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Sell Your Home Step by Step in Texas FAQs

FAQs

FAQs

The MLS is a database where real estate agents list the homes they have for sale. It’s highly efficient in that every agent’s listing is given to as many other agents as possible; this brings more buyers who have an interest.

The MLS provides the ability to offer compensation to buyer agents. This is important as 90% of all buyers have an agent and that agent will typically only show the buyer homes where the agent can make a commission.

Yes, you must be a licensed real estate agent to list a property on the MLS. Our agent provides the service to list your home on the MLS for a fee.

On the MLS, you offer a fair commission to attract a buyer agent to show your property and bring potential buyers. Here, on our website, buyers who want to do it themselves are without a buyer agent. Direct communication and negotiation will lead to a successful deal between just the seller and the buyer.

Often in the past, buyers thought they would be able to negotiate a significant amount by directly working with the seller agent without bringing a buyer agent to the table. However, it will not happen since usually there is an agreement between seller and seller agent in place; all of the 6% commission goes to the seller agent if there is no buyer agent. The only way to get a better price is to find sellers selling by themselves and work with them directly. When a seller does not have to pay 6% for commission, this means the purchase price is lowered for the buyer.

  • The actual listing input form (Submit Your Property) for the MLS. You will complete it on our website.
  • Listing agreement. We will email you the agreement to sign and return.
  • Seller’s disclosure. We will email you the disclosure to fill out, sign and return. This document is required to upload to the MLS for buyer and agent’s use. If the seller’s home is part of an estate or a foreclosure, a seller’s disclosure may not be required.

When a listing goes live on the MLS, it automatically syndicates on third party websites like Realtor.com, Zillow, and many others. These sites are owned by companies that are in business to sell leads to agents. We do not guarantee your property will be listed on websites other than Sellityourselftexas.com and we do not guarantee the content or number of photos on these sites. We ONLY guarantee your home will be listed on the MLS, and the only control we have over content is through the MLS.

Once a service has been initiated or a product has been sent, you will not be able to cancel that service or return the item. Contact us or the third-party vendor immediately if you wish to cancel an ordered service or product that has not yet been delivered. If we verify an order is able to be cancelled, we will issue a refund.

MLS listing – Once we get all the information we need from you and required documents with signatures, we will initiate data entry in the MLS system. It takes 1-2 hours for a listing to show up on the MLS. There is no cancelation after we have initiated data entry in the MLS. You can fill out the cancellation form and email us to request a refund.

Other services – You can fill out the cancellation form and email us 48 hours before scheduled service for a refund. Services include:

  • Photography
  • 3D visual Tour
  • Open House by Agent
  • Showing
  • Move – Out Cleaning Service
  • Home Inspection
  • Pest/Termite Inspection
  • Appraisal

Once you have closed on your house, you must inform us right away– within 1 day. We will need a copy of the contract by email so that we can update the listing status, required by the MLS.

Yes. If you are offering a fair commission through the MLS (typically 3%), buyer agents will certainly show your property. Buyer agents only avoid homes that are not offering a commission through the MLS. By using the MLS, you are making a contractual offer to those buyer agents and you can offer them at any amount you like.

Every house is unique. For instance, which year is it built? Is it built before 1978? Is it in a 50-year, 100-year or 500-year flood plan? Is it in a MUD community? It is as essential to have the right and applicable forms signed to minimize your liabilities during the transaction. We are here to help you identify and ensure the right forms are filled out and completed properly.

When TREC approves and promulgates a contract it means they have approved the form and require that form to be used by licensees in all situations that it fits. TREC contract forms are intended for use primarily by licensed real estate brokers or sales agents who are trained in their correct use. Mistakes in the use of a form may result in financial loss or a contract which is unenforceable.

Just as all other real estate agents, we represent you and work as your agent by signing an appropriate agreement with you. Instead of the traditional 3%, we only ask for 1% for the seller and 2% for the buyer. This is to honor your loyalty for using our services, and also to offer help when you need it. We get paid at the closing when your transaction is complete, and then your previous expenditure on our services will be credited back to you from our agent’s sales commission at closing. The cost of services that can be credited back to you include:

  • MLS Listing
  • Lock Box/Supra Rental (exclude shipping cost)
  • Advertise Open House
  • Open House by Agent
  • Sales Contract
  • Other Forms & Disclosures

Other services such as photography, flyer design, cleaning, inspection, appraisal and etc. do not belong to an agent’s work scope, and can not be credited back at closing.

Documents

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