Yes.

There are several proactive marketing plans a By Owner can implement. In some states, Zillow mixes in the By Owner property with Realtor property listings. Try this exercise – search for your property at the Zillow portal but DO NOT key in your address. Search by price point in your city or zip code. If your property DOES NOT appear, you are invisible to most of the market that does not know how Zillow searches work. You now have to go beyond Zillow to find the buyer vs the buyer finding you.

It depends on the agreement with the broker. Most brokers will not permit this.

The FOX program encourages your participation in the sale of your property. There is no up front fee. If a fee is paid, it is a listing side fee possibly ranging from .50 to 1.25%. This in part depends on the service you want from the HYBRID fee to enter the MLS.

The exposure in the MLS can bring local and international exposure, thus creating more than 10 times the exposure of Zillow. It is probable that the buyer you seek is seeking homes in the MLS because the buyer does not know you are on the market.

Yes. In many cases if you find the buyer in this fashion, the broker fee to oversee the transaction is just .50 to 1.25%. Open houses that are advertised on MLS create a greater abundance of buyers than those advertised on Zillow. Therefore, simply being in the MLS will make your open house more effective.

No. The MLS and Zillow have an agreement. When a property enters the MLS, the For Sale By Owner posting is removed. It cannot be on Zillow with a By Owner, however the By Owner can still receive the buyer leads in this program.

Yes. In fact that would be wise to do right now in order to get more showings.

While the seller may be correct in their asking price, we conduct a thorough pricing analysis based on both their property and market conditions. The objective is to “avoid giving it away” by underpricing the property, and “avoid getting no buyers” by overpricing the property.

The Fox Hybrid program is offered in many but not all states. Inquire about the county and state your property is in. Our goal is to assist you in creating far more exposure to the buyer market, which in theory will net you more of your equity, while charging a reasonable fee.

No.

This is a very creative program and complies with the MLS rules. Thus, there can be no sign at all, or if there is a sign, it MUST be advertised by the firm that entered the property in the MLS. However, this program still allows us to introduce the buyer to you to show the property in order to keep the fees as low as possible.

If you see a By Owner sign in a front yard, yet the property is in the MLS, this is NOT a permitted act.

No.

The calls from agents will cease immediately. Those agents that “have a buyer” will now contact FOX. We, in turn, will contact you if indeed the showing can be authenticated.

Yes. We are Realtors. We have all the documentation. There is nothing lacking.

Yes. However, your ad on Zillow will move from the Hidden Zillow program to the PZ, Prominent Zillow program. And we will direct those buyers to you if you choose to show the property yourself.

No. In this Hybrid program, the property cannot be in the MLS receiving national exposure with more than one firm. 

Yes. It was first taught at the University of Missouri, St. Louis (UMSL) in 1998. We have been providing this creative solution for over 20 years.

We also serve national relocation firms with a process called BPO. The Broker Price Opinion looks similar to an appraisal, however it is not an appraisal. We provide services to corporations and individuals as they relocate locally and internationally. We have an extensive pricing program that takes into account the benefits to your property, the condition of your property, and the Velocity in your market.

Each of our properties rises and falls based on several or national factors.

LOCALLY

The ratio of buyers under contract to the sellers that are available.

Ideally there are zero expired listings. But often even Realtors fail to sell their property listings. When the failed listing exceeds 20% of the market many sellers will begin to experience depreciation as sellers “fight for the next buyer”.

It is normal for 1 out of 10 to fail, but not 2, 3 , 4 out of 10. When this occurs, ‘days on market’ climb. When this occurs, “there are many more price reductions”. When this occurs buyers are pulling back and prices are falling.

NATIONAL EFFECTS ON LOCAL VELOCITY

For every 1/4 of a percent interest rates rise, buyers exit the market. During Covid rates were at approximately 4%. As of this writing the rates are approximately 7%.

In some areas, housing inventory is just sitting there. Few showings with sellers saying “I will not drop my price.”

True, the seller may not drop their price, but the value is being reduced in any case.

We will give you the data. There is no fee nor any obligation on your part. We do this as a process to prep your property for the market.

1. More under contract than for sale.
2. Low days on market. 
3. Little or no expired listings in your price point. 
4. That your property is one of the best on the market.

Yes. If you are in a healthy market it could possibly stay that way. But watch your Velocity report. If the market shifts due to economic conditions your equity will begin disappearing. If your Velocity heats up, or the price point 50% below you heats up, you could be experiencing appreciation as we speak. If you are considering selling, it is important to know your numbers.

This is a simple answer. Make your decision, not based on what a Realtor may say, but rather what your Velocity report says. Most people are surprised to see that 60-65% of the properties sell in the opposite market than they would have perceived. But don’t take my word for it, look at your report.

If you are not truly in a hurry and can wait it out, the market will most likely appreciate as we move through some of the current economic trends. If you want to move in the next 24 months and your Velocity report reveals you are in a BUYER’S MARKET, it may be wise to make your move now.

In other words, “If you don’t like the possible value today, you may hate it in the next 12 months.” In a Buyer’s Market your property may be valued at $1,400,000, however it could be $1,200,000 in one year. Properties DO NOT appreciate in Buyer Markets, they depreciate.

An $800,000 property in March may be a $750,000 property by the fall season.

The good news is, if you stay long term, 5-7 or perhaps 10 years, the equity will often come back to you as your property appreciates again. But if you are thinking of selling in the next 3-12 months or so, you may want to get to the market to avoid “equity reductions” due to a very bad Velocity reading.

Again, please do not take my word for it. These are simply the trends that we have observed since the 1990’s.

1. Your market may be shifting upward. We can help you discover this.
2. Your buyer is quite possibly looking on Realtor.com, Redfin, or any number of websites from national and international buyers.

Be optimistic. Consider Hybrid.

You can still do some of the By Owner activities and achieve a higher net sale price as your property is exposed to a much larger market. Those activities can increase your chances of finding the buyer, so yes you can continue doing many of those items. Hybrid offers you the opportunity to participate, while hiring a full time experienced pro to enter your property in the MLS.

We have served firms such as Enterprise Rent A Car, Inbev Anheuser Busch, Miller, Coors, Frito Lay, Boeing, Coca Cola, Deutsche Financial Services and many more firms. We assist people that buy or sell property and what we are passionate about, we help people “move money”.

Yes we can assist you with Realtor selection in any city and provide Velocity insight.