Ive had by house up for sale by owner with no bites. Im thinking about putting it through a realtor but was wondering how long it would be up through that realtor?
2007-08-29 01:06:29 · 10 answers · asked by awsomenurse 2 in Business & Finance ➔ Renting & Real Estate
Like everything else in life that is negotiable. In NJ the standard listing contract is for 6-months. Then you are free to list it with another Realtor.
Now I'd like to give you something else to think about. Let me start by saying I am not a Realtor. That said, when your house is listed with Realtor-A they post it on the MLS (Multiple Listing Service). Now any Realtor, anywhere can show and sell your home. There is no such thing as an exclusive listing of residential property.
If your house isn't getting any bites there are a couple of things you should look at:
1. Did you negotiate the commission down? What ever company sells your house gets half. If the commission is too low it may not be worth it for an outside Realtor to show your home at all.
2. Is your house realistically priced? Try to detach yourself emotionally and ask if you would pay what you are asking. Your house isn't worth more simply because you have a marble floor in the bathroom or a solid wood floor in the family room. This stuff will certainly make your property sell quicker, but it doesn't make it worth more.
Good luck. I hope it sells soon.
2007-08-29 01:48:57 · answer #1 · answered by loancareer 3 · 1⤊ 1⤋
The first anwer is correct. You negotiate this before you start the contract. Then you have the Realtor show you this on the contract before you sign it.
Be adament that you want 90 days. Any Realtor who is going to do a good job should be confident you will sign on for another 90 days if necessary. But make him/her prove he/she is worthy of the additional 90 days.
If any Realtor tells you nobody will do 90 days, just nicely say, "Let me think it over and I'll get back to you." Then run to the phone and call someone else.
And in today's market, the most you should pay is 5%. Negotiate that, too. The listing agent will get 2%, and the selling agent 3%. Don't cut the seller's agent's commission, because you want agents to show your home. The better listing agents will allow 2%, as they make it up on volume. If they are a good listing agent, they will have volume.
2007-08-29 01:28:44 · answer #2 · answered by CJKatl 4 · 1⤊ 0⤋
Most selling contracts with a Realtor are 90 days or less. 120 days is not unheard of. You could also offer a cash bonus if they sell the house withing the first 30 to 45 days to speed up the process.
2007-08-29 02:35:33 · answer #3 · answered by MikeN7 2 · 0⤊ 0⤋
The typical listing agreement is for 6 months in my business. Some do less. In today's market you need an agent who is really working hard to see that your home sells. I can tell you from experience that the buyers are few, your home has to be the best priced, in the best condition, and best location within your neighborhood. Newspaper ad's do not sell homes and are a waste of money. If 85% of the buyers today are searching the internet for an average of 3 months before even actually looking at a property, where are you going to spend your advertising dollars? THE INTERNET! And before you sign that contract, tell the agent you are going to pay him 1% more than he/she asked, but they have to do certain things to get your home sold! Make sure your agent has a website, uses several different websites to advertise on like Yahoo.com, Zillow.com and Realtor.com. Ask for a Circlepix tour or picture tour of your home. Ask for Brokers Open House within 30 days, and one Public Open House within one month and one every month after that until sold. You want a nice professional Brochure Booklet, not just a flyer. You would like to have a professional come in and stage your home to make it look it's best. This is by and far the best investment you can make. Now, make sure Ms. Seller have done all the routine maintenance, if an inspector finds deferred maintenance it could be a deal killer. Fresh, clean, no pictures, no religious things out. Pack what you aren't going to use anyway. Unclutter, unclutter, unclutter. And fresh flowers by the front door for showings. Ok you're ready. Best of luck!
2007-08-29 01:56:20 · answer #4 · answered by Anonymous · 1⤊ 0⤋
It depends on your realtor. You guys write that into the contract. My realtor was very flexible and did not make us sign a contract. He simply asked for our word that we would not do anything behind his back.
2007-08-29 02:19:34 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Most will try to get you to sign at least a 6 month contract. This is because the agent has to pay to advertise and market your home so they want a fair amount of time to get it sold.
But remember everything is negotiable. If you go with a newer agent you might be able to get a 3 month contract
2007-08-29 01:11:05 · answer #6 · answered by Kay 3 · 0⤊ 1⤋
Each R.E is different...Some are 6 months some want you to sign up for a year. Make sure you work that out with whatever R.E agent you choose. Also make sure you have a clause in there if you sell it without your R.E. help they will get less commission...Hope this helps..
2007-08-29 01:14:11 · answer #7 · answered by WeLoan.Us 2 · 1⤊ 0⤋
6 months is the norm...but try and see if you can get them too do it for less then 7 % intrest... my realtor done it for 6 % the less the more in your pocket..
2007-08-29 01:11:56 · answer #8 · answered by Sandy M 3 · 1⤊ 1⤋
you negotiate that with them. you can make it for any amount of time you want.
i had mine written up for 90 days and we went from there to extend it if needed
2007-08-29 01:10:33 · answer #9 · answered by nataliexoxo 7 · 1⤊ 0⤋
http://finance.realtor.com/homefinance/guides/sellers/Default.asp?poe=realtor
here is the realtor.com site
it can off you a bit of information
good Luck
Meg
2007-08-29 01:50:45 · answer #10 · answered by Anonymous · 0⤊ 0⤋