
Do You Need a Listing Agent?
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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