Tagged: listings

Listing contract details

There are several steps to selling a home. After you have found a listing agent for your home, you will be provided with a listing contract. Prior to signing this document, it is helpful to understand the conditions normally included. The Marlboro NJ listing contract details in this blog will make you an educated seller.

Professional Fees

Commission is typically itemized as a percentage of the selling price. It is against the law for brokers to imply that a rate is fixed in the market. Every brokerage sets its own rates and, similar to everything else in real estate, it can be changed. It is important to understand the experience and value provided by individual brokers and companies when comparing their fees. Finding one with the lowest fee may not be the best choice and may actually end up hurting you, so make sure you understand what services they offer for the fee.

Listing agents typically share a certain portion of the fee with buyer agents. The amount is shown in the MLS system. Higher rates may encourage buyer agents to promote your home and, likewise, low percentages can discourage them. This is particularly true when competition is high. If the percentage is not specified, you can ask about it.

The contract also indicates when the compensation is technically earned. It is important to read and understand the terms of the contract.

Marketing Services

You must enable your agent to handle specific tasks. The most obvious one is to enter the details of your property into the local MLS (multiple listing service). This service shares the information with all real estate professionals and could also send your listing  to a list of authorized websites. By expanding the pool of home buyers that see the information, you will increase the likelihood of selling and for a higher price. Adding signs, attaching a lock box, and performing open houses are other services that you may be asked to sign off on in the listing contract.

Legal Obligations

Real estate brokers are not solely salespeople. They are actually agents in the legal definition and have special obligations under real estate law. These are referred to as fiduciary duties and include care, obedience, accounting, confidentiality, diligence, disclosure, and loyalty. Basically, your broker must work for you and look out for your interests. There can be situations where a listing agent also represents a buyer attempting to purchase your home. This is called a dual agency. The paperwork will provide information on how this shall be addressed, such as mandated disclosures, and what services will be provided to each party. Make sure that you fully understand the potential scenarios and agree with the terms.

Marlboro NJ Listing Contract Details

The Marlboro NJ listing contract details in this article include some of the most common components of listing contracts but may not address everything in your specific contract. As with any kind of contract, read through the complete document carefully, ask questions about anything that is confusing, and seek additional assistance if you desire legal advice.

For more information on this and other real estate topics, contact Sujatha Bhaskara at 732-536-9010 or sbhaskara@optonline.net. Never hesitate to contact me with any of your real estate questions! For more information on selling your home in Marlboro NJ, please visit http://www.bestinnjrealestate.com/sell/.

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How to search home listings online

Searching Marlboro NJ home listings online can be a cumbersome task. There are numerous online websites to choose from. The information below will help you understand the different websites.

Real Estate Websites Are All Different

Marlboro NJ listings are normally entered into a database, called the Multiple Listing Service (MLS), by local real estate agents. The listing details are then distributed to third party websites through feeds and syndication. These websites reformat the data and display them in different ways on their websites.

Although the third party websites pull data from MLS, they do not necessarily receive every home for sale in MLS. Sellers can opt-out of having their listings included in the distribution feed. Also, these websites may only pull new listings at certain intervals, so new listings may not immediately appear on those sites. If you are searching listings in a hot market, a delay in seeing a newly entered listing may result in missing the home of your dreams.

Searching Marlboro NJ Home Listings Online

Using third party websites are a great way to search homes for sale, but keep in mind that local real estate brokers have direct access to MLS and can guarantee complete access to every listing for sale in MLS. Real estate brokers can either filter real estate listings on your behalf or give you direct access to MLS through their account.

Each real estate professional may use different methods to grant that access. Some questions to ask a real estate agent are…

  • Can I access the system online?
  • Can I enter different search criteria?
  • Will I receive an email on new listings?
  • How quickly will a new listing be displayed?

Understanding Your Options

Now that you understand where third party websites get their real estate listings from and how that compares to what a real estate agent can provide, you can decide the preferred method that you would like to use for searching Marlboro NJ home listings online. I am confident you will love the home search on my website, www.bestinnjrealestate.com, a great buyer resource where you can save properties, set up custom listing alerts for homes that meet your needs, get local Marlboro, NJ school and community information, and more!

For details beyond what is provided in this searching Marlboro NJ home listings online information, contact Sujatha Bhaskara at Keller Williams Realty by calling 732-536-9010 or by emailing sbhaskara@optonline.net.