Beycome is a real estate company and listing platform based in Miami that allows sellers and buyers to complete a real estate transaction without the assistance of a traditional real estate agent. Let’s learn more about Beycome’s method, pricing, and reviews.
What is Beycome?
Beycome provides online FSBO (For Sale by Owner) services to buyers and sellers. If you’re a seller, you pay Beycome a one-time, flat fee to list your home on local MLS. You may use the Beycome dashboard to search for properties as a buyer. It eliminates the need for real estate agents on both sides of the transaction, saving you a standard 3% commission for each.
Beycome aims to streamline the house buying/selling process and save costs by eliminating the need for a real estate agent.
Beycome is currently operating in 8 states.
- Rhode Island
- North Carolina
- South Carolina
Sell a Home on a Local Flat Fee MLS With Beycome
If you want to save thousands of dollars, then Beycome is a better option for you to consider. It is simple and cost-effective. If you want to sell your home through Beycome’s Flat-fee MLS listing platform, you must choose from one of their flat-fee package options.
Beycome’s package includes online legal aid as well as the listing of your home within 36 hours. Also, You can cancel your listing for a small cancellation fee of $25 in all states(except Georgia)
Let’s see how it works:
⭐ STEP 1: Basic Information & Registration
Basic information like the location, type of property, value, photos, description, etc. are required to be filled then register for a free account on Beycome.com Select one of three packages it offers: Flat Fee MLS, Flat Fee MLS Premium, or Flat Fee MLS Max.
⭐ STEP 2: Select Flat-fee MLS listing Package
You can submit your information and then select the desired listing package.
⭐ STEP 3: Listing platforms
Your property will be listed on beycome.com and your local MLS’. Your listing will be syndicated to websites like Zillow, Trulia, and many more!
⭐ STEP 4: Upgradation
You can upgrade from the essential listing solution (Basic Package) to Enhanced Package for full coverage. Beycome will mail you customized yard signs, open house brochures, and a lockbox for showings.
⭐ STEP 5: Staging your house
You can prepare your homes for your prospective buyers and run open houses.
⭐ STEP 6: Offers
- Tip: The typical realtor commission varies from 5% to 6% of a home’s final closing cost – which is split equally between the buyer’s agent and seller’s agent. Sellers pay commission for both agents. You can save more if you list your house on the MLS with a flat fee MLS company like Houzeo.
Beycome reviews also state that the major disadvantage of selling your home on Beycome.com is that you must manage logistics, price negotiation showings, and closing all by yourself without the assistance of a real estate agent; however, if you are an experienced seller, the Basic and Enhanced packages are sufficient.
For more assistance, you can also avail of their Concierge Services at a 1% listing commission or $999, whichever is higher at the closing. Beycome’s flat-fee MLS will assist you in selling your house at a significantly lower price than if you went through an agent directly.
Buy a Home with Beycome
Sign up for free to buy a home with Beycome! Once you sign up, you can search for listings without a Realtor and buy a home on Beycome’s platform. There you go. Your Beycome account has been created.
You can flick through the website, choose the right home and then make an offer. Beycome will assist you with the offer as is that simple!
⭐ STEP 1: Create an account
You can sign up for a free account on Beycome
⭐ STEP 2: Sign a Buyer Broker Agreement
After Signing up, you sign a Buyer Broker Agreement with Beycome to make Beycome your legal broker.
⭐ STEP 3: Offer a price
Select the property and offer a price online. Then your offer document will be arranged by Beycome as per the state’s regulations. Beycome’s experts will also provide guidance throughout the negotiation and counter-offering process.
⭐ STEP 4: Close the deal
- Tip: Beycome is primarily for sellers. Another way to buy your dream house without any hassles of constant calling could be through Flat Fee MLS websites. You save on the 3% listing agent’s commission by investing just a few dollars.
Following the successful completion of a transaction through Beycome, the company will collect a 3% buyer’s agent commission from the seller and reimburse you minus a flat service fee of $999. Beycome will only refund you if your 3% commission exceeds their flat-fee service cost.
According to Beycome, if you’re acting as a buyer’s agent on your own, you should be entitled to the agent’s commission.
