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Information about Owners.com Bundle
Owners.com Bundle includes real estate services provided to buyers and sellers by Owners.com (buy-side and sell-side real estate brokerage services) and, in authorized states, its affiliated providers, Premium Title Services Inc. ("Premium Title") for settlement services, and Altisource Fulfillment Operations, Inc. d/b/a Owners.com Loans ("Owners.com Loans") for mortgage brokerage services. The settlement services included in the Owners.com Bundle are for closing and escrow services only and do not include title insurance products or services. The Owners.com Bundle is available as a result of the shared platform synergy and technology integration between Owners.com and its affiliated providers that results in streamlined processes and a level of expertise and service that comes from working together over time. You can benefit from that integration and expertise by choosing the Owners.com Bundle when you sell or purchase a property using Owners.com.
Selection of the Owners.com Bundle is optional and there is no obligation to use Owners.com’s affiliated providers. For eligible transactions, Owners.com buyers and sellers will receive a closing credit from Owners.com at settlement for using services in the Owners.com Bundle. See our Affiliated Business Arrangement Disclosure Statement.
Owners.com Bundle Details:
The Owners.com Bundle is available to customers who close a real estate transaction using Owners.com sell-side and/or buy-side real estate brokerage services. Eligible buyers and sellers receive a credit from Owners.com on the settlement statement for certain additional services used by the customer in the transaction and provided by Owners.com and its affiliates. Owners.com reserves the right to modify the terms and conditions of the Owners.com Services Bundle at any time by modifying these terms; however, no such modification shall amend the terms or any existing brokerage agreement between a buyer or seller and Owners.com unless such modification is required by law. Buyer or seller must enter into a written brokerage agreement with Owners.com (e.g. listing agreement or buyer's agency agreement) and execute an addendum to the brokerage agreement which will govern the specific terms of the Owners.com Bundle and any eligible closing credits. Terms may vary by state. Eligibility for participation in the program will be determined in the sole discretion of Owners.com and may be subject to a minimum sales price, Buyer's lender approval and/or all affiliated parties' approval and the property not being the subject of a short sale or foreclosure sale. For all transaction payment of the Owners.com Bundle savings shall be made via a credit to the buyer or seller, at closing, shown on the HUD-1 or Closing Disclosure and the amount and acceptability of the savings is expressly subject to review and approval of buyer's lender.
Bundle savings closing credit will be paid by Owners.com to buyer or seller; Bundle savings will not consist of a payment or credit from Premium Title or Owners.com Loans.
Bundle savings are in no way dependent upon the purchase of any insurance product or service.
Where the Owners.com Bundle is Available: The Owners.com Bundle is currently available for the purchase and sale of properties in CA, FL, GA, IL, MA, OH, PA, and TX. Closing credit received by Buyer for eligible services will vary by state. Closing credit is not available for all services in every state. The Owners.com Bundle only applies to properties purchased or sold using an Owners.com full service real estate agent.
Information about Owners.com Listing Packages
Listing packages and pricing vary by state. Where possible, we offer three packages: (1) For Sale by Owner Package; (2) MLS Listing Package; and (3) Professional Listing Package.
Sellers Choose the Level of Agent Support: Real estate agent support is not provided with our free For Sale by Owner Package. For MLS and Professional Listing Packages, a licensed real estate agent (Owners.com agent or a listing agent in the Owners.com referral agent network) will provide services as defined in the listing agreement with the seller. Our listing package details and pricing are available here: https://www.owners.com/sell
Free For Sale by Owner (“FSBO”) Package: The Free FSBO Package is a way for sellers to market their properties on Owners.com without the use of a real estate agent. Use of this service does not create an agency relationship between users and Owners.com, REALHome Serivces and Solutions, Inc., or their affiliates. The Free For Sale by Owner Package does not include syndication to third-party sites (for example, Zillow or Realtor.com) or entry into a multiple listing service. This package allows sellers to advertise their properties on Owners.com and includes access to a personalized Owners.com dashboard, visitor tracking, a free home valuation and market trends. Sellers can upload ten (10) photos of their property to their dashboard, scheduled open houses, and communicate with interested buyers.
MLS Listing Package: In connection with the purchase of an MLS Listing Package, Seller will be required to offer a commission to a licensed real estate agent representing a buyer purchasing your property. The purchase of the MLS Listing Package through Owners.com does not include the buyer's agent commission. In order to have your listing published in a MLS, most MLSs require sellers to offer a commission to a licensed real estate agent who represents the buyer. In connection with the purchase of an Owners.com MLS Listing Package, you will be required to offer a commission in the MLS to any licensed real estate agent who represents the buyer of your property. Traditionally, the buyer's agent commission is between 2-3% of the sales price of the property. If your property is purchased by a buyer who is not represented by an agent, you will not pay a buyer’s agent commission.
Each listing agent reserves the right to require a minimum buyer's agent commission (not to exceed three percent [3%] of sales price). The amount of the buyer's agent commission shall be agreed upon by Seller and the listing agent and will be set forth in the listing agreement. In the event that Seller and Seller’s listing agent cannot agree on the amount of the Buyer's Agent Commission to be offered, Seller's purchase of the MLS Listing Package will be terminated and any fees paid by Seller to Owners.com for the MLS Listing Package will be refunded.
The estimated seller's savings described for the MLS Listing Package throughout the Owners.com website is based on a traditional listing agent commission of 3% less the Owners.com MLS Listing Package cost of $395. Please note that the MLS Listing Package may not be available in all states.
Additional MLS Fees: In certain circumstances, Seller may be required to pay an additional fee after the property is sold to cover additional fees charged by the MLS. Such charges, if any, will be explained and set forth in the listing agreement you enter into with Owners.com.
Professional Listing Package Minimum Listing Agent Commission Requirement: The Professional Listing Package is subject to a minimum listing agent commission amount of $3000. The listing agent commission is the greater of 1.5% of the purchase price or $3,000.
Professional Listing Package Buyer's Agent Commission: The Professional Listing Package 1.5% listing commission does not include the buyer's agent commission. In connection with an Owners.com Professional Listing Package, you will be required to offer a commission in the MLS to any licensed real estate agent who represents the buyer of your property. In order to have your listing published in a MLS, most MLSs require sellers to offer a commission to a licensed real estate agent who represents the buyer. If your property is purchased by a buyer who is not represented by an agent, you will not pay a Buyer's Agent Commission.
Each listing agent reserves the right to require a minimum buyer's agent commission (not to exceed three percent [3%] of sales price). The amount of the buyer’s agent commission shall be agreed upon by Seller and the listing agent and will be set forth in the listing agreement.
The estimated seller's savings described for the Professional Listing Package throughout the Owners.com website is based on a traditional listing agent commission of 3% less the Owners.com Professional Listing Package commission of 1.5%.
Information about Owners.com Estimates
Owners.com Estimates use a wide range of data sources and cutting edge analytics to arrive at our best estimate for a property, but this estimate and any estimate that you may create using the "Create your own estimate" tool are not appraisals or other formal valuations of a property. All estimates are provided for informational purposes only, on an as-is basis, and without any representation and warranty. Any actions taken based on such estimates are at your own risk. For advice regarding the valuation of a property, please contact a real estate professional.