A listing is a written agreement which is created in coordination of real estate agent to categorize your name in the list of sale of houses. The listing agent in short helps you in advertising and selling your house at your desired price. He owns the task of marketing your house, giving you advice, acting advocate for you, puts your house force MLS, does negotiation with customers on your behalf, completes the sale and purchase contract and at the end closing the sale and purchase with you. After his part is done we have to pay his commission as mentioned in the Listing agreement. These commissions are generally paid at the end of the sale of the property. Philly listing agent knows their work and are good at it.
Another powerful tool in the real estate world is MLS – Multiple Listing Service. This is really a useful tool which is a database inclusive of hundreds and thousands of properties which are on sale all across the country. The buyers and agents check MLS on daily basis to get an idea of the new listings which help their client get their desired house. Once your item is on the MLS it will preferably multiply the sale of force. Now not only you have a single Philly listing agent with you, you will have hundreds of agents looking a good customer for you.
The Agent can be buyer’s agent as well in that case the Listing agent and the buyer’s agent will divide there commission accordingly. They split most the times whatever commission comes from the purchase and sale of the house.
Listing agreement can be defined as a link between the Listing agent, seller and the Multiple Listing Service (MLS). The Listing agreement contains all the important information related to the property starting from the price, property price with sale, Property price without sale, when we can see the property, amount to be paid as commission to the Listing agent, consent of listing agent to present your property on the MLS, duration of contract with the Philly Listing agent, etc. all these points are mentioned in the listing agreement. This helps to keep the things between you and listing agent crystal clear and documented.
You can always think of going for an option where you don’t hire a listing agent and you can sell off your property on your own. But this can again be time consuming, stressful and at the end frustration can lead to the sale of the property at cheaper rate.
On an average, it’s Philly listing agent which helps you to sell off the property maximum times. 80 percent of the property is being sold with the help of listing agent and other 20 percent includes those cases where the property is being sold to already existing relationship be it a family member or a close friend or tenant. This one big reason you should go for Remax Philadelphia is – the best existing Philly listing agent who can help you sell off your property at desirable rate as well with ease.
Since, most of the property is being sold with the help of Remax Philadelphia who not only have a look on MLS but also in the newspapers where FSBOs share their properties for market purpose. Most of the agents do not take a look on the newspapers the reason being that from MLS they get a guaranteed commission. This way you can also loose better and great options for yourself.
They are almost always concerned that they are also paid off well of their efforts being made for the property. At some places it happens that listing agent shows the buyer the property and it turns out to be a loss as the buyer does not pay his commission. At such scenarios no contract for a listing agent which includes his commission is being ignored. This, turns out to be less motivating for many!
Another reason why most of the listing agent don’t go for FSBOs is that there is always a lockbox for the properties shown for MLS (means that the box has the house keys and agent has an access to it) while such keys are not available in case of FSBOs. This knowledge is well known to Remax Philadelphia group. It’s convenient if the keys are available to the listing agent so that they can well go for the option of showing the client the property whenever possible.
In case of FSBOs again the listing agent will have to fix an appointment with the seller which can be inconvenient most of the times. This hassle may lead to miss out of a good buyer as he may skip to buy your home. Even the buyer’s agent for FSBOs turns out to be challenging due to mentioned facts. There is so much effort to be made each time telling both the client and the seller the detailing of the contract. So at the same commission they end up making double efforts.