For example: On a $200,000 home, that’s a $5,000 save. Remember that the refund amount is subject to the lender’s approval, and if you buy a home listed on Beycome’s For Sale By Owner platform, you will not be entitled to any commission refund. After all, it is an FSBO platform, which is likely.
What is Beycome’s Pricing Structure?
Beycome offers 3 packages to list your homes, for you will have to pay a single upfront fee to use their MLS flat-fee platform :
|1.||Basic Package, which provides essential listing solutions||$99||This plan lists your property in less than 36 hours, lets you post unlimited photos to MLS, receive free legal forms and disclosures, and receive complete legal offers online. With this package, you can also edit your listing without a fee. They also offer Customer Service 7/7 in English and Spanish, and Call/Chat/Email support is available.|
|2.||Enhanced Package for Full Coverage||$299||Beycome’s Enhanced package includes everything in the Basic package plus customizable yard signage, a lockbox for showings, featured listing status for your property on beycome.com, and a virtual tour video on YouTube.|
|3.||Concierge service||$499||The package comes with a 1% fee and a minimum of $999. It also includes Comparative Market Analysis ( CMA), Home valuation service & pricing assistance, Full negotiation and paperwork support, Full Immersive 3D tour.|
👉 Houzeo’s Pricing Structure: Use Houzeo’s Pricing Structure for Competitive and cost-effective pricing.
Need competitive and cost-effective pricing? CLICK HERE
As a buyer, you will not be required to pay anything to utilize Beycome’s platform, and it’s completely free! You may simply register on the Beycome website and browse the available properties. They charge a regular 3% fee, subtract $999 flat from the commission, and refund the remaining amount in the form of a check or credit for the buyer’s closing expenses.
Pros and Cons of Beycome:
|1. Unrestricted revisions and edits||Beycome.com allows you to make unlimited changes in description, photos, or price adaption in your listing.|
|2. Expert assistance||You will be assisted in English, French, or Spanish by Beycome’s experts all 7 days a week. They also provide Call/Chat/Email support|
|3. Marketing & Advertising Support||With Beycome, you can create marketing materials and marketing materials for your listing that will help keep your property’s prominence in the minds of prospective purchasers.|
|4. Comprehensive platform:||Beycome is a comprehensive platform that provides start-to-finish solutions from the initial stages of research to the last stages of finalizing the purchase with legal, digital documentation.|
|1. Limited Coverage||It is available only in Florida, Georgia, South Carolina, North Carolina, and Alabama.|
|2. Restriction on rebates for buyers||If you purchase a home listed on Beycome’s For Sale By Owner platform, you will not be entitled to any commission return. Refunds are also subject to lender approval. There are also restrictions with FHA and VA loans.|
|3. Not for inexperienced sellers||Since it is a DIY real estate service, it might be difficult for first-time sellers.|
Beycome Customer Reviews
Beycome has substantial reviews on credible websites like Trustpilot, Google, Yelp, and Zillow.
|Trustpilot||4.2 out of 5 ratings ( 19 reviews)|
|4.3 out of 5 ratings (200 reviews)|
|Yelp||3 out 5 ratings (15 reviews)|
|Zillow||4.5 out of 5 (11 reviews)|
Customers have mixed reviews about Beycome which are overwhelmingly good for providing great initial information on the Beycome website, easy to set up and modify their listing on their FSBO platform, but several Beycome reviews state that many consumers experienced that the MLS coverage area provided was inaccurate and misrepresented the company’s capabilities.
Beycome Positive Customer Reviews
Beycome’s positive reviews talk about their cheap pricing, quick listing, and overall experience with Beycome without real estate agents.
Beycome Negative Customer Reviews
Some Beycome reviews are conflicting in terms of customer service. The customer support of Beycome is rated as helpful by some Trustpilot reviews, while others do not.
Alternatives to Beycome: Houzeo.com
Why is Houzeo a Better Alternative to Beycome?
|FSBO Website||Price||MLS Access||100% Online||Offer Management||Showing Management||5-star Reviews||Nationwide Coverage||Mobile App|
Houzeo’s online FSBO platform allows the seekers to work without any real estate agents, but is it really easy to seek a house on your own, especially if you are a first-time seller/buyer?
It is better to have real estate agents help you with everything required to complete the process hassle-free with a cost-effective realtor fee for an easy, quick, and smooth sale.
