Do I have to pay a commission to list on Propex.com? 

No. You do not pay Propex.com any commissions nor are you obligated to pay any real estate broker or salesman a commission if they sell or lease your property. Keep in mind, buyer agents represent the largest segment of qualified buyers and they may refuse to show your property or present prospective buyers or tenants. Propex.com gives you the opportunity and encourages you to pay a commission to a buyer agent if s/he presents an acceptable offer. 

What is the minimum information I may post for public view?

Any field marked with an "*" (asterisk) must have data entered. These represent critical fields used by the search engine to locate the listing. Other fields are optional but provide more information about your property.  Since your property may contain special features that appeal to certain viewers, it is in your best interest to post as much information about your listing as possible.  

How do I limit the release of certain information to only "serious" prospects?

At your discretion, you may conceal financial information from the public. As you enter each listing, you are given the option of entering a "view pass" password. If you enter a password, prospective buyers and/or tenants must contact you by email and obtain that password before they can view financial information about the listing. For your safety, basic information about an inquirer should be obtained before you issue them a password. If the inquirer is unwilling to provide a verifiable phone number and/or contact information, you should not grant access. You may choose to provide your "viewpass" to select individuals, members of an investment group, agents in your office, or perhaps your local Multiple Listing Service. You may also choose to limit viewable access to some listings while freely posting other listings. This works to your advantage depending upon how marketable a property might be or how much information you are willing to provide the general public.

• If you wish to display the Financial Summary for public view, simply leave the "viewpass" (password) blank. 

• If you desire to conceal these fields from public view,  (instead, requiring viewers to contact you by email before viewing the Financial Summary), then enter a "viewpass". Entering a "viewpass" will only limit display of the Financial Summary. 

What is the Financial Summary? 

The "Financial Summary" contains information about the listing that you may not want all viewers to see. It includes rental and expense data, assumption terms, terms of any owner financing that might be offered, selling incentives/commissions to buyers' or tenants' representative, exchange terms, and/or other details about the listing.

The Financial Summary is reserved for confidential information. By entering a "viewpass", you may control or limit access to this financial information by the public. The public will still be able to freely view other information about your listing but must contact you to access the private information. This provides a method of call-back verification before you release important financial details about the listing and allows you to focus on serious prospects. 

How often may I change passwords or edit my listing?

You may edit your listing and/or change viewer passwords at any time and as often as you like.  

What if someone is interested in viewing my property offered for sale or lease?

It is advisable to interview a prospect over the phone before arranging an appointment. If the inquirer is not represented by an identifiable agent, be cautious about providing too much information without arranging a meeting with the prospect. Also keep in mind that potential buyers are reluctant and often unwilling to discuss their financial affairs since this might place them in a disadvantageous bargaining position.  

Avoid probing questions about their financial affairs. Questions related to down payment are appropriate if you are in a position to offer seller financing. If the prospect has not yet arranged for financing and is interested in presenting an offer, carefully posed questions may give you some clue as to their ability to qualify for a purchase loan. Length of employment and residence stability are important considerations in a lenders decision to extend a loan. Unless the prospect indicates he/she is a cash buyer, it may be best to refer them to a local lender for loan pre-qualification before negotiating an offer.  

What if the prospect is not represented by an agent?

If a potential buyer desires to inspect your listing and they are not represented by an agent, you might consider requesting photo identification, phone and address verification, or a "statement of loan pre-qualification" from an identifiable lender.  

 What types of property can I list on PropEx.com?

Essentially all property types of real estate. This includes home and apartment rentals, office buildings for sale or rent, industrial buildings, mobile homes for sale, mobile home space rentals, etc. - just about every kind of real estate you can imagine. Propex.com is unique in it's ability to search all types of real estate. Of course, Propex Public Listing Service™ (PLS) is new and, like any new service, we will need time to grow and build the database. Be assured, we are committed to do whatever it takes to earn your trust and build the most comprehensive real estate listing service available on the web!  

Set up my account  I  How to enter a listing  I  Terms and conditions   I  Review pricing

© 2002-2003 PropEx - All Rights Reserved
Propex Services, LLC  46 Orchard Street  Asheville NC  828-252-3040
Contact Us for Opportunities.