Trelora Reviews: Pros, Cons 2022

Trelora is a full-service discounted real estate agency that can offer reduced rates for sellers and cashback for buyers.

Table of Contents

What Is Trelora?

How Does Trelora Work?

Where does Trelora operate?

How much does Trelora cost?

How do you buy a house through Trelora?

How does Trelora market your property?

What states is Trelora in?

Why did the owner of Trelora step down?

Summary

What Is Trelora?

Trelora is a full-service discount service agency founded in 2011 by Dave Workman and Joshua Hunt. Trelora currently works in 7 different states where they offer high-quality real estate services at an extremely discounted rate.

One of the most important things to know about using Trelora is that while their pricing can be low, they do not cut any of the services that normal real estate agents would offer. This means that your Trelora real estate team will help arrange for your home to be photographed, will prepare the listings for your property, will upload and advertise your listing on multiple platforms and they will assist you with all of the closing paperwork related to the sale of your property. What makes Trelora unique is how innovative its methodology and tools are. Trelora manages to keep its costs so low by utilizing different technologies and software. This means that as a seller if you choose to use Trelora for the sale of your property then you will get to benefit from some of the newest technologies available in the real estate industry.

While Trelora works with sellers primarily, they also can help buyers find their perfect home. With expert guidance and the ability to guide buyers through closing, Trelora is one of the most up-and-coming platforms for real estate transactions. What makes the deal even more appealing is that they offer cashback of up to $6,000 to buyers who choose to use their service.

Trelora is a great real estate option for those who are looking to not only benefit from finding the best home but also for those who are looking to sell their home while spending the least possible amount on brokerage fees.

How Does Trelora Work?

How Trelora work will greatly differ if you are a seller or a buyer. Both buyers and sellers are able to use Trelora agents for their real estate needs, however as expected the process that the two will need to follow is going to be slightly different.

How Trelora works for Sellers.

1. Book your Listing Consultation.

The first step to starting your journey with Trelora as a seller is booking your free listing consultation. During this session, your pricing agent will help you develop a strategy for the sale of your home that will suit your needs.

2. Arrange a professional photoshoot for your home.

Trelora’s professional photographers will come over to your house on an appointed day and take perfectly lit photos that can showcase the best angles and aspects of your home.

3. Upload the Listing.

Your Trelora agent will add your listing to many different websites, including MLS, and other real estate websites.

4. Market the Property.

Your Trelora agents will arrange digital marketing campaigns so as to boost the visibility of your listing to potential buyers. They will also arrange for open house events and other advertising campaigns to give your home more exposure.

5. Getting offers and negotiating deals.

Your Trelora agent will be able to assist you to sort through all the offers that you are receiving. They will also help you with arranging counter offers and negotiating so that you can get the best possible deal for your house.

6. Handle the Closing Paperwork

Once the negotiations are over and you are ready to sign on the house sale, your Trelora agent will be there to handle all the paperwork and guide you through all the final steps for the house sale.

How Trelora works for Buyers.

1. Get in contact with Trelora agents.

There are a couple of different ways of doing this, but by far the easiest way of going about it is through the Trelora website. When you visit the buy informational page on the Trelora website there will be a pop up on the bottom left side of the screen asking if you would like to get started. By clicking on that you will be able to simply input your details and then sit and way for an agent to come in contact with you.

2. Start communicating with your Trelora agent.

After submitting your details, you will be put in contact with a Trelora agent. The Trelora agent assigned to your case will want to know everything about the property that you are looking for. The more information that you provide the agent with the more able they will be to assist you with it.

3. Start the search for your dream home.

Your Trelora agent will send you alerts for homes that fit the description of what you are looking for. The team that is helping in your case will also be able to assist you with touring you around and showing your homes that could be of interest to you.

4. Make an offer.

Once you have located the perfect home for your needs you will be able to place an offer on the house. Once again, your team of expert Trelora agents will be able to assist you with making your offer all the more persuasive.

5. Closing

One of the most stressful aspects of purchasing a home as a buyer is making sure that you have everything in order so as to close on the house faster. Your real estate agent team will be able to assist you and guide you through everything regarding the closing. This includes any inspections, appraisals, and lending paperwork that you have to take care of.

6. Cashback

Trelora offers buyers cashback when they close on their new home. This cashback is normally for half of their commission and it can reach up to $6,000. This can work as a great incentive for buyers who want to purchase a property to sign on with Trelora.

