FREQUENTLY
ASKED QUESTIONS
Q.
Who is Sharper Image Realty?
A.
Sharper Image Realty is an experienced local “full service”
discount real estate company, providing efficient and professional
listing and sales programs. We are licensed by the Florida
Real Estate Commission and are members of the Multiple Listing
Service (MLS), local Real Estate Boards, the Florida Association
of Realtors and the National Association of Realtors. We service
Dade, Broward, Palm Beach and St. Lucie counties.
Q. How does Sharper Image
Realty differ from other Real Estate Companies?
A.
Your listing commission with Sharper Image Realty is only
1% of the sales price and you choose the sales commission
to be offered to the buyer's broker. Most real estate
companies charge a 6% commission...3% for the listing broker
and 3% for the buyers broker. When you list with Sharper Image
Realty you immediately save 2%!
Sharper Image Realty charges no transaction or processing
fees! Most real estate companies will charge you, in addition
to the commission, a "transaction" or "processing"
fee of approximately $300 at closing!
Sharper Image Realty allows you to list with us and still
sell yourself, without being obligated to pay real estate
commission!
Sharper Image Realty allows you to cancel the listing at any
time!
Q. What is the MLS?
A.
The MLS (Multiple Listing Service) is a comprehensive computerized
database of homes offered for sale, which is continually updated
by the Realtor members. The MLS database is utilized by Realtors
to market and promote their listings to other Realtors. The
MLS is the most powerful marketing tool in the real estate
industry today!
Q. What is the Realtor.com
Website?
A.
Realtor.com is the official internet site for the National
Association of Realtors. Realtor.com’s listings are
provided by the participating Multiple Listing Services throughout
the United States. Listings that appear on the MLS will also
appear on Realtor.com. Buyers who are searching the internet
for real estate information will be directed to Realtor.com.
Therefore, your listing and a photo of your property will
be available to all of those prospective buyers. Your home
will also be shown on other websites.
Q. How long does it take
before my home is available for sale on the MLS?
A.
Your home will be listed for sale in the MLS immediately upon
entry of the property listing information by Sharper Image
Realty.
Q.
How do Realtors make arrangements to show my home?
A.
Your contact information will be included in the MLS listing.
Realtors will be contacting you directly to arrange an appointment
for a showing at an acceptable time.
Q. Will you place a sign on my property?
A.
We will install a professional sign on your property, if it
is allowed by your community.
Q. Will a photograph of my home be provided
in the listing?
A.
We will arrange for a professional photographer to take a
picture of your home. This picture will appear on the MLS
and all related web-sites.
Q. Am I obligated to pay a real estate commission
if I sell my home myself?
A.
No! Under our program you retain the right to sell your home
yourself, without the use of a Broker, in which case you pay
NO Real Estate commission.
Q. Can a Buyer contact me directly after a
Broker has shown my home to them?
A.
Yes. But you will be obligated for the commission if they
purchase your home.
Q. How is an offer on my property usually made
by a Realtor?
A.
The Buyer’s Realtor will submit a written offer to us
on a real estate contract form. We will then forward the written
contract form to you. We will review and consult with you
on the offer and any counter- offers you desire to make. We
will then negotiate the final terms of the actual contract
with the Buyer’s Realtor, which will incorporate all
offers and counter-offers agreed upon between the Buyer and
you.
Q. What takes place after there is a fully
executed contract?
A.
The contract sets forth the time-frames and conditions for
the Buyer to obtain financing, perform inspections and appraisals,
obtain community approvals (if required), review association
documents ( if any), and be ready to close on the transaction
on or before the specified closing date specified in the contract.
We will inform and assist you throughout this process concerning
your rights, duties and obligations under the contract, while
monitoring the progress of the Buyer. Please understand that
we are not attorneys and cannot provide you with legal advice.
Q. What procedures are conducted by Sharper
Image Realty to close the transaction?
A.
We confirm with the settlement agent that a proposed closing
date has been determined under the contract. We receive a
preliminary closing statement from the settlement agent and
provide you with a copy. We then review the preliminary closing
statement with you to attempt to correct any errors that might
appear at closing. The final Buyers “walk-through”
date and time is coordinated with the selling Realtor. The
transaction is closed through the settlement agent. The settlement
agent is responsible for collecting and distributing the closing
documents and most importantly, disbursing the closing funds
due you.
Q. How and when is the real estate commission
paid?
A.
The real estate commission is funded by the settlement agent
from the sales proceeds available at closing.
Q. What is your 2% Buyer Referral Program?
A.
If Sharper Image Realty refers you a Buyer who purchases your
home without the services of another Broker, only a 2% total
commission will be due at closing.
Q. How are you able to charge these very low
commissions and still provide full service?
A.
By not having to pay for large decorated offices, multiple
levels of management, numerous salaried employees, franchise
fees, corporate parent overhead and administrative costs,
and huge advertising budgets to solicit your business, we
can greatly reduce the real estate commission charged to our
clients. |