A combination of several methods will be used to market your property, including the MLS (multiple listing service), Zillow, Realtor.com, signage, brochure boxes, our fully staffed office, our website and social media. In some instances additional advertising in real estate magazines may be used.
Commission is negotiable. That said, you get what you pay for. Your REALTOR® is likely going to offer you a commission based upon what they believe will make their services competitive enough for you to select them, while also providing sufficient incentive for them to aggressively market your property.
The length of the listing contract will depend on a combination of standard practices of the REALTOR® and the preferences of the seller. Generally the REALTOR® will suggest a length that comports with the areas selling season, while the seller may have other needs and/or limitations. Ultimately, the term is negotiable between the REALTOR® and the seller.
Typical closing expenses for seller include the abstract and title search, survey, real estate commissions, and transfer taxes.
Many sellers believe they should overprice their home to leave room for negotiation, but this can be misguided. A well-priced home will sell more quickly, and if it is properly valued, should sell for close to the list price. Pricing a home too high to leave negotiating space may result in fewer showings and less exposure or interest in your property.
When selling a home, it’s important to disclose any issues you are aware of. Honesty is the best policy.
When you decide to sell your home, one of the most important steps you should take is putting the home in “showable” condition. You want potential buyers to fall in love with the property, not feel overwhelmed by its poor condition. The more steps you take to clean the home up and make it an inviting space, the better off you will be. Don’t neglect the exterior, curb appeal is of paramount importance.
Ask your REALTOR® to provide you with data on current market trends. One effect tool they will use is consideration of the average number of days homes in the area are on the market. Other relevant factors are market absorption rates, number of closed transactions, average sales price and list price to sale price ratios.
The best time to sell your home will depend up a number of factors, including current market conditions, seasonal considerations and the seller’s personal wants and needs.