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What To Expect When Signing A Listing Agreement To Sell Your Home

6 April 2020

Cody Day

Are you currently looking for a listing agent to hire for assistance with the sale of your house? If so, you can find one by calling a real estate agency. Once you select the agent you want to hire, you can schedule a visit at your home to work on signing the listing agreement. If you have never done this before, here are some of the parts of the listing agreement the agent will discuss with you during this visit.

The Type of Agreement You Have with the Listing Agent

When you list your home with an agent, you can choose from several types of agreements. The most common type is an exclusive right to sell agreement. With this option, you agree to pay your agent a commission, no matter who finds a buyer for your home. The agent has a guaranteed payout if the house sells. While there are other arrangements you can choose from, most listing agents prefer this option.

The Terms of the Deal

The second part of the listing agreement your agent will discuss with you is the terms. The terms of the deal refer to the following things:

• The commission rate you agree to pay.
• The length of the contract.
• The rights and responsibilities you and the agent have in the deal.

The terms of the deal refer to the agreements between you and the listing agent.

The Details of the Sale

The details of the sale refer to the terms between you and the buyer of your home. You will need to make some decisions with this aspect of the agreement. For example, you will need to decide how much to ask for the home. You will have to determine what you will include in the sale. You may also need to determine if you would like to offer incentives with the deal. Your agent can help you decide on these things for the contract.

Other Aspects of the Agreement

There are several other aspects of a listing agreement that your agent will talk to you about. One of these is whether you will allow the agent to use a lockbox at your home. This box enables all agents to access your home for showings. You do not have to agree to this, but it does offer an effective way to handle home showings.

One other aspect of a listing agreement is the full-disclosure form. You must fill this out honestly and accurately when listing your home, and buyers will read it to learn more about your property.

If you need a listing agent for the sale of your home, call an agency today to find the one that is right for you.

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