Selling a home can be a daunting process, but 72SOLD Reviews claims to simplify it with their unique selling strategy. They promise to sell your home in just eight days, often for a price higher than traditional methods. This blog will explore whether their approach is worth it.
Is 72SOLD Legitimate?
Founded in 2018 by attorney Greg Hague, 72SOLD operates as a legitimate real estate firm with a network of licensed agents across the U.S. The company has gained recognition, even making the Inc. 5000 list, and has partnered with Keller Williams to enhance its services. However, while many users report positive experiences, the lack of guarantees regarding sale prices raises questions about their effectiveness.
Steps to Sell Your Home with 72SOLD
1. Provide Property Details: You start by giving information about your home on the 72SOLD website, including your contact number.
2. Agent Visit: A 72SOLD agent will reach out to set up a time to visit your home. They will discuss what makes your property special and answer any questions you have.
3. Sale Price Estimate: After gathering details and doing some research, the agent will suggest a starting price for selling your home.
4. Get Ready for Sale: You’ll need to prepare your home for showings, which usually happen over the weekend.
Coverage and Commissions
72SOLD operates in various markets across the U.S., including Guam and parts of Canada. The commission structure typically ranges from 5% to 6%, which is split between the buyer’s and seller’s agents. While this rate is comparable to traditional agents, it may not offer significant savings compared to discount brokers who charge lower fees.
72SOLD vs. reAlpha
When comparing 72SOLD to reAlpha, several differences emerge:
Sales Timeline:
- 72SOLD: Promises a sale in 8 days.
- reAlpha: No specific timeline for sales is mentioned.
Business Model:
- 72SOLD: Operates using a traditional real estate model.
- reAlpha: Uses an AI-driven platform.
Commission Fees:
- 72SOLD: Charges a standard commission fee of 5-6%.
- reAlpha: Commission-free model.
AI Assistance:
- 72SOLD: Does not offer AI assistance.
- reAlpha: Provides a 24/7 AI agent named Claire for assistance.
Document Simplification:
- 72SOLD: Not specified.
- reAlpha: Features a “Review with Claire” for document handling.
End-to-End Management:
- 72SOLD: Limited to local agents for management.
- reAlpha: Offers comprehensive app integration for managing the process.
Reviews and Complaints
72SOLD Got 5 Stars rating in Google
72SOLD got Positive Reviews:
The reviewer expresses high satisfaction with the 72SOLD program, stating it helps sell homes for more money with fewer challenges for sellers. They commend the staff and the founder for being supportive and caring about both sellers and agents, describing the program as an industry leader that could change the real estate market.
72SOLD got Negative Reviews:
The reviewer expresses strong dissatisfaction with the lead program, calling it a waste of time and money. They state they would not use or recommend it to anyone.
Discount Real Estate Brokers Near Me
For those considering alternatives, discount real estate brokers often provide lower commission rates (around 2% to 4%) without sacrificing service quality. Exploring local options can yield better financial outcomes for sellers looking to minimize costs.
Pros and Cons of 72SOLD
Pros:
- Quick sales process (average of eight days).
- Potentially higher sale prices due to competitive bidding.
Cons:
- Commission rates comparable to traditional agents.
- Limited control over pricing and buyer engagement.
Competitors: eXp Realty, Fathom Realty, and Opendoor
In addition to reAlpha, other competitors like eXp Realty and Opendoor offer alternative selling options that may better suit specific needs:
- eXp Realty: Known for its virtual brokerage model and lower fees.
- Fathom Realty: Offers competitive commission rates with full-service support.
- Opendoor: Focuses on instant offers but may not provide the highest sale prices.
72SOLD Reviews: Should You Sell to Them?
Choosing whether to sell with 72SOLD largely hinges on your priorities as a seller. If your main focus is a quick sale and you are comfortable with standard commission rates, their service could be advantageous, especially for well-maintained homes in competitive markets. However, if you prioritize cost savings or wish to maintain greater control over the selling process, exploring alternatives such as discount brokers or other real estate platforms may be more beneficial. While 72SOLD offers a compelling model for rapid home sales, potential sellers should carefully evaluate their options against other services to ensure they make the most informed financial decision for their unique circumstances.
