What's Included In A Listing Agreement?
You're ready to sell your house. You've made the necessary repairs before selling your home, perfected your staging techniques, and are ready to start showing your house off to anyone interested in buying a house in Colorado Springs. What's next?
Next you have to choose which Colorado Springs real estate agent you want to represent you and sign a listing agreement with him or her. There are several different types of listing agreements you can choose from, each with its own unique specifications. Once you choose which type of agreement you want to use, you have to familiarize yourself with the terms and conditions in order to make sure that you fully understand what you are signing. Exclusive Right-To-Sell listings are the most common, so for the purposes of this article, we are going to look specifically these types of agreements and the types of specifications included in these contracts.
Next you have to choose which Colorado Springs real estate agent you want to represent you and sign a listing agreement with him or her. There are several different types of listing agreements you can choose from, each with its own unique specifications. Once you choose which type of agreement you want to use, you have to familiarize yourself with the terms and conditions in order to make sure that you fully understand what you are signing. Exclusive Right-To-Sell listings are the most common, so for the purposes of this article, we are going to look specifically these types of agreements and the types of specifications included in these contracts.
What Is Included In A Listing Contract?
Here is a broad overview of the types of details included in a listing contract.
- Detailed description of the property.
- The desired sale price of the home.
- The length of the listing period. (If the real estate agent has not sold your home within the specified time period, you will be able to switch brokers.)
- How the selling agent will be paid (i.e., how much and when).
- When the agent is allowed to show the home and how much advance noticed he/she is required to give.
- Whether or not the broker is allowed to reveal if anyone else has submitted offers on the property.
- Which personal property will be removed prior to closing and which will be included in the sale.
- A list of any outstanding liens on the property and specifications for who will pay them.
- Whether or not the broker can work with other real estate agents to sell the home (and how other agents, if any, will be paid).
- How the broker will advertise the property.
Your exact listing agreement may include other or exclude some of these exact specifications, but this general list can give you a broad overview of the types of details that will be included in your contract.
The MacGuire Team Would Love To Help You Sell Your Home!
If you are thinking about selling your house in Colorado Springs, we hope you'll keep The MacGuire Team in mind! We have a great deal of experience selling properties all over the Springs Area and we would be honored to help you achieve a stress-free, rewarding selling experiencing. Give us a call when you are ready to get started!
Mike@BuyWithMike.com
Mike MacGuire
Colorado Springs Real Estate Agent
The MacGuire Team
6760 Corporate Dr
Ste 300
Colorado Springs, CO 80919
719-536-4324 or 719-660-6793
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