Selling through Roofstock

[Bryan Hartlen]

Hello BP community. I've seen a few posts on Roofstock but haven't seen my specific questions listed or answered. Hoping you can help out. I'm interested in the viability of Roofstock as another potential exit for tenant in-place investment properties. For those of you that have sold a SFR property through Roofstock:

- Did you price your property using a cap-rate? or market comps?

- How was the experience compared to selling through a local realtor?  Besides the benefit of selling with tenant in place any other benefits that might not be immediately apparent?  Any issues that someone new to the service should be aware of?

- Are your DOM faster or slower than through your local realtor?

- Net proceeds better, same or worse?

Thanks for the insight!

[Tony Kim]

Quote from @Bryan Hartlen:

@Rebecca K.we didn’t use Roofstock. Haven’t met many that have… so we’re not sure if it’s worth the cost (time and dollars). 

They move way too slow for my taste. Also, I needed to explain the same thing to the agent that was assigned to me over and over. I don't know if it was because she was just inexperienced or what, but it was a very frustrating experience. On the upside, they do have exposure to a national marketplace. If I used a local agent, I'm pretty sure I wouldn't have been able to sell to my buyer as he was located in a completely different time-zone.

Also, I believe the cost is less than what it would be when using a traditional agent.