Types of Listings For Selling a Home As Is

While selling a home as is, it is important that your home is marketed well for attracting buyers who are willing to pay top dollars. Listing your home for sale is a good way of promoting your home and will certainly help in attracting the most suitable buyers. However, the type of listing you select will depend on your ability and willingness to carry out the home selling duties and the existing real estate market conditions. An open listing is a non-exclusive agreement wherein you are allowed to execute open listings with as many real estate brokers as you like. Brokerage is paid only to the broker through whom you eventually sell your home. The amount you pay is usually a selling broker commission, equivalent to one half of what is paid in other type of listings. The broker is paid for representing the buyer and not for representing the owner. Although many full service real estate agents shy away from open listings, these can be beneficial as you will not have to pay any commission if you find a buyer on your own. The only one major difference is that the broker is paid for representing the owner. The broker is free to contact other brokers and the amount paid as listing commission to the broker is shared with the second broker, if eventually the home is sold through him. For example, when the markets are full with listings and buyers are relatively fewer, you may decide to pay more to the selling office for generating more traffic. The duration of listing is usually negotiable and can extend for a period of 30 days, 90 days, six months, one year or more. Conditions regarding cancellation of the listing agreement need to be set beforehand, so that you can cancel the contract if you feel dissatisfied with the services offered at anytime during the contract period. If the home is sold to any of these buyers within the specified time period given in the agreement, the owner is required to pay the requisite amount of commission to the broker.    Related content: paid: A person paid a fee or commission for executing buy or sell orders for a customer. In commodity futures trading, the term may refer to: (1) Floor Broker — a person who actually executes orders on the trading floor of an exchange; (2) Account Executive or Associated Person — the person who ownership - All rights, benefits and privileges under life insurance policies are controlled by their owners. Policy owners may or may not be the insured. Ownership may be assigned or transferred by written request of current owner. A person (including business entities) with legal title to a property or beneficial ownership and a right to present use and enjoyment of a property. (note that even if property is in a trust or other limited liability entity that the beneficiary is still liable as the Owner of the property). The owner of a facility. The owner, operator, or agent in charge of a facility is responsible for registering the facility. Ownership is the state or fact of exclusive rights and control over property, which may be an object, land/real estate, intellectual property (arguably) or some other kind of property. It is embodied in an ownership right also referred to as title. One who is licensed by the state to carry on the business of dealing in real estate. A broker may receive a commission for his or her part in bringing together a buyer and seller, landlord and tenant, or parties to an exchange. broker: any person who alone, jointly, or severally with others (a) shall have legal title to any premises, dwelling, or dwelling unit, with or without accompanying actual possession thereof, or (b) shall have charge, care or control of any premises, dwelling, or dwelling unit, as owner or agent of the (law) someone who owns (is legal possessor of) a business; "he is the owner of a chain of restaurants" The full owner, part owner, lessor or lessee of a registered Standardbred horse that has qualified or has been programmed to race at an Ontario raceway within the preceding six months. owner: pay - render; "pay a visit"; "pay a call" pay - wage: something that remunerates; "wages were paid by check"; "he wasted his pay on drink"; "they saved a quarter of all their earnings" brokerage - the business of a broker; charges a fee to arrange a contract between two parties