HomeBusiness72SOLD Reviews: Is Their 72 Hours Sale Worth the Hype?

72SOLD Reviews: Is Their 72 Hours Sale Worth the Hype?

Editor’s Note:

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Introduction to 72SOLD

72SOLD In the current high velocity real estate market, vendors are consistently saving watch for imaginative approaches to selling their homes quickly and at a good expense. One such philosophy is 72SOLD, a program that commitments to sell homes in 72 hours or less. Anyway, how authentic are these cases? In this article, we will explore the mechanics of 72SOLD, its advantages and weights, and whether it’s the best choice for you.

What is 72SOLD?

72SOLD is a real estate program founded in 2018 by Greg Hague in Scottsdale, Arizona. The company aims to help home sellers sell their properties quickly through a unique, multi-part program. By training independent agents, 72SOLD encourages competition among buyers, which they claim can drive up home prices.

Key Features of 72SOLD:

  • Independent Agents: 72SOLD employs licensed real estate agents who are trained specifically in their selling methodology.
  • Quick Sales: Their goal is to sell your home in eight days or less.
  • Competitive Bidding: The program is designed to create a competitive bidding environment among buyers.

How Does 72SOLD Work?

Understanding how 72SOLD operates is essential to evaluating its effectiveness. Below is a step-by-step breakdown of the process involved:

  1. Property Submission:
    • Sellers submit their property details through the 72SOLD website to receive an initial pricing estimate.
  2. Agent Visit:
    • An agent schedules a visit to evaluate the property, discuss selling points, and answer any questions.
  3. Price Estimation:
    • Based on property details and market research, the agent provides a suggested starting price for marketing.
  4. Preparation for Sale:
    • Sellers prepare their homes for a weekend sale.
  5. Weekend Sale:
    • Properties are shown for a limited time to encourage buyer competition.
    • Buyers submit offers by the following Sunday, and sellers can review and choose the best offer on Monday.

Overview of the Sales Timeline:

DayProcess
SaturdayHome showing for potential buyers.
SundayBuyers submit their offers.
MondaySellers review and select an offer.

72SOLD Coverage

72SOLD has expanded its reach significantly since its inception. Currently, they operate in 38 U.S. markets, along with locations in Guam and parts of Canada. This wide coverage indicates a growing presence in the real estate sector.

72SOLD Commissions and Fees

72SOLD

One of the frequently asked questions regarding 72SOLD is about their commission structure. Unlike traditional brokerages, 72SOLD does not charge a fixed commission. Instead, commissions are negotiated between the seller and the independent agent, making transparency crucial for potential sellers.

Key Points:

  • No Standard Fees: Sellers can negotiate commissions based on their agreement with the agent.
  • Independent Agent Costs: The costs will vary depending on the agent’s experience and service level.

How Does 72SOLD Compare with Competitors?

When evaluating whether 72SOLD is the right choice, it’s helpful to compare it with alternatives like Houzeo, eXp Realty, Fathom Realty, and Opendoor.

72SOLD vs. Houzeo

Feature72SOLDHouzeo
Listing FeeNegotiated commissions$399 Flat Fee
Real Customer Rating4.9 stars (2,130 reviews)4.9 stars (8,100 reviews)
Coverage38 states47 states + D.C.
100% Online
Offer Management
Request Highest and Best Offer

Pros and Cons of 72SOLD

While 72SOLD presents a tempting offer for quick home sales, it’s essential to weigh the pros and cons before deciding.

Pros:

  • Quick Sales: The goal is to sell your home in 8 days or less.
  • Market Exposure: The program uses a 72-hour marketing strategy to attract potential buyers.
  • Competitive Bidding: Encourages multiple offers, potentially increasing the sale price.

Cons:

  • Commission Costs: Potentially higher commissions compared to other flat-fee services.
  • Limited Showing Time: Buyers are given a narrow window to view properties, which may exclude higher bids.
  • Communication Issues: Some sellers have reported inconsistencies in communication and overall satisfaction.

72SOLD Reviews and Complaints

72SOLD has garnered a range of reviews online. While their Google rating stands at 4.9 stars from over 2,130 reviews, it’s essential to dissect these numbers for a better understanding.

Common Complaints:

  • Communication: Many users report delays and miscommunication with agents.
  • Price Control: Some sellers felt they did not have enough control over their home listing price.
  • Bid Limitations: Limited viewing times may have caused them to miss out on higher offers.

Is 72SOLD Legitimate?

Indeed, 72SOLD is a real financier with authorized specialists partnered with their program. In any case, likewise with any land administration, it’s critical to take care of any outstanding concerns prior to joining. Research the nearby specialists and perused client surveys to guarantee you’re going with an educated choice.

Should You Sell with 72SOLD?

Deciding whether to go with 72SOLD depends on your unique situation as a seller. Here are some factors to consider:

  • Market Conditions: If your home is in a desirable area with high demand, 72SOLD’s strategy may be advantageous.
  • Urgency: If you need to sell quickly, 72SOLD’s approach could align well with your timeline.
  • Cost vs. Value: Weigh the potential costs of commission against the expected benefits of a quick sale.

Frequently Asked Questions (FAQ)

72SOLD
  1. What is the average time to sell a home with 72SOLD?
    • Homes are typically sold within 8 days, following a structured marketing and bidding process.
  2. Are commissions negotiable with 72SOLD?
    • Yes, commissions are negotiated between the seller and the independent agent.
  3. Can I choose my listing price?
    • While merchants can talk about evaluating with their representative, a few reports show that dealers might not have full command over the last posting cost.
  4. What happens if my home doesn’t sell in the 72-hour window?
    • Assuming there are no adequate offers, the specialist will talk about elective procedures to advertise the property.
  5. How does 72SOLD compare to traditional real estate agents?
    • 72SOLD offers a novel showcasing approach that holds back nothing, while conventional specialists might zero in erring on a standard deals process.

Ending Remark

Taking everything into account, 72SOLD gives a creative answer for home dealers hoping to facilitate the deals interaction. With an extraordinary promoting procedure pointed toward producing cutthroat offers, it has drawn in numerous dealers. Notwithstanding, potential traps, for example, correspondence issues and commission costs should be painstakingly thought of.

At last, whether the 72-hour deal merits the promotion relies upon individual conditions, economic situations, and individual inclinations. As the land scene advances, fundamental to stay informed and settle on choices line up with your objectives.

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