Resources & Frequently Asked Questions
Service Options FAQ
Q: Why would I select the Savvy Saver Option?
A: Savvy Saver is a great choice for a home owner that knows their home, neighborhood, and community really well. They live in a home, neighborhood, and/or community where homes are selling quickly with little to no marketing needed to sell the home. This home owner works from home, is retired (semi-retired), or otherwise always available to take calls from buyer agents to schedule private showings, answer questions, and negotiate the terms of selling their home.
Q: Why would I select the Elite Saver Option?
A: Elite Saver is a great choice for a home owner that similar to Savvy Saver, they know their home, neighborhood, and community really well and know; however they feel that homes are not selling quickly so marketing will be needed to sell their home. This is also a good option for neighborhoods that do not allow signs and online and print marketing is the primary way homes are selling. Elite Savers are home owners that do not have the free time to always be available to take calls from buyer agents to schedule private showings, answer questions, and appreciates having all this handled for them. Also, the option to have someone review their home to assist with what might be needed to get the highest price for their home, is the perfect fit for them. Lastly having someone available to answer any and all questions, review offers submitted, and explain the ins and out of everything is important for home owners selecting this option.
Q: Why would I select the Full Consultant Option?
A: Full Consultant is a great choice for a home owner that wants to pay less to list their home, but wants all the services and skills it takes to sell their home. They live in a home, neighborhood, and/or community where homes may not be selling quickly and marketing is most likely needed to sell their home. This home owner does not have the free time to always be available to take calls from buyer agents to schedule private showings, answer questions, and appreciates having all this handled for them. They like having the option for someone with experience to review their home and assist with what might be needed to get the highest price for their home. Also, having a professional handle the negotiations, review the contract terms, schedule the inspections, deal with anything that might be found during the inspection, assist with the appraisal process, and basically give advice/guidance throughout the entire process is what is right for them.
Q: What if I cannot decide what Service Option is best for me?
A: If you select a Savvy Saver option and later decide you need an Elite Saver or even a Full Consultant, you can upgrade at any time. If you need more information or just want to chat about Real Estate, you can reach out to me by phone, text, or email at any time. Perhaps you want to meet in person to get comfortable with me and what I can provide to you, just reach out and we can schedule an in-person meeting at Starbucks or Panera. Lastly, if you simply want to learn more, sign up for emails from me and continue to learn about what I offer and what is out there when it comes to buying and selling real estate.
Q: Once I have purchased a listing Service Option, what happens next?
A: You’ll receive an email with receipt of your order along with further instructions to setup your listing. Listing paperwork will come through a system called “DotLoop” and all other information will be directly from me at Tara@HindsonRealty.com. Once you have completed the required listing setup paperwork, please allow 1 business day for everything to be entered into the appropriate systems. Lastly, once everything is entered and ready to go live, you will receive another email through DotLoop with a copy of the listing. This is when it is important to pause and take time to review your listing carefully to make sure everything is correct and to your liking. You will sign off on this for final approval for your listing to go live.
Q: Are you able to list my home anywhere?
A: Service options are only available to sellers with a home in one of the following counties: Alachua, Baker, Bay, Bradford, Brevard, Broward, Calhoun, Charlotte, Citrus, Clay, Collier, Columbia, Dade, DeSoto, Dixie, Duval, Escambia, Flagler, Franklin, Gadsden, Gilchrist, Glades, Gulf, Hamilton, Hardee, Hendry, Hernando, Highlands, Hillsborough, Holmes, Indian River, Jackson, Jefferson, Lafayette, Lake, Lee, Leon, Levy, Liberty, Madison, Manatee, Marion, Martin, Monroe, Nassau, Okaloosa, Okeechobee, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Putnam, Santa Rosa, Sarasota, Seminole, St. Johns, St. Lucie, Sumter, Suwannee, Taylor, Union, Volusia, Wakulla, Walton, Washington.
Q: Why do I need to offer a buyer commission?
A: When a home is listed in the Multiple Listing Service (MLS), the listing broker discloses the terms of the commission to other cooperating brokers, so they know what compensation is offered before they bring their buyers to the listing. If no compensation is provided to buyer agents, the property cannot be placed in the MLS. Note: You can offer a % or $ amount. See Resources - Commissions for additional information about how commissions work.
Q: Do I need to sign anything to list my home?
