How It Works?
Decide which listing package best suits your needs, then follow the instructions to complete the setup process.
Purchase a combination lock box from Amazon. It should arrive tomorrow. You can set the lock box code (4 – digit). Please enter this in the MLS input sheet so I can enter the code into the showing system. Here is a LINK to make your purchase.
Order the Mink Realty yard sign. Be sure to change the phone number to YOUR cell phone number before you place the order. It takes about 8 days for your sign to be made and sent to you.
The new NAR rules no longer allow listing agents to display commission details offered to the buyer’s agent on the MLS. In most cases, commissions will be negotiated in the purchase agreements. It is best to keep this is mind when you are thinking about your listing price. Most purchase agreements will include the commission amount the buyer agent wants.
Once I receive your payment, photos, MLS entry, signed listing contract, and seller disclosure forms, your home will be listed on the MLS within 24 hours. I will email you a DRAFT MLS listing for your review. Let me know if there are any changes you would like me to make. If there are no changes required, please respond to the email to confirm approval. Once your listing goes live, I will email you a Showing-Time link so you can download the SHOWINGTIME APP. This app allows you to accept a showing request, view previous showings, and cancel showings from your phone. The app will also include any feedback from the showing agent.
SHOWINGS
Agents representing buyers who want to schedule a showing at your home will use the Showing System to do so. The Showing system will then text or email you the date and time of their showing request. This eliminates the risk of missing an agent’s phone call. You will then confirm or reject the showing appointment. No-shows will be billed without the seller’s approval. Once you confirm a showing request, the system will send the lockbox code to the agent so they can access your property. If you receive a call from an agent requesting to show your home, please direct them to use Showing Time to schedule the showing. That way, we can keep track of all agents who show your home.
Buyers that do not have an agent will call 502-716-6151. That voicemail will be forwarded to the seller. The seller will be required to show their own home to that potential buyer and make arrangements to show your home.
FEEDBACK
This option will provide you with valuable feedback from each showing. Once your home has been shown, a survey is emailed to that agent. The agent then completes the survey, and the results are emailed back to the seller and Mink Realty. It can sometimes take a couple days before the showing agent will provide feedback, so please be patient.
OFFERS
Agents will upload offers to the minkoffers.com dashboard. Then the offer is automatically emailed to both the seller and me simultaneously. This eliminates the waiting time for the seller to receive an offer having to be forwarded from me. Once the offer is received, the seller MUST email me back a signed seller agency form if the property is located in Kentucky. I have to receive a separate signed seller agency form for EACH offer received. Once I receive the seller agency form signed, the seller is free to negotiate directly with the buyer’s agent. Once an agreement has been reached between the buyer and seller, a copy of the executed purchase contract must be sent to me within 24 hours of the acceptance. Your property will be marked pending in the MLS. This is an MLS rule. If you chose the Platinum MLS listing package, I review the offer and assist with negotiations. The seller will either accept, reject or make counteroffer. All related correspondence during the offer/counteroffer will be handled via email going back and forth with the buyer’s agent. Mink Realty will be cc’d on the email. Once the buyer and seller have agreed on the terms of the sales contract, the buyer’s agent will write up a new contract and send it to the seller to sign. In Kentucky if you are married, both parties MUST sign all contracts and addendums. It’s a state law.
HOME INSPECTIONS
A home inspection is usually ordered by the Buyer within 14 days after an offer has been accepted. Once complete, taking into consideration the inspection findings, the Buyer’s Agent will send a “Repair Request” of items the Buyer requests to have repaired prior to closing, which will be forwarded to Seller for response. At that point the seller can either agree to make repairs or counter with what they agree to repair, if anything. Keep in mind, this all a part of the negotiations. The Buyer can “walk away” from a contract if they choose to do so up until both parties have agreed to the repair request list. Once that agreement has been signed by both parties, neither the Buyer nor the Seller can legally back out of the contract.
CLOSING
The closing usually takes place anywhere from 30-60 days from the contract date.