Listing Your Home

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Listing Your Home

Determine your home’s selling price

Asking the right price attracts many potential buyers who may compete with multiple offers to consider. This gets you the maximum return for your home.

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A realtor can help you set the right price. List Your Own Home

  • 1. Setting a price too low means you lose money in the transaction
  • 2. Setting a price too high means buyers will not consider making an offer which could leave your house on the market for too long
  • 3. When you lower the price, people assume you are under pressure to sell, and lower their offers even further.

A realtor knows and considers the ever-changing factors invlived with home buying.

  • 1. Larger families could be looking for more room
  • 2. A new large business is setting up shop nearby
  • 3. Interest rates may be at an attractive rate

REALTORS® can determine your home’s value in the current housing market

  • 1. They do extensive research
  • 2. They use a real estate board’s MLS system to compare your home to similar homes
  • 3. They help you be prepared for the interest and activity that happens when your home goes up for sale

Sign a listing agreement

  • 1. This is a legal agreement for your realtor to represent you and the transact the sale of your home on your behalf
  • 2. It defines your relationship with your relator and the extent of his/her authority
  • 3. It provides detailed information about your home
  • 4. It forms the basis for drafting offers on your home

Highlights of the Listing Agreement

  • 1. Authority – the legal relationship between you and your realtor and the time limit in which to sell your home
  • 2. Exclusive listing – means only your realtor can find a buyer for your home
  • 3. Multiple listing – allows your home to be placed on a MLS system on the internet
  • 4. Price – you have the final say, but consider your realtor’s advice carefully

Determine your home’s asking price

Real estate commission

  • 1. Could be a flat fee or a percentage of the final sale price
  • 2. Is the agreed compensation between you and your broker
  • 3. Includes an itemized description of your property
        3.1 Dwelling’s age
        3.2 Construction style
        3.3 Number and size of rooms
        3.4 Other selling features (newly renovated kitchen)
        3.5 legal information (lot number, land survey, zoning code, etc.)
  • 4. Financial information
        4.1 Minimum deposit required
        4.2 Low-interest rate mortgage that can be assume
  • 5. Completion date – how long you need to move out once the house is sold
  • 6. How your home will be shown – your realtor can make the viewing appointments on your behalf. Be sure to add specific instructions for these visits as needed.

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