A: A listing agreement is required to list your home. This agreement outlines the terms of the sale of your home. You will decide not only the sale price, buyer financing terms, but you'll give permission to place your home on MLS with full or partial syndication and provide compensation to buyer agents.
Q: What happens when I get an offer to purchase my home?
A: When you get an offer on your home, you will need to review each point of what the buyer has sent. I know you'll want to go right to the offer price, but also pay attention to financing they will use (if any), closing cost items such as credits, the earnest money deposit, proposed closing date, any inspections, and additional consideration like a home sale contingency or post settlement occupancy. Note - if you have purchased the Full Consultant or Elite Saver option I will explain and walk through each piece with you when the offer comes in to us. Full Consultant or Elite Saver customers will utilize me for receiving and responding to offers and have full access to me for questions and guidance throughout this process. If you go with Savvy Saver option, as you feel you can do this part on your own, there are some tips in the seller guide I share and you can always seek advice from an attorney or title company.
Q: What does sale pending on my listing mean?
A: Once you have reached an offer price and terms where you agree with all the additional considerations, you will accept the offer by signing and dating it. This is when the offer becomes a ratified contract. You now enter into a contingency period where all the inspections, appraisals, escrow deposits, and financing occur. Everything will start moving toward a closing date for a successful sale and transfer of ownership, which is typically performed by a title company or a law firm.
Q: What do I get for my closing flat fee of 1%?
A: Once you have a ratified contract, there will be a lot of paperwork leading you up to and through closing. I will handle this process for you and supply you with all the information you need for a smooth closing. Similar to the listing process, you will receive the required documents in DotLoop. I will also provide you with a Seller Net Proceeds Estimate (SNPE) to help you understand the costs and fees based on your sales price and closing date. If you do not close on your home, this closing flat fee along with any of the other closing related fees are not charged. See All Fees for more information.
Q: What do all those listing statuses mean?
A: There are several statuses your home can be placed in once your listing has been entered in the MLS. Here is an explanation of each: Active | property is on the market and available for sale. Closed | property has sold. Pending | property has an accepted offer. Expired | property is no longer active due to listing agreement expiration date. Temporarily Off Market | Home is not currently for sale, but will be up for sale again. Withdrawn | property has been withdrawn from market and is no longer for sale.
Listing Time Frames
Q: What are the time frames for listing my home?
A: Once you have selected and paid for the Service Option that best fits your needs, the listing time frames are up to you within a 6 month window. Here is an outline of how the timing can take place, again this is flexible based on your needs. Since there are several pieces of information and paperwork required to list your home, the process starts with you completing this paperwork though an online system called DotLoop. Remember you will receive both a Comparable Market Analysis (CMA) and a Seller Guide from me that you may want to take some time to review. Once you have completed the required listing setup paperwork, please allow 1 business day for everything to be entered into the appropriate systems. At this point everything is entered and ready to go live. You will receive another email through DotLoop with a copy of the listing. This is when it is important to pause and take time to review your listing carefully to make sure everything is correct and to your liking. You will initial this for final approval for your listing to go live. We'll need at least one photo of the front of your home for your listing to go live. Once your listing is live, you can make unlimited changes to your listing including photos, description of what your home offers, price updates and status of listing. Just send me the change and consider it done! If you plan to do open houses, I can post those events as well. Once you have accepted an offer on your home, your listing will be placed in a pending status and a new clock starts based on your agreement with the buyer. Should you not receive an acceptable offer within 6 months, your listing will expire and your home will no longer be for sale.
Q: Can I cancel after I have purchased a Service Option?
A: Yes! You absolutely can cancel at any time. Note: to receive a refund, you need to cancel before your listing goes live. See Listing FAQ for more information on how and when your listing goes live. If you want to cancel and receive a refund, it is very important to cancel before your listing is live.
Q: Can I receive a refund after I have purchased a Service Option?
A: Yes! You absolutely can cancel and receive a refund. The only requirement is to cancel before your listing goes live. See Listing FAQ for more information on how and when your listing goes live. If you want to cancel and receive a refund, it is very important to cancel before your listing is live. Remember you will receive both a Comparable Market Analysis (CMA) and a Seller Guide from me when you purchase, both of these are yours to keep even if you cancel your purchased Service Option.
Q: Something has changed and I no longer want to sell my home, can I remove my listing so my home is no longer for sale?
