Listing Contracts and Pricing
We will use market research along with our knowledge and expertise to assist you in setting the best possible listing price for your home. However, it is important to keep in mind that the price that you set must be attractive to potential purchasers under the current market conditions.
Before finalizing the listing price, you may wish to ask us to prepare an estimate of the net cash proceeds you will receive on completion of the sale, based on the suggested listing price and the financing arrangements currently in place.
The following are a few "Advantages Of Pricing Your Home Right"
Faster Sale
Less Inconvenience
Exposure To More Buyers
Greater Demand From Buyers
Increased Realtor Response
Better Response From Marketing Efforts
Attracts Higher Offers
Attracts Cleaner Financing
Avoids Being Market Worn, or Becoming Stale
After a listing price has been established, you will be asked to sign a LISTING AGREEMENT.
Types of Listing Agreements
In British Columbia, the two most common types of listing agreements are:
Each type of listing lasts only for the time period that is specified in the agreement
An Exclusive Listing gives the listing agent the sole right to sell the property. This means that even if you sell the property to a prospect of your own during the term of the listing, you must pay the agreed commission to the listing agent, unless that prospect was specifically excluded on the listing agreement.
The listing agent may agree (or not agree) to share the commission with any other Real Estate licensee who is able to find a buyer for your property. The other licensee will be referred to as the selling agent. However, it is important to note that an Exclusive Listing will not be advertised on the Multiple Listing System.
You should also be aware that even after the exclusive listing expires; you may be obligated to pay the listing agent a commission if you sell your property to a person who purchases because of the agent's actions during the time of the listing.
A Multiple Listing differs from an Exclusive Listing only in that the listing agent agrees to register your home in a Multiple Listing Service (MLS) TM so that its availability is made known to all Real Estate licensees who are members of our Greater Vancouver Real Estate Board. In this case, the listing agent agrees to share a specified amount of the commission with any other member of the Real Estate Board who is able to find a buyer for your property.
NEED HELP IN SELLING YOUR HOME? CONTACT: TerryMarion@telus.net
Terry Marion would like to discuss your selling options and objectives with you, personally, before you decide which type of Listing Agreement is best suited to your needs.
Terms of the Listing Agreement
The Listing Agreement legally defines your arrangement with us, setting out, at minimum:
The price and terms at which you are willing to sell your home
The existing financing arrangements and whether this financing can be assumed by a new owner
A list of items attached to the building (normally called fixtures) which are or are NOT to be included in the sale.
The commission payable to the agent on the completed sale of your home
The time period for which the agreement will be in effect, ending on a specific calendar date
BEFORE you sign the Listing Agreement we will ensure that:
All the spaces have been completed to your satisfaction, and
You have a thorough understanding of all the terms it contains
We will provide you with a copy of this agreement so that you have it for future reference.
To Sell Your Home Call:
Terry Marion
Realtor
Royal LePage Showcase Plus
3137 St. John's Street, Port Moody, British Columbia
Canada V3B5R5
Email: terrymarion@telus.net Office Phone: (604) 461-2844
Toll Free: 1-800-567-4677 Cellular Phone: (604) 644-7237
Home Fax: (604) 945-3599
