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.
A realtor can help you set the right price.
Setting a price too low means you lose money in the transaction
Setting a price too high means buyers will not consider making an offer which could leave your house on the market for too long
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 involved with home buying.
Larger families could be looking for more room
A new large business is setting up shop nearby
Interest rates may be at an attractive rate
REALTORS® can determine your home’s value in the current housing market
They do extensive research
They use a real estate board’s MLS system to compare your home to similar homes
They help you be prepared for the interest and activity that happens when your home goes up for sale
Sign a listing agreement
This is a legal agreement for your realtor to represent you and the transact the sale of your home on your behalf
It defines your relationship with your relator and the extent of his/her authority
It provides detailed information about your home
It forms the basis for drafting offers on your home
Highlights of the Listing Agreement
Authority – the legal relationship between you and your realtor and the time limit in which to sell your home
Exclusive listing – means only your realtor can find a buyer for your home
Multiple listing – allows your home to be placed on a MLS system on the internet
Price – you have the final say, but consider your realtor’s advice carefully
Determine your home’s asking price
Real estate commission
Could be a flat fee or a percentage of the final sale price
Is the agreed compensation between you and your broker
Includes an itemized description of your property
Dwelling’s age
Construction style
Number and size of rooms
Other selling features (newly renovated kitchen)
legal information (lot number, land survey, zoning code, etc.)
Financial information
Minimum deposit required
Low-interest rate mortgage that can be assume
Completion date – how long you need to move out once the house is sold
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.
What is included in the house price?
Chattels – moveable items like washers, dryers, microwaves, and window blinds
Not always included, but can be a part of the deal at the seller’s discretion
Fixtures – permanent improvements like central air conditioning, upgraded lighting, wall-to-wall carpets. Fixtures are assume to be included with the