- Listing Fee: $199 - $999
- Available nationwide
- Listings Featured on Houzeo App
Houzeo.com is our top pick because it delivers an unbeatable combination of savings, tech features, and service of any For Sale By Owner website we’ve reviewed.
Houzeo saves you the listing agent commission. In addition, Houzeo’s superb technology gives you access to tools only real estate agents have. You can counter an offer online, request the highest & best, and even manage your showings. If you ever need help, Houzeo gives you 5-star customer service – via chat, email, and phone.
Finally, Houzeo discloses all its fees upfront.
- No hidden fees
- Maximum MLS exposure via the MLS – Zillow, Trulia, Redfin, Realtor.com, and 100s of other sites
- 100% automated process on the web and the new Houzeo mobile app
- Fast listing and listing changes
- Online Showings Management – via the web and the Houzeo mobile app
- Online offers Management- counter an offer or request highest & best yourself!
- Risk-free. Cancel anytime
Houzeo has a (2,196 total reviews) on popular review sites.
Houzeo is available nationwide.
1. High-Tech FSBO Website
Houzeo is one of the best options to consider as it is the most technologically advanced For Sale By Owner website in the United States. With Houzeo, listing a home will be simple, updates will be quick, and processes will be automated. As one of the greatest FSBO websites, Houzeo is completely operational. As a result, you will have the least amount of communication with the listing agent as a seller.
Houzeo’s For Sale by Owner website also includes advanced FSBO features like online offers and a simple showing management tool, among other things. Using these high-tech capabilities, you may quickly approve showings, analyze offers and counteroffers, or request the highest and best offers available. There is no other FSBO website that comes close to providing these services.
2. Excellent Visibility of Listing
Houzeo values customers’ time and money and provides access to over a million potential buyers. It provides maximum exposure, and your property will appear on sites like Trulia, Realtor, Redfin, and Zillow.
3. Flexibility in Setting Buyer’s Commission Rate
Houzeo allows you to set a range for the buyer agent’s commission. Even though it gives sellers the option to choose the buyer agent’s commission rate, it always recommends that they choose 2.5 percent.
Other Alternatives to Beycome
- Listing Fee: $95 Upfront
- List within 24 hours
- $450+ in Hidden Fees
Homecoin’s biggest attraction is the $95 listing. But when you sign up, you’re faced with a clunky online dashboard which makes listing your home a chore that can take hours. Homecoin charges a very significant amount ($450) for state-required seller disclosures. Since sellers are required to file disclosures, this fee is mandatory.
Homecoin told us that disclosures are provided for free, but the proof that they sent in was blogged that was just updated. The pricing page does not reflect any disclosures provided for free. In addition, sellers related to Houzeo have sold properties on Homecoin.com, but they were refused seller disclosures and had to pay extra for them.
In addition to this, various options are significantly more expensive with Homecoin. Yard signs are advertised as free, but that’s deceptive. Yard signs are only available with post rentals – so you can’t really get one for free. For a $49 utility, you’ll end up paying $97 just for a rental yard sign. In addition, you have to worry about sending the yard sign postback because it is a rental.
For showings, Houzeo provides a free Showing Management service. Homecoin provides Realtor lockboxes, so an unrepresented buyer can never view your property without engaging an agent. Additionally, these lockboxes are expensive rentals at $125 + a $120 deposit. And again, these are rentals so you have to send them back or forfeit your deposit.
- FSBO listing
Homecoin has 5 out of 5 ratings and 93 reviews on Yelp.
It Covers California, Florida, Georgia, North Carolina, Tennessee, and Virginia
Discount Real Estate Brokers
- Listing Fee: 1.5% of sale price
- Available in 80+ U.S. Markets
- Advanced technology
Redfin is one of the best online discount real estate brokers out there in the market today.
Save on commission fees: When you opt for Redfin over a traditional home-selling method, you can save up to 20% – 30% on the commission fees. Though, trying to provide their service 3x faster than the traditional method could limit their ability to provide you with personalized service.
Additional services: The discount realtor has a thorough listing agreement but it takes approximately 18 days to get a property listed on the MLS. With Redfin, you get add-on services like a professional photographer, MLS listing, open house schedule, yard sign, and much more.
