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Listing Your home

​DETERMINE YOUR HOME SELLING PRICE

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  • 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 house unless the seller makes a note otherwise.

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