Equity Outpost - Seller FAQ's

FAQ’s for Sellers

Does Equity Outpost confirm the competition's prices on every property?

No. It would be impossible to confirm that on every property. We look at each property prior to being activated on the site to determine (1) if it appears to be a motivated seller and worthy of posting and (2) that the seller / or agent for the seller has completed the appropriate information so a potential buyer can obtain a clear understanding of the opportunity. To confirm the strength of the seller's discount vs. the comparable competition we always suggest buyers speak to the listing agent directly or request that their agent pull a report for similar homes for listed for sale in the area to confirm. This is an important detail for due diligence and agent integrity so we ask listing agents to take the time to be as accurate as possible.

What is a good deal and worthy of posting?

Equity Outpost is designed to showcase “buyer ready” homes by motivated sellers. Not all deals are

created equal nor interpreted the same by a potential buyer. We have no pre-set percentages or amounts

of discount or levels of seller motivation that must be offered.

Prior to us taking the property “live” we look for quality properties that are not fixer-uppers, rehabs, or

present a lot of repairs that would make it difficult to obtain financing. The goal is to provide an attractive

buyer-ready opportunity for potential buyers viewing the properties and for you to sell property efficiently.

Therefore, if you as a professional think it is a good deal based on the competition and you can substantiate

your seller's motivation to a buyer then your property is worthy of posting.

Who receives the leads or inquiries on my property?

You do... We do not hold, sell or redirect inquiries and / or leads intended for your property. The objective is for you to sell the house and we are here to promote those interested buyers to contact you.

How does the "motivation meter" work?

Each agent / seller is asked a series of strategic questions at the time they upload their listing. Depending on the answers a proprietary formula calculates a finding and will dictate the level of motivation that shows. In the next few months you will see the answers will be shown to the potential buyer as they view your listing. Additionally the meter will become more cosmetically descriptive as to provide a more informative picture of the level of motivation. The overall goal is to efficiently communicate the level of the motivation of the seller upfront and the opportunity he/she is willing to provide to a potential buyer. This effectively puts buyer and seller on the same page and substantial steps closer to coming to an agreement.

What if I have a change on my listing that I need to make?

Once you become a Marketing Member you will have a dashboard to access your listings to make changes. If you ever need help - just contact us via email and reference the property address.

What do I do when I sell the property?

You celebrate…then you contact us via email and request the property status be changed. Please make sure you reference the address of the property and the exciting result.

Should I plan on paying commission to a buyer’s agent?

That is up to you. Many real estate agents use Equity Outpost as a streamlined tool for their buyers looking for great opportunities, so that issue could come up. We believe that you should take that into consideration when calculating your asking price.

What if they offer less than the asking price?

There are no restrictions on what an interested party may offer a seller. However, the seller may reject or counter any offer if they feel it is in their best interest to do so.

What should I do if I get an offer of intent?

Contact the buyer or buyer’s agent immediately. Depending on what they submit, you will need to have direct dialogue with them to answer any questions and facilitate the necessary steps to receive an executed purchase agreement.

Why is there a charge to the buyer to make an “offer of intent”?

We charge a fifty dollar ($50) fee online to the person submitting the offer of intent as an attempt

to confirm the validity of buyer’s seriousness. The last thing you need is an inundation of bogus offers of

intent being sent to you. Once we receive notification of the offer of intent, we will be contacting you and

the buyer to make sure contact has been made between the parties. If a buyer doesn't want to use the

offer of intent option we do encourage them to contact you directly to discuss their potential offer.

* We make note of this option to them in the Buyer's FAQ's.

Do I have to pay Equity Outpost a fee if I sell one of my properties?

No...Never. There are no transaction or commission fees paid to Equity Outpost for a successful closing. This is your deal and your money...you earned it. That’s just one of the many great things about this site!

What if I have problems submitting a property?

Just contact us and we can walk you through it. Don’t worry…it’s easy.

How much does it cost to showcase a property?

You now have access to a property exposure solution that is cost-effective no matter what your budget is.

Look at it this way, think about how much you are currently spending on methods that don't work or only remotely provide your motivated listing the attention it deserves. Ok, stop spending that money. Equity

Outpost is priced to enable you to gain exposure and sell homes in an overcrowded market...not force you

to go in debt doing so.

2008 PROMOTIONAL PRICING

Annual Marketing Membership

Unlimited properties

Payment Option #1 ( Paid Monthly )

Cost: $25 per month with auto-bill to credit card

Terms: 12 month site membership

Payment Option #2 ( Paid Upfront )

Cost: $250 one-time bill annually to credit card

Terms: 12 month site membership paid upfront ( saves $50 )

Single Property Membership

Per property

Single Property Cost: $175 ( initial charge )

- Includes one-time property submission fee - per property

- Includes 3 months of marketing on Equity Outpost - per property

Recurring Cost:

$75 every 3 months auto-bill - per property until cancelled.

Corporate Broker Office Memberships

Glenn Bill - National Sales Director / Partner

317.590.7757

The above pricing may be subject to change. Updated January 2008.

* EquityOutpost does not charge agents using this site finders fees or commissions. This is a marketing membership driven service.