It doesn't matter where you are trying to sell your home whether it be in Houston or elsewhere there are a number of different kinds of listing contracts that can be used. But what you need to be aware of is that all there are many different ones not all of these are used today. Below we take a look at just two of the kinds of listing contracts used for selling a Houston Texas home or a home anywhere else.
1. An opening list is the one most used by people when trying to sell their home and are employing a real estate agent to help them do so. With this particular contract you employ a real estate agent who then arranges to bring potential buyers round to view your home. Upon completion of the sale as part of the contract agreement a percentage of the sale is paid to agent as their commission.
With this particular listing contract you are not actually limited to using just one real estate agent, in fact you can use as many as you like. But these agents tend to not market the property in the same way if they were acting as the sole agent on the sale. Normally such agents will only arrange to bring round those potential buyers where your home meets their requirements. Plus they will carry out the viewings at times that are convenient to them.
2. Although the One Time Show listing is similar to an open one in many ways. But will often be used in situations where the properties for sale by the owner but they act as the middle man between you and their client the buyer. With this particular listing contract an agreement will be signed that identifies the potential home buyer and should they purchase the property then the real estate agent is guaranteed commission when the sale is completed.
The only reason real estate agents use this type of listing contract is to ensure that the buyer and seller do not negotiate the sale between themselves. This in turn results in them losing their commission later on and which the buyer and seller are trying to avoid paying.
As with the Open listing contract you should not expect the real estate agent to spend too much time on marketing the Houston Texas home you have for sale. Plus details of the property won't appear in multiple listing systems and this may make it harder for you to find the buyer for your home. - 15224
1. An opening list is the one most used by people when trying to sell their home and are employing a real estate agent to help them do so. With this particular contract you employ a real estate agent who then arranges to bring potential buyers round to view your home. Upon completion of the sale as part of the contract agreement a percentage of the sale is paid to agent as their commission.
With this particular listing contract you are not actually limited to using just one real estate agent, in fact you can use as many as you like. But these agents tend to not market the property in the same way if they were acting as the sole agent on the sale. Normally such agents will only arrange to bring round those potential buyers where your home meets their requirements. Plus they will carry out the viewings at times that are convenient to them.
2. Although the One Time Show listing is similar to an open one in many ways. But will often be used in situations where the properties for sale by the owner but they act as the middle man between you and their client the buyer. With this particular listing contract an agreement will be signed that identifies the potential home buyer and should they purchase the property then the real estate agent is guaranteed commission when the sale is completed.
The only reason real estate agents use this type of listing contract is to ensure that the buyer and seller do not negotiate the sale between themselves. This in turn results in them losing their commission later on and which the buyer and seller are trying to avoid paying.
As with the Open listing contract you should not expect the real estate agent to spend too much time on marketing the Houston Texas home you have for sale. Plus details of the property won't appear in multiple listing systems and this may make it harder for you to find the buyer for your home. - 15224
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