Seattle Real Estate

If you are looking to sell or buy real estate for sale in Seattle WA, there are many types of real estate listings available. Typically, the most common listing is the one the property owners have with their real estate agents or brokers. In Seattle real estate, a home listing is a contract of employment between the home seller and a real estate broker to sell or lease property. Here are the common types of real estate listings.

Open Listing

This is the most common type of listing in Seattle. With an open listing, the home seller offers the real estate agent or broker a commission which is commonly a percentage of the sales when the listing is responsible for selling the property. An open listing allows a real estate breaker to sell the home and get their commission. But all contracts are canceled immediately the house is no longer on the market.

Exclusive Right To Sell

This is also one of the most popular options. This is basically an agreement between a property owner and a real estate broker that gives them exclusive rights to market and sell their home. So, a homeowner can’t hire another real estate agent or broker while the listing agreement is still valid. This type of listing also requires that the property owner should pay the broker or agent a commission no matter who later sells the home as long as the agreement is valid. The good thing about this listing is that they are allowed to list on the MLS, and this is where you will find them.

Net Listing

With this type of listing, the property owners set the price they want to sell the property, and the agent gets to keep the difference between the amount they actually sold the property. However, this can be a gamble for real estate agents because no commission rate is set. They both agree on a base price, and anything above the sales price is what the agent gets to keep. This type of real estate listing is probably the most complicated because it may end badly for both property seller and broker.

Multiple Listing Service (MLS)

This listing gets your home featured in the MLS, and usually, that is it. The tool is used by most home buyers to find properties. Think of MLS as Google, but specifically for finding Properties for sale in Seattle. You will find that some of the exclusive real estate agencies are on MLS.

Exclusive Agency Listing

This is also a common real estate listing. Though Seattle real estate brokers will still represent the property owner, they retain the right to sell their property on their own and don’t have to pay a fee. Exclusive agency listing works especially for home sellers when they have found just a buyer. In this case, the home sellers don’t have to pay broker commission. However, if the broker finds the buyer, the seller will have to pay the broker commission.

Seattle WA Real Estate

Selling or buying a home is a massive decision, and you shouldn’t undertake it alone. As you have read above, there are a couple of options for sellers to market their property and buyers to hunt for houses for sale. You should contact Katrina Eileen to help you make an informed decision as you look for investment homes in Seattle.