Benefit #4: No Contract
The fourth and final benefit (on our discussion) of selling your house FSBO instead of using a real estate agents is that there is no listing contract. When you hire a real estate agent to sell your home you typically sign a 3 or 6-month listing contract. During this time you cannot cancel the listing or sell by owner. You have to wait until the contract expires.
The real problem is not that you would get an offer that asks you to sell without a real estate agent. The problem of having a contract is if you have an agent who is doing a terrible job of promoting your property. You cannot simply fire the agent and hire someone else, you have to stay for the duration of the contract.
Many people sign the contract without reading it. It would be fair to ask the listing agent to include a performance clause in the contract. In other words, if the real estate agent is not getting the traffic he or she promised you can cancel the contract. Make sure that if you list your home with an agent that there is a way for you to get out of the contract for legitimate reasons. Now, if you want to change simply because your brother-in-law just got his license and you want to throw him a bone that is not going to work.
When using services such as ForSaleByOwner.com
you can decide to pay a one time fee and keep the services as long as you want or pay a monthly. However, you can opt to hire a real estate agent at any time if you feel like you are not able to properly promote your house.
The following posting will begin explaining the benefits of listing your house through a real estate agent.
The Housing Ecologist
The fourth and final benefit (on our discussion) of selling your house FSBO instead of using a real estate agents is that there is no listing contract. When you hire a real estate agent to sell your home you typically sign a 3 or 6-month listing contract. During this time you cannot cancel the listing or sell by owner. You have to wait until the contract expires.
The real problem is not that you would get an offer that asks you to sell without a real estate agent. The problem of having a contract is if you have an agent who is doing a terrible job of promoting your property. You cannot simply fire the agent and hire someone else, you have to stay for the duration of the contract.
Many people sign the contract without reading it. It would be fair to ask the listing agent to include a performance clause in the contract. In other words, if the real estate agent is not getting the traffic he or she promised you can cancel the contract. Make sure that if you list your home with an agent that there is a way for you to get out of the contract for legitimate reasons. Now, if you want to change simply because your brother-in-law just got his license and you want to throw him a bone that is not going to work.
When using services such as ForSaleByOwner.com
The following posting will begin explaining the benefits of listing your house through a real estate agent.
The Housing Ecologist
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