Getting started for home owners
LIST YOUR PROPERTY
Upload information about your property, including location, description, photos, and asking price. Decide also what you want to charge potential buyers per day.
MAKE KEY IMPROVEMENTS
Use the income generated from bookings to make small key improvements, such as refurbishing some rooms or reconditioning the property’s façade and common areas.
SELL IT BETTER AND FASTER
Supervise the property’s viewings or, if you prefer, leave that to us, begin to review offers, and sell for the best one to benefit from your property’s improved market reposition.
What type of properties do you specialise in?
We specialise in vacation homes or second homes currently not in frequent use by their owners at any location in which we can establish a listing partnership with a local and reputable real estate agent.
What license do I need to let potential buyers stay in my house for a few days?
In most countries, the law establishes properties require a licence when either: accommodation is offered in a systematic or recurring way, for long or indefinite periods of time, are purposely established and advertised as a steady source of income for the owners, the owner or representative doesn’t live in the property, or the property offers services comparable to an apartment rental business. In the case of Houszy’s bookings by house buyers, none of the above applies. In fact, what home buyers book and pay for is not a short-term stay, but an option to buy a property during a certain a number of days, which gives them the added right to visit it anytime they want as expected future owners.
In any case, we make sure we supply the owners beforehand with the legal information that applies to their specific jurisdiction before asking them to commit to any booking agreements.
Do you provide listing agreement templates?
Yes, we provide agreement templates per assignment type and country according to local laws and regulations. And in addition, we like to propose draft agreements on each project, taking into account what was previously agreed by all parties.
What are the advantages of having regular visitors to my house instead of leaving it empty while it’s for sale?
Leaving your property empty for any length of time is equivalent to asking for trouble. Not only is your vacant house far more likely to be vandalised and burgled, but your home and contents insurance becomes null and void after your home is empty for longer than a month.
What about liability insurance?
We can suggest a Home Owner Protection Insurance program to provide primary liability coverage in the event of a third-party claim of bodily injury or property damage related to a Houszy stay. However, we always ask potential buyers to sign a waiver for possible claims at the time of booking.
Am I bound to selling my house if I submit a listing?
Yes, interested buyers when booking for an evaluation stay are in fact paying for an option to purchase your property for the asking price, but with the added benefit of a free stay.
How does the option-to-buy work?
Generally speaking, an option-to-buy agreement, also called a real estate option, is an arrangement in which, for a fee, a potential buyer or investor acquires the right to purchase real estate sometime in the future. Option contracts are often used in both commercial and residential transactions.
In this regard, we have legally adapted the typical real estate buy option agreement to the Houszy concept. We have done that by shortening the typical real estate option into days to be able to offer it as an incentive to a wide variety of interested buyers. Specifically, house owners, instead of having the burdensome work of signing an option with every potential buyer, we previously sign a long-term option with them, which we then assign to potential buyers for an agreed number of days.
Do you provide marketing support to owners on For Sale By Owner (FSBO) deals?
We are not a registered real estate agency and therefore, in most markets, we can’t provide an agency type of service. However, we can advertise your house for you in more than 30 real estate portals for free. And, of course, show your property on our website, and offer potential buyers the possibility to visit it or take an evaluation stay. Just taking care of these visits and having the properties ready for viewings, takes away much of the owners’ strain, and considerably improves their selling chances, as well as it shortens the time these properties are in the market.
On what situations can you provide a butler?
We can provide a butler if we reach an agreement with the real estate agency on sharing a commission with them, in exchange for increasing their chances of selling the property.
How long is typically a butler's stay and do I need to sign a rental agreement?
The duration of these stays depends on everyone’s agenda and the length of time the property is expected to be on the market. In any case, these stays should always be for a minimum of three months to make the assignment worthwhile to everyone.
A rental agreement is not required, what is required however is for the assigned butler to sign a freelance contract with Houszy, and for the owner to include a service clause in the assignment agreement with Houszy.
What if the butler taking on the assignment remains in the property past the agreement deadline?
Houszy takes great precautions in the selection of reliable and very professional people to prevent this from happening. In fact, we only enrol candidates who have secured for themselves a proven reputation, have strong references and a good social media profile.
In addition, every person taking on an assignment has to sign a legal binding contract with Houszy to make sure that we can take the necessary legal actions in case this happened.
What fees do you charge for your service?
We ask owners a one-off fee equal to the booking price of one day, which we only charge when the first booking is made.
Our service fee to buyers is 15%, added to the total booking amount plus 1% success fee.
We believe our fees are well deserved because we provide two very important services to potential buyers:
- The first service we bring is the possibility to “test” selected properties before they buy them, which can save them a lot of money in both scenarios: whether buying or not. If buyers, after their stay, decide to buy, they will have more valid arguments during negotiations; and, if otherwise, after staying at the property they decide not to buy it, then, obviously, they would have avoided a costly mistake.
- The second service we provide is to guide potential buyers as to how much their offer should be, as we would know what other offers have been rejected for being too low; or alternatively, what would be the likely offer the owner would be happy to accept.