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Do you need a listing agent?

4 May 2005
By Jonathan Herbert

Consider these points when deciding whether or not to work with a listing agent to sell your home.

With a Listing Agent

You sign with a listing agent and are under contract, which is legally binding giving the agent the exclusive right to sell your property within a certain period of time.

The agent does market research and helps you to determine the best value of your home in the current market.

The agent markets your property, will advertise your property, and schedule and conduct showings of your property.

An agent will make suggestions and help you determine what must be done to your home in order to receive the best value from the sale.

The agent acts on your behalf during the transaction process, completes and files the proper paperwork, and will negotiate your terms to the buyers.

The listing agent receives payment for their services in either a percentage or a flat rate.

Going it Alone

You are legally in charge of the transaction. Make sure you understand and follow the rules and regulations regarding the sale of your property.

You need to research and determine the value of your property.

You need to market and learn how to present your property.

You will typically pay for the buyer’s agent’s services. You may also need to pay for additional services that you require during the transaction.

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