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INTRODUCES. (1st Licensee site). Today’s Buyer is Tomorrow’s Seller and Every Seller is a FSBO. JABIN Software Quick Reference. PG Mission Statement 1 Who is JABIN Software 2 Business Model 3 What is a FSBO 4 THE iGOfsbo SYSTEM What is the iGOfsbo System 5
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INTRODUCES (1st Licensee site) Today’s Buyer is Tomorrow’s Seller and Every Seller is a FSBO
JABIN SoftwareQuick Reference PG Mission Statement 1 Who is JABIN Software 2 Business Model 3 What is a FSBO 4 THE iGOfsbo SYSTEM What is the iGOfsbo System 5 Corporate Home Page 6 END USER SOLUTION WHO is an iGOfsbo User 7 PG END USER SOLUTION (cont.) WHO is an iGOfsbo LICENSEE 8 WHY iGOfsbo- LICENSEE 9 LICENSEE Home Page 10 HOW a LICENSEE Benefits 11 My Open House ANYTIME 12 Call To Action 13 CONTACT Information 14
JABIN Software Mission Statement Blending technology and the human touch to network Buyers & Sellers using an affordable online platform that encourages confidence, efficiency, transparency, and security to address the needs and interests of all users.
WHO is JABIN Software? • JABIN Software is a leading edge sales and marketing/media proprietary software company. • JABIN Software endorses a “Consumer Centric” transaction model. • JABIN Software has developed and deployed 3 supporting online real estate platforms- 1. iGOfsbo.com- the Corporate site 2. Licensee website template- “Powered by iGOfsbo” 3. MyOpenHouseANYTIME.com.
JABIN Software Business Model CORPORATE iGOfsbo.com • iGOfsbo • LICENSEE • R.E.P. (Professional) • R.E.E. (Entrepreneur) BUYER SELLER
What is a FSBO? • FSBO (fizzbo) or For Sale By Owner is the process of selling real estate without the representation of a real estate broker. Homeowners typically market their own property, do not pay a commission, and represent themselves with the help of their own attorney. • FSBO FACTS: • 90% of all Home Buyers start their home search on the internet • FSBO’s are typically on the market for less time than Traditional agent assisted Homes. • 10% or 456K homes a year (on average) sell FSBO. • 2 in 5 Sellers use FSBO to avoid paying a real estate commission.
What is the iGOfsbo System? • It is an end user solution for Sellers, Buyers and the iGOfsbo Licensee. • It is the Evolution of Real Estate Sales and represents the greatest real estate model enhancement in the last 40 years. • “iGO” implies the modern age of the internet and “fsbo” is the acronym For Sale By Owner. • It is a SaaS(Software as a Service) platform that marries Technology and the Human Touch supported by an iGOfsbo Licensee to transact real estate online- from creating a listing to making an offer- without ever paying a real estate commission. • Sellers can LIST, POST, NEGOTIATE and SELL and Buyers can SEARCH, VIEW, NEGOTIATE and BUY real estate online. The platform is transparent, secure and cost effective. • The iGOfsbo system employs the patent pending software system of the 4 Core Elements + 1. The 4 Core Elements +1 are: 1. the iGOfsbo Passbook, 2. the Seller’s Timeline, 3. the Seller’s Parameter, 4. the Proprietary Offer Protocol (POP) process, and the +1 of the premier online video website located at MyOpenHouseANYTIME.com.
WHO is an iGOfsbo USER? An end USER is a Seller, a Buyer and Licensee.SELLER- a consumer that embraces technology and is eager to maximize home equity (profit), wants to reduce transaction costs, decrease Days on Market (DOM), streamline the Sales process and maintain control.BUYER- a consumer that embraces technology and is eager to save money, “Buy with Confidence”, seeks efficiency, demands transparency and wants to stay in control.LICENSEE- a Real Estate Entrepreneur (R.E.E.) or Real Estate Professional (R.E.P) that subscribes to the technology and human touch of the iGOfsbo system to deliver a higher level of service that is more cost effective and efficient.
