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Frequently Asked Questions

Question: Is the MLS the best way to sell my home?
Answer: The MLS is statistically, by far, the best way to sell your home. The MLS accounts for roughly 75%-85% of home sales nationwide and is probably the most effective form of advertising used.

Question: Can I advertise in the newspaper?
Answer: Yes you can. We strongly recommend that when advertising your home for sale, you mention the property is listed by Jon Michals Realty (or affiliate broker), or at least MLS listed. We strongly urge you to avoid advertising the home as "For Sale By Owner" as this might send mixed signals to fellow Realtors and buyers.

Question: Can I cancel my listing?
Answer: Absolutely. If you cancel after the property is listed, there is no refund. You are able to cancel whenever you like (as long as you aren't under contract with a buyer).

Question: How much commission should I offer to cooperating realtors?
Answer: You are able to choose whichever commission you which to offer. We are unable to tell you how much to offer. Typical realtor commissions vary by area. Here are some "normal" commissions realtors earn when they sell a home to a buyer: -Milwaukee (SouthEast WI) --> 2.4%

Question: What do I have to do?
Answer: Seller has the option to hold open houses and advertise in local newspapers. Seller is also responsible for other items including scheduling showings, ordering title insurance, completing Code Compliance if required, scheduling inspections, appraisals, and closing, and hiring an attorney to review offers/review title.

Question: What if I am currently listed with a real estate company?
Answer: Call us any time to begin the process. We can take over the day after your current listing contract expires or is canceled.

Question: Can I get out of my current listing contract early?
Answer: That is entirely up to you and your current listing Broker. If you request an early termination they must grant it to you. If you have cause for termination they may agree to terminate and do so in writing. In this case we can begin your new listing immediately. Without cause they may try to hold you to the contract. In this case you will need to speak to an attorney before beginning the process with us.

Question: How do I handle contract negotiation and closing preparation?
Answer: You are welcome to handle the entire process on your own. Free forms are available on our website to use at your convenience. Closings paperwork can be done by a Title Company or Attorney for fee. Call them for details.

Question: Will realtors show my home if it's not listed in the MLS?
Answer: Possibly. Realtors typically have a lot of homes to show their buyers that are listed in the MLS. The advantage of MLS listings for RealtorsĀ® is that compensation to them has been predetermined. In order for a RealtorĀ® to show your non-MLS property they have to either negotiate a contract with you ahead of time or have an Agency Agreement with their buyer. Either way, it's an extra step in the process that may not be taken. With Jon Michals Realty LLC you get all the advantages of the MLS but still retain the right to procure the buyer yourself - thus avoiding any additional commissions.

Question: What if a buyer calls me or stops by the property with questions and later wants a 2nd showing through a realtor or submits an offer prepared by a realtor?
Answer: Keep good notes on who you talked to or showed the property to and when, WRITE IT DOWN ON THE LOG PROVIDED FOR YOU.. If you can prove that you discussed the property or showed the property to the Buyer first you have a legitimate claim for procuring cause. .You may also want to let that Buyer know upfront that you have you could possible negotiate a lesser price being no commission will be paid to a broker/agent if the deal is done without one.

Question: How long is my Jon Michals Realty MLS listing agreement?
Answer: Your Jon Michals Realty LLC MLS Listing Agreement is good for up to 6 months - your choice. You may cancel your listing in writing at any time. Should we reach the expiration date of your contract with us you can extend another 6 months for FREE. Unlike many other companies, we do not charge an extension fee.

Question: Once listed, how can I view my MLS listing?
Answer: After the listing contract has been signed we will email you a copy of the MLS sheet as input by our staff. This is the best time to make changes or corrections. You may also go to either Realtor.com or WiHomes.com to view their version of your MLS listing.

Question: Must I use a lockbox?
Answer: No. It is not necessary to use a lockbox. However, a lockbox can make access to your home more convenient for you, the RealtorĀ®, and the buyers. We recommend that you be present at all showings. Valuables and breakables are always at risk.

Question: How do I get the free real estate forms you provide?
Answer: Our website has a "Forms" link which will give you access to most State of Wisconsin approved forms. You may download as many of our included forms as you need to complete your real estate transaction. Or contact your attorney.
 

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