A listing agent (usually a Realtor®) will help you through the home-selling process from start to finish. The agent is paid a commission at closing which is generally a percentage of the sales price of the property, and that commission is noted on the Listing Agreement that is signed before the home is put on the market. When another agent represents the buyer, then the commission is split according to the terms of the Listing Agreement Additionally, if the property listed for sale is a short sale (meaning that the seller owes more to the bank than the sales price), the bank (not the seller) will pay the agent’s commission.
Once you hire a qualified Realtor® to list your home, he or she will do lots of research behind the scenes in order to determine your property’s value, prepare a marketing plan, and make a game plan for how to get you the best offer for your property. Since California currently has low inventory and we are in a seller’s market, it’s possible that the home will sell quickly and you may even receive multiple offers.
Your San Diego County listing agent doesn’t just click a few buttons on the computer in order to determine the property’s value. A value is determined based upon complete analysis of the local market, including recently sold (and listed) properties in your neighborhood.
If you live in Escondido, San Marcos, Vista and beyond, your listing agent will also prepare a marketing plan in order to “spread” the word about your property being listed for sale. Your property will be listed on the MLS database; in this way, all members of the Multiple Listing Service will see that your property is listed and be the entire MLS will be working to obtain a buyer. The use of the Internet for advertising, flyers, signs and mailings are other ways that a Realtor® will actively work to obtain a buyer for your property. Video virtual tours are also another successful method of advertising. Additionally, Realtors® attend meetings and hold open houses as means to sell their listings.
Putting your home on the market and making it available for sale can be frustrating. That’s because you need to make it available so that prospective buyers and their agents can view the property, and this sometimes seems like an invasion of personal space. However, the more amenable you are to preparing the property for showings and making the property easily accessible, the more likely you are to obtain an offer (or multiple offers) quickly.
A qualified Realtor® who carefully and aggressively markets a well-priced property usually has great success in obtaining an offer quickly. That being said, not all Realtors® carry a magic wand in their cars. Sometimes it is difficult to predict some of the bumps that may occur on the road to a successful sale. The more experienced the Realtor®, the more likelihood that any hiccups will be dealt with quickly and professionally.
Ready to sell? Want to find out what your San Diego County home is really worth? No need to pay hundreds of dollars to an appraiser. Contact the Broadpoint Properties office and we will provide you with an Automatic Free Market Evaluation.
Your Free Market Evaluation Will Include:
- An estimate of your home’s current market value
- The 3 most comparable properties that recently sold near you
- A suggested listing price in case you plan on selling