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You sign a listing contract, which is a legally binding agreement that typically gives the consultant the exclusive right to sell your property within a certain period of time (usually 90 to 180 days).
Our consultant researches the market and study the comparables in order to determine your home's market value and reach a list price in consultation with you.
The consultant prepares a written marketing campaign that includes a schedule for listing, showing, advertising and marketing your property.
The consultant advises you on how best to prepare your home for sale and helps arrange for pre-sale tasks such as a inspections and other tasks that e.
The consultant transmits any offers to you, negotiates the purchase based on your recommendations, and moves all the paperwork through the transaction.
You pay for the listing services, either as a percentage commission (usually 6 percent), as specified in you`r listing contract. The buyer's agent is paid out of the percentage.
If You Work Alone
You are in charge of the transaction, including marketing your property, negotiating the purchase, and handling the paperwork. Educate yourself on relevant federal laws and state regulations governing real estate sales.
You do your own market research (including possibly hiring an appraiser) to determine your home's value.
You create your own marketing plan and decide how you will handle inquiries from prospective buyers or their agents.
You decide how to prepare your home for sale, including arranging for pre-sale repairs, inspections, or other necessary services.
You field all buyer inquiries, show the house yourself, handle all negotiations, and move the paperwork through the transaction.
You pay for the buyer's agent's services, unless the buyer is also working alone or has hired the agent for a set fee. You may also pay for services you require during the transaction, such as legal advice or help negotiating the contract. Discount brokers offer individual services for flat rates.