Determine Your Home’s Asking Price
A REALTOR can help you enter the market at the right time, analyze market trends and ensure that you are buying or selling your property at a good price. When it comes to making the most significant purchase of your life, make sure you don’t lose out on thousands of dollars.
Set the right price
If you set your price too low, you could miss out on thousands of dollars, however, if your asking price is too high, you could scare away willing buyers.
REALTORS know the market
Your REALTOR understands what’s happening in your local market as well as industry trends that may impact how you sell your house.
REALTORS can calculate your home’s value
Using the extensive background information available exclusively to them, REALTORS can compare your home to a collection of similar homes recently sold in your area.
Sign a Listing Agreement
Signing a listing agreement officially gives your REALTOR® the green light to start selling your home. The agreement serves three main purposes:
- It defines your relationship, including the limits of your REALTOR®’s authority.
- It provides detailed information about your home which can be placed on a real estate board’s MLS® System.
- It forms the basis for drafting offers on your home.
Highlights of the Listing Agreement
This describes the legal relationship between you and the real estate brokerage and sets a time limit for the REALTOR® to sell your home.
Exclusive vs. Multiple Listing Service
An exclusive listing states only your brokerage can find a buyer for your home. Most REALTORS recommend a multiple listing, which allows them to put your home on a real estate board’s MLS System—a powerful tool that will allow your listing to be marketed to potential buyers.
This may be a flat fee or a percentage of the final sale price.
This includes the lot number, land surveys and the zoning code.
Let potential buyers know the minimum deposit you require.
How the home will be shown
Your REALTOR can arrange viewing appointments and open houses. Any specific instructions, such as, “make sure the cat stays in” can also be noted.
What’s included in the price?
Fixtures are permanent improvements to a property like central air conditioning, installed lighting and wall-to-wall carpeting. Fixtures are assumed to be included in the sale of the home.