If you are selling your home and are seeking any type of help to get you started, this is the place where you can get a dilettante’s guide to listing homes and selling them. The much tried and successful way to extract the best deal is to go for listing with an agent of real estate or a realtor.
Putting your home on Kelowna MLS listings with a realtor means that as a seller, you come into an agreement with an experienced realtor who assists you to put your home up for sale in such a way that it is brought into the notice of various buyers in the market.
Listing your home with a realtor has many advantages over doing it independently. First and foremost, you as new to the whole realm of real estate would take a very long time to figure out the way this functions. Listing with an agent saves you the unyielding labor and time that you would invest if working alone. Selling your home in areas such as Los Angeles, Bel-air and Beverly Hills is no cakewalk. To find the buyer, you need to have a lot of options at your disposal and thus need to build contacts with potential buyers.
A real estate agent has a ready list of the buyers who would be interested in your home and acts as your representative to them. Another complicated task that a realtor can very efficiently handle for you is surveying the market. Every market has its own characteristics and only a person who has been around can be expected to be familiar with the typical shifts of that market. Same is the equation of a real estate market and an agent. So when listing with an agent is saving you so much time and consequently, money, why take the pains to struggle alone?
The agreement with your realtor entails paying him/her the nominal commission. The agreement is totally transparent making dealing with the agent a fraud-proof affair. Now, there are three major types of agreements with an agent. The open listing type of agreement lets the seller sell the home by himself/herself. In such type, the owner may engage in listings with more than one agent and only pay commission to the Kelowna MLS agent who brings a buyer. Here the majority of the work is in the hands of the seller as the realtor only represents the buyer. This has a drawback of being almost like working independently.
An exclusive agency listing differs from the above as here the agent represents the seller and not buyers in the transactions. However, the seller here retains the right to the home and the right to pay the commission to the realtor working for him or her.
The most common and profitable type of listing is the exclusive right to sell the listing. This listing with the agent gives him/her the exclusive right to earn the commission and represent the seller. The realtor has the responsibility of getting hold of a buyer either directly or through another brokerage. The seller here pays both the listing and selling fees.
Other than these, there are various other attributes for the listing agreements and experienced agents would dutifully show them to you on your request. All in all when selling your home listing the home becomes an indispensable option.