Our most frequently asked questions
What is Sellpoint?
At Sellpoint, we believe that Sellers want a streamlined selling experience that is faster, easier, and less expensive. When you use Sellpoint, you get all 3. First, you will get a no obligation, no commitment offer, or offers, on your property and 1 of 2 things will happen. You can either accept the offer and experience a simple, inexpensive closing process with flexibility on the closing date. Or you can decline the offer, because it didn’t reach your “sellpoint,” and our full service experienced licensed real estate professionals can sell your property at an extremely reduced commission rate. Either way, you can expect to save thousands of dollars in commissions and enjoy a much better selling experience. Sellpoint is the future of real estate and is now operating in New York state.
What if the offer is too low?
You can decline any and all offers if they do not reach your SELLPOINT. It is completely your decision to accept or decline the offers that you receive. If the offers that you receive do not meet your needs, then we will use our full service licensed real estate agent to sell your property at a 2% total commission. This rate is significantly lower than what a traditional REALTOR® charges, saving you thousands of dollars in commission expense.
Can I still sell my property with Sellpoint if I'm listed with an agent?
Yes, you can have your agent post your home on Sellpoint. In the event that an offer is accepted through our marketplace, we will work with the investor to help ensure a smooth transaction. We will work side-by-side with your listing agent all the way through the closing process.
It is completely up to you to decide which option best fits your needs.
Should I make repairs to my house before I try to get offers?
You don't need to make any repairs, especially if you plan on selling your property to a Sellpoint Investor. Most of these investors are professionals when it comes to making repairs and updating houses. If you don't like any of the offers OR plan to sell your property with one of our experienced full service licensed real estate professionals, then we can talk with you about the best way to approach any property repairs that may be necessary.
What is the difference between Sellpoint Investor AND Sellpoint Retail?
Sellpoint Investor Sellpoint Investor is partnered with Realeflow, the largest residential real estate investing software company in the country. Realeflow currently has over 50,000 real estate investors who actively buy property all over the United States at varying price points. When you use Sellpoint Investor, this network of 50,000 active real estate investors is encouraged to submit their highest and best offer on your property.
Sellpoint Retail Sellpoint’s licensed full service real estate professional lists your property on the local Multiple Listing Service (MLS) and sells your property at a discounted commission fee.
What are my costs and how does the 2% TOTAL commission program work if I don't like the investor offer(s)?
If you accept an offer from a Sellpoint Investor, then you pay a 0% commission. We charge the buyer what's called a buyer's premium of 3%. If you decline the offer, we will use our full service licensed real estate professionals to sell your property at a total commission of 2%.
This means that Sellpoint will receive a 1% commission AND the buyer's agent will receive a 1% commission.
Sellpoint is a licensed full-service real estate brokerage that is a member of the National Association of REALTORS®, New York State Association of REALTORS® and MLS boards.
Is this FREE?
If a Sellpoint Investor buys your property, there are no commissions or fees paid by you. We make a 3% buyer's premium, which is paid by the buyer.
Why should I sell using Sellpoint?
We've really simplified the home selling process. We believe that the future of real estate is taking what was once a complicated, time consuming, expensive, and frustrating process and turning it into a simple and inexpensive solution. We can work with almost 100% of residential properties and deliver a solution that works for you TODAY.
What happens after I request an offer from Sellpoint?
We present your property information to our extensive network and ask that they submit their highest and best offer, including quick and easy closing terms. We then show you the offer(s) that were made on your property and give you the opportunity to accept or decline.
Where does Sellpoint currently operate?
Sellpoint is currently operating in New York state only.
Can I have flexibility with closing and moving dates?
Absolutely! You just let us know when you need to close, and/or move out of the property, and we can work around your needs to make sure that happens.
How are the offer prices determined?
Each investor may have a different method for calculating their offer prices. Some investors buy properties with the intention to fix up and re-sell, while others buy properties to hold and rent.
How fast will I get an offer(s)?
You will receive most offers within the first 3 days. It doesn't take long for us to bring offers to you, at which point you can accept or decline each offer with no obligation. In the unlikely scenario that you don’t receive an offer, you can use our full-service brokerage to list your home for an extremely discounted commission fee.
This seems too good to be true, how do you make money?
If a Sellpoint Investor buys your property we charge a 3% Buyer's Premium, and there is NO CHARGE to you, the seller. If we use our full service brokerage, then a 2% total commission will be paid, which includes a 1% buyer agent cooperating commission offered on the MLS.
I'm not 100% committed to selling, can I still get an offer?
YES. Many of our sellers aren't 100% sure yet if, or when, they need to sell. With this said, we encourage you to be at a point where you will sell the property if your SELLPOINT is reached.