Once you have decided to sell your home, and you have found a REALTOR® who you trust and feel will do the best possible job in selling your home, the next step is to enter into a listing agreement. The Listing Agreement is the contract that will set the stage for what your relationship with your REALTOR® will look like. In technical terms, the listing is your authority for a REALTOR® to act on your behalf in offering your property for sale. There are many different components of a listing agreement. See below for detailed information on some of the items that may be included in your listing.
After your REALTOR®, has conducted a Comparative Market Analysis (CMA) on your property, he or she will discuss pricing with you based on recent sales and current comparable listings. The listing price will be included in the listing agreement.
Commission is placed in the listing contract as well. This allows all parties to have a clear understanding of how your REALTOR® will be paid for his or her services. Usually this is a percentage amount.
Length of Contract:
The listing agreement is usually for a stated period of time. You can choose a time length with your REALTOR®, whether it be 30, 60, 90 days or even six months.
Usually the listing agreement will note how your REALTOR® plans on marketing your home. I.e., placing your home on the MLS®, on their company web site, through newspaper advertising etc…
The listing agreement clearly identifies the nature of your relationship with your REALTOR®, outlines the details of the listing of your home and provides a distinct picture of how the sale of your home will proceed. Your REALTOR® should carefully go over all the terms and conditions of the listing agreement with you so that you have a clear understanding of what your contract entails.
For any real estate assistance in the Oakville, Burlington, Milton area contact Mary at email@example.com