A Brief Analysis of 72Sold: What Homeowners Need to Know
Every home seller wants to ensure that their home is sold fast, and that’s why services like 72Sold are very popular right now. The ability to sell fast is why people look for 72Sold reviews, and the service itself has become incredibly appealing. But why is 72Sold popular, and how can it help you sell your home? Let’s find out!
What you should know about 72Sold?
72Sold is a real estate company founded in 2018 by Greg Hague, who is a real estate broker and attorney. The program is designed from the ground up with the promise that your home will be sold in 8 years since it’s listed. What that does is it urges buyers to make a decision faster. Normally, that results in many offers, and lots of them are higher than you would expect.
According to the company, the average sale via 72Sold is at a 7.8% higher price when compared to a regular local MLS listing. You should note the fact that 72Sold has a fee of 5-6% of the home sale price. So, it’s very similar to what a real estate agent will charge you anyway.
How does it work?
If you want to sell your home via 72Sold, the process is very similar to what you would do via a listing agent. You will have the property listed on the MLS, and they will do all the marketing. Basically, the only difference is that the property will only be shown over the period of 8 days. It’s designed to bring the “fear of missing out”, so buyers end up rushing the process in order not to miss the property.
We should note that you will be able to sell any property, with prices from $100000 to $10 million. The more expensive properties, over $1.5 million, will be shown for 29 days rather than 8. That ensures you will have a good chance of getting the property sold.
Is 72Sold worth it?
When you work with 72Sold, you will have a 15-minute talk with one of their representatives to see what your desired price is and if you have any preferences. You can decline the price if you’re unhappy with it. Plus, buyers are evaluated by 72Sold themselves, and you can choose when to close the deal as well.
Whether 72Sold works for you or not, it all depends on expectations. The fact that buyers are rushed to send an offer and close the deal is not always helpful for a home seller. That means you either will end up selling quickly or get very limited number of offers. They are incentivized to market your property since they have a limited time to get their commission.
Should you use them? If you want to sell your property fast, you might find 72Sold a very good option. It’s engaging, and the return on investment that you can get is nothing short of spectacular. That being said, you’re will be paying more compared flat fee agents and same as a traditional agent. Your home may arguably stay less time on the market. All in all, 72Sold is a valid option if you want to sell your home, and it brings great advantages as well!