A: Your listing can be updated at anytime. This includes removing your listing so it is no longer for sale. See Cancel, Refund, and Listing Statuses to better understand your options.
Change Service Option
Q: What if I change my mind on what Service Option is best for me?
A: If you select a Savvy Saver option and later decide you need an Elite Saver or even a Full Consultant, you can upgrade at any time.
There is so much information available on Real Estate that it becomes overwhelming and confusing at times. It is my goal to be transparent and provide information in a simple manner. Below are some terms that might be helpful when exploring listing your home.
Multiple Listing Service
This is the tool used to get your home in front of as many potential buyers as possible. Statistics from the National Association of Realtors (NAR) show that over 95% of buyers search online to find their future home. MLS drives the sharing or syndication where your home appears everywhere else. Once your home is placed in the MLS, it appears on 3rd party sites like Realtor.com, Zillow, and Trulia. As well as all the Big Brand Brokerages and anyone else in between. The feed typically used to share the listing information is internet data exchange (IDX). This sharing is automated and instantly updates.
Instant Offer Companies
Cash Offer Online
Companies like offer Offerpad and Opendoor offer to purchase your home from you without the need to list your home. This type of company has popped up on the market due to advances in technology and the utilization of data. They will use an automated valuation model (AVMs) to make quick offers on homes over the internet. This is a good option for someone that has an urgent need for a quick sale and doesn't care that they are not getting market value for the home. It is a cash offer to close quickly. The company earns money by buying low, fixing up, and selling high. The seller gets paid below market value for the home; however, the entire experience is hassle free, quick, and could be just what they want to meet their end game.
For Sale By Owner
When a home owner sells their home on their own, they are considered a For Sale By Owner (FSBO). As mentioned, there is a lot of information and options out there and some sellers may consider whether they can just complete their own real estate sale transaction without engaging a Realtor. According to the National Association of Realtors' 2017 Profile of Home Buyers and Sellers, only 8% of all home sales were accomplished as FSBO and they sold for 32% less than homes listed by real estate professionals. It comes down to the major factor that the large majority of home buyers begin their search online. See MLS to learn about how homes are listed via online channels.
Comparative Market Analysis
A licensed Realtor prepares a comparative market analysis (CMA) for buyers and sellers to help them establish either an offer price or a listing price. The CMA includes recently sold homes, pending, and homes currently for sale in the home's neighborhood. Although the CMA is used to help determine current market value, it does not establish the appraisal value. The CMA
is merely a guide to help the buyer/seller learn what's happening in their local market, so they can better understand where the home sits in terms of an estimated price. If the buyer is receiving bank financing, the bank will order an appraisal for loan value.
Determination of Home Value
Appraisals are completed by licensed appraisers, using guidelines established by the Federal Housing Finance Agency, which regulates federal housing loan guarantors such as FHA, VA and housing loan purchasers Fannie Mae and Freddie Mac. An appraisal is a comprehensive look at a home's location, condition, and eligibility for federal guarantees. Note: Appraisers do use a lot of the same data as Realtors when researching the market such as comparable homes, but they focus heavily on additional guidelines provided by the bank that minimizes risk to the bank as the bank needs to make a decision whether to fund the loan based off the appraisal.
Professional Determination of Home Value
Most real estate agents work on a % of sale price commission, meaning that they are paid once the transaction closes and are paid based on the sale price of the home they helped sell. A set dollar amount $ commission is an option and works in a similar manner - i.e. paid at closing. All commissions should be negotiated. It is actually the law in Florida. If someone tells you there is a standard commission % of home sale price that is paid, that is called price fixing and it is illegal.
Again - Commissions are always paid by the seller and they should be negotiated. There is no standard as that is price fixing and illegal.
To simplify how commissions are routed, sales commissions whether % or set dollar amount $ are paid out of the seller's proceeds, according to the terms of the listing agreement and/or the sales contract. Thus, the buyers' agent commission is paid by the sellers, as a portion of their listing commission. All commissions paid to a real estate agent pass through the broker; only a broker can pay a commission and only a broker can sign a listing agreement or a buyer representation agreement.
For a home to be listed in the Multiple Listing Service (MLS), the listing broker is required to disclose the terms of the commission to other cooperating brokers, so they know what compensation is offered before they bring their buyers to the listing. When the buyer's broker presents an offer to the seller's broker, it typically includes a provision to collect their share of the sales commission, as offered by the listing in the MLS.
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