Where does Trelora operate?

Trelora started off in Colorado in 2011 and since then it has expanded to 6 more states. Currently, Trelora operates in different cities in the following 7 states:

1. Arizona

2. Colorado

3. Georgia

4. Missouri

5. North Carolina

6. South Carolina

7. Washington

It would be fair to assume that since in the last decade Trelora has managed to expand to 6 states, they will continue to expand to new states and markets, so it is always worth checking if they have plans of expanding to your area if you are interested in their service.

How much does Trelora cost?

Trelora’s fees vary based on the state that you are in. This means that while some states have a flat-rate fee other states have a percentage commission that the seller will need to pay to access the service. In Colorado, Arizona, Georgia, South Carolina, and Missouri that flat fee is $3,000 while in North Carolina that fee is slightly higher as it is $4,000. Finally, Washington and California both have a 1% fee. Both the flat fees and the 1% commission are lower than what most sellers should expect to pay when choosing to use a conventional real estate agent. Most real estate agents charge around 2.5 to 3% for the listing services that they offer. This means that by using Trelora you may be able to benefit from thousands in savings.

The one thing to note though is that currently, there are many different discounted real estate agencies available and many of the online ones tend to offer that same 1% rate that Trelora offers in Washington and California. This means that those whose houses are in those areas they could choose a different discounted real estate agency and they would end up saving the same amount. This means that in those areas there is also a higher degree of competition as Trelora is not necessarily the cheapest option available.

Trelora Charges:

$3,000 flat-rate fee

• Colorado

• Arizona

• Georgia

• South Carolina

• Missouri

$4,000 flat-rate fee

• North Carolina

1% Commission fee

• Washington

• California

The listing fees that sellers pay to Trelora cover an array of different services. It is also important to note that those fees are all those sellers will be called to pay as there are no hidden charges that they will be requested to pay later.

Services covered by the listing fees:

• Professional photographs of your home arranged by Trelora

• Listing your homes on MLS, Zillow, Redfin, Trulia, Realtor.com, and other real estate websites so as to increase visibility

• Advertisements and marketing campaigns on social media to draw the attention of more buyers to your home

• Collaboration with a real estate team that will be there to assist you with pricing, negotiations, and contracts. Your real estate team will be there to help you with everything from listing to closing on the house.

How do you buy a house through Trelora?

Buying a house through Trelora is a relatively simple process and it is quite similar to the process that buyers would follow if they were to purchase a home through a real estate agent. Once you meet a Trelora agent you can begin to note down what you are looking for in a house. The agent will then send you alerts of properties that fit your description. They will also be there to guide you through putting an offer on the house and then through all the closing paperwork. At the end of the deal, you may be eligible for a cashback of up to $6,000 through Trelora.

How does Trelora market your property?

Trelora markets your property through advertising it on MLS, Zillow, Redfin, Trulia, Realtor.com, and many other real estate websites that can bring more exposure and attract more buyers. They also advertise properties on social media as well as, organize open house events for your home.

What states is Trelora in?

Trelora is available in 7 states currently. In each of the states that they operate sellers can contact their local agents so as to continue the process of selling with Trelora. Similarly, potential buyers are also able to use the Trelora services to find their next home. Currently, the states that Trelora works in are the following:

1. Arizona

2. Colorado

3. Georgia

4. Missouri

5. North Carolina

6. South Carolina

7. Washington

If you are in any of those states and are looking for a cheaper alternative to real estate agencies, the Trelora may be the service for you.

Why did the owner of Trelora step down?

Trelora’s CEO, Joshua Hunt, who was also one of the founders of the company stepped down from CEO of the company on December 10, 2018. The official reason noted for his resignation was that he no longer considered himself to be the best person to run the company. Trelora is not the first company to have its founder step down from the role of CEO. In fact, this is a relatively common theme in the startup world, as company founders do not always have the business background required to effectively run a large company. According to the official statements made both by the board of director chairman, and the CEO of the company the reason for Hunt’s departure was so as to encourage the continued expansion of the company and so as to ensure that Trelora would reach its full potential.

Summary

Trelora is a full-service real estate agency that does not work under the regular commission fees but instead offers its services at a reduced commission rate. This means that both buyers and sellers who use Trelora are able to benefit from large savings. The company is currently active in 7 states and it has in the past few years continued expanding across different cities in the USA. The service that they offer alongside the extremely low price makes the company a top contender for those looking to save money on the sale of their property.