Who is an iGOfsbo LICENSEE? • A vetted and authorized individual or company that holds the right to deploy the iGOfsbo system’s 4 Core Elements +1. • All Licensees operate as an independent business, autonomous from JABIN Software, LLC. • Licensees are Real Estate Entrepreneurs (R.E.E.) or Real Estate Professionals (R.E.P.) R.E.E.- supports software only; good for individuals that have not acquired a state real estate license. R.E.P.- supports software and real estate transaction. Provides a turnkey operation for existing or new real estate agent/broker. Works as an excellent Lead Generator for a real estate attorney, loan originator or developer. • Makes “Matches that Happen” between Buyers and Sellers. • Career Professional.
Why iGOfsbo?(for Licensee) • Control Destiny. • Flexible Compensation Model. • Leverage technology to increase business volume. • Multi-Channeled Lead Generator. • Time and Resource Management. • Reduces Operating and Resource overhead. • May secure multiple licenses. • Consumer Centric platform delivering the highest quality and level of service without increasing costs. • Low cost Turnkey Opportunity with website template and marketing support.
Example TRADITIONAL BROKER MODEL iGOfsbo MODEL Total % of Sales Price Sales Price Fixed Fee % of Sales Price Commission* Commission $100,000 $3,000 3.00 $1,250 5.00 $5,000 $200,000 $4,500 2.25 $2,500 5.00 $10,000 $300,000 $6,000 2.00 $3,750 5.00 $15,000 $400,000 $7,500 1.88 $5,000 5.00 $20,000 $500,000 $8,500 1.70 $6,250 5.00 $25,000 $600,000 $10,000 1.67 $7,500 5.00 $30,000 $700,000 $11,000 1.57 $8,750 5.00 $35,000 $800,000 $12,000 1.50 $10,000 5.00 $40,000 $900,000 $13,000 1.44 $11,250 5.00 $45,000 $1,000,000 $14,000 1.40 $12,500 5.00 $50,000 *agent commission assumes a 4 way traditional split of Total Commission How a LICENSEE Benefits • The iGOfsbo LICENSEE keeps 100% of all Fixed Fees collected. • The iGOfsbo LICENSEE makes a greater profit and may charge the Seller less of a % Sales Price. • The iGOfsbo model encourages a Free Market that supports the iGOfsbo LICENSEE in their effort to service the Seller and Buyer. • An iGOfsbo LICENSEE maintains a competitive advantage over the Traditional agent and may charge any Fixed Fee amount that best reflects their operating market. • The iGOfsbo system is flexible allowing the iGOfsbo LICENSEE to target promotions and charge adaptable Fixed Fees at different sales prices.
What is MyOpenHouseANYTIME.com“VIEW OPEN HOUSE VIDEOS ALL DAY, EVERY DAY” A novel video online website solely designed to showcase videos and pictures of property For Sale or Rent. • LICENSEE- a free robust Lead Generator. It’s your silent partner always working for you 24/7/365. • SELLERS- a free listing video platform and powerful Marketing tool. • BUYERS- a free convenient service for busy Buyers that want to tour open houses on their time- not just on Sunday’s anymore.
Call to Action • Join in the Evolution of Real Estate. • Register Now and unlock all the tools of the iGOfsbo system. • Be one of the possible 5 million consumers this year that will make Matches that Happen with a Licensee “Powered by iGOfsbo”.
Additional Information OUR WEBSITES: iGOfsbo.com Corporate portal Listing aggregator Your Licensee site.com 1st Licensee MyOpenHouseANYTIME.com Multimedia focused listing aggregator CONTACT US: JABIN Software, LLC. 11 Summer Street, Suite 8, Chelmsford, MA 01824 Email: info@igofsbo.com 978.250.FSBO (3726) 855.890.FSBO (3726)