✏️ Editor’s Note: Realtor Associations, agents, and MLS’ have started implementing changes related to the NAR’s $418 million settlement. While home-sellers will likely save thousands in commission, compliance and litigation risks have significantly increased for sellers throughout the nation. Learn how NAR’s settlement affects home sellers.
Reozom is an FFM company that aims to simplify the buying and selling processes. They provide sellers with necessary tools to manage transactions independently. This lets them skip the traditional broker route and save the hefty 3% listing fees.
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Pros
- Your property gets maximum exposure.
- You might get the highest possible price for your property.
- You skip paying 3% realtor commission.
- You use a user-friendly platform.
Cons
- Restricted service area
- Limited personalized support
Reozom is a Flat Fee MLS listing service. They help you list your property on the MLS to attract the best possible price. Apart from the this, they syndicate your property to real estate websites like Trulia, Zillow, etc. to maximize exposure.
It’s true that you might get the best possible price with Reozom. The company specializes in fetching the best prices at affordable costs in Michigan and Florida. However, their limited reach could restrict many sellers from using their services.
After a thorough research, we found that Reozom does not have enough reviews to support their performance on various credible websites like BBB and Google. Furthermore, they may also not have the best-personalized support in the market.
If you’re a first time-seller, it’s best to consider widely available options like Houzeo. You can avail of their services from anywhere in the US. Moreover, Houzeo’s 5-star customer support helps you get a smooth sale.
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✍️ Editor’s Take: Sell your home using an FFM company like Houzeo. They help get you on the MLS within 24 hours, maximizing exposure for your home. Furthermore, Houzeo’s cutting edge tech and customer support ensures a speedy and smooth sale. Compare Reozom vs. Houzeo.
Is Reozom Legit?
Yes, Reozom is a legitimate company based in Michigan. Justin A Tibble started the company in 2008. Based on their website, they have sold over $345 million in real state since 2015.
As per our research, we found some customer reviews for Reozom on Google. These reviews were mainly positive. We also found that Reozom doesn’t have any reviews or accreditation on BBB.
» What’s My Home’s Value: You can know your home’s market value with Houzeo’s free Home Worth Estimator. It helps you estimate the amount you will get upon sale.
Reozom Coverage
Reozom specializes in helping people sell homes in Michigan and Florida. While they know these areas well, their limited coverage might mean some sellers can’t use their services.
So, in case you want to sell outside their service area, you could consider options like Houzeo. You can sell from anywhere in the US as Houzeo covers all the states plus DC.
Reozom Selling Process
Reozom operates on a user-friendly Flat Fee MLS platform. Users can create listings, upload photos, and market their properties to potential buyers.
The platform also provides legal forms and documents necessary for completing transactions. With Reozom, you can handle negotiations, showings, and closing process independently.
Their selling process in these simple steps:
- Submit Details: You need to create a Reozom account using your personal details. Once you’re done, enter your property details like lot size, basement type, etc. in the next few pages.
- Upload Photos: Next, add the photos of your property to the MLS listing. You are allowed to add up to 40 photos with Reozom.
- Pay the Flat Fee: After filling in the necessary details and uploading the photos, pay the static $395 fee to Reozom.
- Sell Conveniently: Once you make the payment, use Reozom features to sell your property at the best possible price.
Services/Packages
Reozom offers a single Flat Fee MLS package throughout Michigan and Florida. This package costs $395. You can list your house on the MLS at $395 until it gets sold.
Furthermore, with this package, you can upload 40 photos, conduct two virtual tours, make unlimited changes and negotiate offers at no additional cost.
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🌟Is Package Beneficial for All? Reozom’s $395 package provides no cost cancellation, negotiation, etc. only to Michigan homesellers. It’s advisable to go through their website thoroughly to know about their cancellation and refund policies.
Reozom Reviews
Reozom is rated 4.6 out of 5 based on 18 Google reviews. Although they do have a presence on BBB, they do not have any reviews on the platform.
According to positive Google reviews, we found that customers seem to like how Reozom’s team communicates and responds. However, a few people gave Reozom a 1-star rating. Oddly, there were no reviews to explain why.
Praises
✅ Ken Antovski found Reozom’s staff extremely supportive throughout the selling process. He states he would use Reozom again in the future.
Excellent service that was very supportive helping me throughout the listing and selling process. I would highly recommend Reozum, I know that I will use their service again in the future. Thank you!
Source: Google
✅ Jonathon Devries loved Reozom’s easy selling process. He was able to save the 3% listing agent commission while selling his condo with the company.
