How It Works
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How It Works
Welcome to List.RE, your go-to platform for simplified real estate transactions. Making the sale the purchase of real estate more transparent and enjoyable for all involved.
Here's how it works:
FOR BUYERS
To get started, create a free account, and get approved to bid with your credit card (no charge, just an authorization) or by submitting either a pre-approval letter (for a loan) or proof of funds (all-cash). You can bid yourself or you can have a real estate agent bid on your behalf.
Once you are approved, you can bid on properties in $1,000 increments. You can even set your own maximum bids which automatically increase by $1,000 over the next highest bid until your maximum bid is reached.
If there's a bid in the last 10 minutes, then bidding will be extended by an additional 15 minutes. This allows all bidders to have a fair chance at making their highest bid.
Just remember, there's a 2.5% Buyer Service Fee added to the highest bid amount. The total of the highest bid amount plus the 2.5% Buyer Service Fee is what determines the Final Offer Price. This fee covers the cost of using the List.RE service and helps pay your real estate agents commission.
Winners need to submit their offer within 24 hours of winning. It's the listing agent's job to ensure everything's accurate and follow up with bidders. All written offers must be submitted to the listing agent.
KEEP IN MIND, Sellers are not obligated to accept any offers made. They have the right to accept, counter, or reject any offers made regardless of the Final Offer Price.
For more details, check out our terms of service and privacy policies. Happy bidding!
FOR SELLERS
Do you want a faster paced home sale without the hassle of people you don’t know wandering through your home? Do you want to sell your home for a fair market price while also creating tons of demand and options for yourself?
Then List.RE is the solution for you!
The traditional real estate model puts a makes it much more difficult for sellers to enjoy the home selling process. Not only do they have to dictate the right listing price and marketing for their home, but they are bombarded with people they don’t know asking to see the home at any given time. This can be extremely frustrating and is typically not enjoyable.
With List.RE we have revamped the way to sell your home. Check out how List.RE compares to a traditional listing:
| List.RE Listing | Traditional Listing |
|---|---|
| Minimum 10-Day Listing Contract | Typically, a 3-6 month listing contract |
| 3.5% Total Commission Paid by Seller | 5-7% Total Commission Fee paid by Seller |
| No Random Showing Times | Random Showing Times |
| Price attracts buyers | Price may scare buyers |
| Only clean home for open houses | Must keep home tidy 24/7 |
| Only 1-3 Open Houses Needed | Dependent on Marketing |
| Not dependent on marketing (starting price is your marketing!) | Smaller Buyer Pool |
| Larger Buyer Pool |
By starting the bidding on your property at lower price, List.RE can quickly attract the attention of buyers in your area and convert them into bidders on your home. Make is easier on yourself and save nearly 50% on commissions at the same time!
Instead of constantly cleaning your home waiting for the next showing to happen, you could be watching the live bidding taking place on your property from the comfort of your own living room.
With List.RE, you still get to use your preferred real estate agent to represent and guide you through the process. Together, you get the personal service of your agent and the power of technology to bring you the best offer on your home in the least amount of time.
Click here for additional information about selling your home with List.RE (Think link takes user to a seller specific contact us page)
FOR AGENTS
Over time the real estate market is changing. Sellers want to pay less commission, sell their homes faster, and for more money. Not only that, but sellers want to sell their homes in the most convenient way possible. To do this with traditional listings can be very difficult, expensive, and nearly impossible to scale.
Not with List.RE!
With List.RE you can offer a whole new way to deliver these results for your sellers WITHOUT discounting your commission.
The List.RE model charges the buyer a 2.5% Service Charge Fee which then is used to help pay for the buyer’s agent commission and the List.RE service fees. This way your seller does not have to pay the total amount of commission out of pocket. With a typical 6% listing the seller only pays 3.5% total commission. The buyer and seller cover the cost of using the List.RE platform making the transaction even more fair and transparent.
Commission breakdown of typical 6% listing: 3% to Listing Agent + 2% to Buyers Agent + 1% to List.RE = 6% total commission
Not only do you still make the same amount of money as a listing agent, but your sellers only need a 10-day minimum listing contract, a few open houses, and they will get to watch buyers make bids on their property from the comfort of their home. By pricing the home below the typical market value, we attract buyers to bid and naturally create competition around the property. In addition, a List.RE open house typically draws 80-100 buyers, which you can convert to your own leads.
Think of the amount of business you can generate by offering this new way to list property. By offering this cutting-edge process you give your sellers the exact results they hope for!