. Why did you choose to put the fees on the seller side? You say its 0 commission, but really its a flat fee commission on the seller. This is fine, just curious why not split? Makes it an unpleasant surprise for the seller.
2. It would be good if you be more upfront on where your service is active. Maybe during signup. I made an account just to find out you can't serve me. Double whammy
3. Its not really clear what sellers get from the platform besides flat fee commission
Overall cool site. I'm always for innovation in real estate space. My experience home buying was super annoying.