I listed my condo in October 2016 with Reozom, it was incredibly easy and saved me a ton of money vs paying a real estate agent 3% commission to do the same exact thing for me. They helped arrange showings by scheduling them with the buyers and their agents, then cleared it with me to make sure I was available. Two days after listing I received a great offer and I accepted. I highly recommend using reozom to list your home for sale!
Source: Google
Complaints
When we browsed online, we found that Reozom does not have any major complaints on credible sources like Google. However, it’s wise to periodically review feedback to beware of any potential drawbacks.
Pros and Cons
Here are some of the pros and cons of Reozom:
👍 Pros
- Maximum Exposure: Your property receives maximum exposure with Reozom. It’s not just listed on the MLS, but also shared across other real estate websites.
- Cost-Effective: Reozom eliminates the need for traditional real estate agent commissions, offering potential cost savings for users.
- Flexibility and Control: You have complete control over the buying or selling process, including negotiations, showings, and closing process.
- User-Friendly Platform: The intuitive interface and step-by-step guidance make it easy for you to manage their real estate transactions.
👎 Cons
- Limited Personalized Support: Reozom focuses more on sellers’ independence. They might have limited access to professional guidance and assistance. This may pose challenges for those unfamiliar with real estate transactions.
- Restricted Coverage: Reozom only covers two states in the US- Michigan and Florida. So, you will not be able to avail of their services from anywhere else in the US.
Reozom Competitors
» Jump to: Reozom vs. Houzeo | Reozom vs. Sundae | Reozom vs. We Buy Houses
Reozom has various potential competitors. We have selected them based on three metrics such as customer support, speed, and coverage.
1. Customer Support: Reozom vs. Houzeo
Reozom is an FFM company that lists your property on the MLS for a static amount. They charge $395 to help you sell on the MLS. However, they might not be able to provide you with great customer support.
Houzeo is also a Flat-Fee MLS company. You get to save thousands of dollars with Houzeo as their packages are quite affordable. Furthermore, they are known to provide a stellar customer support throughout the selling process.
| Reozom | Houzeo | |
|---|---|---|
| Sale Price | Up to 100% of FMV | Up to 100% of FMV |
| Customer Rating | 4.6 stars (18 reviews) | 4.9 stars (8,000+ reviews) |
| Fees | $395 | $399 onwards |
| Closing Costs | ❌ | 0% to 1% Closing Costs |
| Repair Costs | ❌ | ❌ |
| Personalized Customer Support | ❌ | ✅ |
2. Speed: Reozom vs. Sundae
Reozom lists your property on the MLS. On average, it takes around 61 days to sell on the MLS. You can expect the same selling timeframe with Reozom as well.
Sundae is a cash-buyer marketplace. Like most cash buyer marketplaces, they provide you with quick cash offers. If you’re on a time crunch, Sundae could suit you better.
3. Coverage: Reozom vs. We Buy Houses
Reozom has limited coverage. They can only help you sell in Michigan and Florida. You might not be able to avail of their services if you’re outside their service areas.
We Buy Houses is a famous cash buyer that purchases properties as-is. They have nationwide coverage. So, you can sell from anywhere you want.
Flat Fee Listing Services Near Me
Reozom Reviews: Should You Opt For Them?
Yes, you may choose to sell with Reozom. They offer a convenient and cost-effective solution for those seeking independence and control over their real estate transactions.
However, if you’re a first time seller, you might want to explore other options. Reozom undoubtfully provides great tools to navigate your sale. However, they may not be the best with customer support.
Therefore, we suggest FFM companies like Houzeo. With Houzeo, you not only get top notch selling tools but also a supportive customer resolution team to ensure to smooth sale.
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Frequently Asked Questions
Is Reozom Legit?
Yes, Reozom is a legitimate company founded by Justin A Tibble. They have multiple reviews on various credible websites like Google to showcase their legitimacy. Furthermore, based on their website, they have completed over 345 Million in Real Estate since 2015.
How much do I have to pay with Reozom?
Reozom is a Flat Fee FFM company. They charge $395 to sellers looking to sell their homes independently via the MLS. If you want to know the list of features they offer in their $395 package, click here.
What are some potential Reozom competitors?
Houzeo, Sundae, and We Buy Houses are some potential Reozom competitors. Houzeo competes with Reozom on customer support. Whereas, Sundae and We Buy Houses compete with Reozom based on speed and coverage respectively.
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