The purchase or sale of a residence is usually the largest financial transaction of a person's life. Working with a professional real estate agent from a well-managed real estate brokerage can make all the difference between a house that sells quickly for the best price or a house that sits on the market with little or no interest.
If you choose to use the services of a real estate agent to sell your home, you will be required to enter into a listing agreement with the broker. Call Hintermeister & Kundel, Muscatine real estate attorneys, at 563.272.0003 before signing the listing agreement. This is a binding contract when signed by both parties. Unlike the standard real estate sales contract, the listing agreement does not have a five-day attorney approval clause. Once the homeowner signs the listing agreement, that homeowner will be required to pay for the broker's services when the home sells and sometimes even when the home does not sell.
There are now several real estate services that advertise that they will help you to sell "by owner" without paying a real estate commission. However, these services should be seen as a marketing service for which you will pay the marketing fees whether or not your home sells during the marketing period. Call John or Steve at 563.272.0003 before you enter into any contract with such a marketing service.
Your professional real estate attorney can assist you with:
- Advice regarding the types of real estate listing agreements and the advantages of each.
- Advice regarding the agents fee for their services and the various fee structures available.
- Multiple Listing Service, Lock Box, and basic safety.