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DETAILS OF THE LISTING AGREEMENT
The selling price
The price should be an invitation to buy. If the property is overpriced nobody will be willing to see it, so you do not sell it.
Time frame of the listing
It is the agreeded period of time for which a broker will market the property to find a buyer.
Seller Closing Costs:
- Existing first mortgage pay off
- Any second Mortgage pay off
- Any Line of credit pay off
- Real Estate commission
- Abstract fee
- Processsing and handling fee
- FHA/ VA Non-Allawances
- Tax Prorations
- Documentary stamps
- Document Preparation (title company)
- Seller contributions (Consessions)
It is compensation agreeded on the listing agreement for the services offered. Usually, it is a percentage of the selling price of the property.The best of all is that the commision is paid after the property is sold.
Some peeple refuse to sell their home using a Realtor to avoid paying commission.
If you do not pay the commission to the Realtor then you pay it to the buyer.
How is that possible ? Call me for an explanation
Florida Real Estate Licensed