Good technology: It has one of the best technology among different discount real estate brokers. They have a powerful platform that is ideal for full-service brokerage. Redfin houses a fantastic user interface for sellers to make their job easier.
- Strong technology
Redfin has an on Consumer Affairs.
Redfin covers 80+ Markets in the United States.
Several features are included in each of Beycome’s packages, which are reasonably priced at $95; in contrast, Redfin charges a 1 percent listing fee, which might be far higher than Beycome’s flat rate.
Although Redfin promises a flat commission rate, their reductions are subject to minimum fees that range from $2,000 to $7,000, depending on where you live. Redfin’s minimum fee is approximately $3,350 on average.
Other Options You Should Consider
1. Sell to iBuyers
iBuyers make an offer on your property within 24-48 hours and can close within 7 days or more. Most iBuyers like Opendoor and Offerpad are also known to offer the Fair Market Value (FMV) for your property.
Selling to an iBuyer has certain significant drawbacks. These include:
- Limited coverage, restricted to metro and urban areas
- Strict eligibility criteria without exceptions
- Non-negotiable offers
- 5% service fee
- 2% – 8% repair costs
⭐ Our Take: We recommend iBuyers if your house meets the iBuyer company’s eligibility criteria.
👉 iBuyer Reviews: Check out rankings, pros, cons & alternatives of top iBuyers in America
2. Sell to “We Buy Homes for Cash” Companies
Unlike iBuyers, “We buy homes for cash” companies help you sell your house as-is fast. They can even close within 7 days or any date you choose. “We buy homes for cash” companies also make cash offers for homes outside metro areas or in difficult-to-sell locations.
Here’s why traditional cash home buyers could be a bad option for you than an iBuyer:
- They make lowball offers and offer only 50% – 70% of market value.
- Their offers are non-negotiable
⭐ Our Take: We recommend selling to a cash home buyer if you are selling a distressed house “as-is” without looking for the best price.
👉 “We Buy Homes for Cash” Companies: Check out America’s biggest cash home buyer companies in 2022
“Cash for Homes” Companies Near You
3. Sell FSBO With Flat Fee MLS Services
Listing with a Flat Fee MLS service gets your house on the market within just 24-48 hours. Selling For Sale By Owner has increased substantially in the past few years, with 77% of FSBO homes being sold in less than 2 weeks.
Flat Fee MLS is one of the best ways to sell your house fast, and it has 4 major benefits:
- MLS is the fastest way to hit the market, plus your listing is syndicated to Zillow, Realtor.com, etc.
- Your listing gets maximum exposure.
- You can negotiate all offers.
- You skip paying commission or service fees.
⭐ Our Take: We recommend Flat Fee MLS companies for most home sellers. They are fast, and you will save thousands in commissions.
👉 For Sale By Owner Websites: Check out the rankings for America’s best FSBO websites
While Beycome’s tools and price seem useful in listing/buying a property, the effort and time necessary in doing so without an agent are bothersome. Most homeowners who take this approach eventually engage a realtor to assist them sell their homes. Even if the sellers do not pay a listing commission, closing costs, and a 3% buyer’s agent commission, they are ultimately responsible for paying these fees.
If you want to save money, Houzeo makes it feasible! Our basic and premium packages are more comprehensive than other real estate platforms. The process is easier and faster with a user-friendly interface and digitalized papers.
Frequently Asked Questions
What is FSBO?
For sale by owner (FSBO) is a term that refers to a method of listing a property for sale. When a house has an FSBO listing, it means the owner is selling the property without the help of a listing agent or broker.
Who are the top competitors of Beycome?
The top competitors of Beycome are :
We Buy Houses
Which is the best FSBO company?
There are various FSBO companies out there that provide good services. Companies like Houzeo, Redfin, and Homie top the charts.
Should you really sell your house without an agent?
If you are an experienced seller , then selling a house with an agent is an option. For inexperienced sellers, it is advised to sell your house through an agent.
Can brokers charge a flat fee?
Yes! While traditional real estate agents are compensated as a percentage of the final sale price, flat-fee real estate brokers charge a single rate for their services — or a flat rate — regardless of the amount of money the home sells for in a given transaction.
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