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Choosing The Right International Real Estate Investment
In this article I am addressing real estate and investments internationally. There are a multitude of opportunities in the real estate market in the world, ranging form great deals on retirement homes to investments for appreciation, project...
Gatlinburg's Real Estate Market
Real estate in Gatlinburg is thriving. While the 2000 census estimated that some 3,300 people live year-round in Gatlinburg, many thousands more visit during every season of the year. As these crowds visit Gatlinburg to enjoy the outdoor activities...
How Long Will It Take To Sell Your Home?
How Long Will It Take To Sell Your Home?
I am often asked how long it will take to sell a home in today's market. Many parts of the country are generally enjoying a seller's market and have been for several years.
Apart from the obvious...
Selling A Millionaire Home And Keeping It A Secret!
Selling a millionaire home is hugely different than selling any other type of real estate. Many owners quite rightly so do not want Luxury home window shoppers trampling over the marble floors of their luxury homes. Millionaire home owners by there...
The Miami Condo Market
The Miami condo market is very diverse and offers a large number of different solutions for those interested in purchasing or renting a condo. People from all over the world are attracted to the vibrant Miami area and its supreme climate for...
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Types of Listings with Agents
There are several different types of listing contracts. Few of them are detailed below:
Open Listing
This type of listing is when you, the seller, don’t want to commit to any one particular agent and when you are also open to selling the home by yourself. This type of listing with an agent gives him the right to bring buyers around to view your home and should the deal go through, the agent earns a commission. This is a non-exclusive type of listing and the disadvantage of such a listing is that the agent is not going to spend too much on marketing your home or putting it in the Multiple Listing Service. The advantage of this type is that, should you find a buyer yourself, you would save on the commissions that would otherwise go to the agent.
One-Time Show
A "one-time show" is similar to an open listing and is most often used by real estate agents who are showing a FSBO (for sale by owner) to one of their clients. The home owner signs the agreement, which identifies the potential buyer and guarantees the agent a commission should that buyer purchase the home.
Exclusive Agency Listing
This type of listing would have you sign on with only one agency / agent and
would ensure they get the commission if another agent brought a buyer for this place. However, if you get a buyer on your own, the agent is not entitled to any commission. This is not a popular type of listing agreement. Some unethical buyers or sellers will try to cut out the agent, even though it was an agent that brought the buyer to the home.
Exclusive Right to Sell
This type of listing involves entrusting your agent with the exclusive rights to sell your home. Regardless of who sells the home, even if you sell it yourself to a friend at work, your listing agent will earn a commission. Such listings usually give an agent to spend on marketing your house and also listing it on the MLS.
About The Author
Sameer S Panjwani is the CEO and Founder of ChoiceOfHomes.com - A Real Estate Portal for Home Buying, Home Selling and Home Renting. The website is a useful resource of Home Listings, Articles and Information related to real estate. Website url: http://www.choiceofhomes.com
sameer@choiceofhomes.com
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