Can I Use Two Realtors® To Sell My House?
Definition of "Can I Use Two Realtors® to Sell My House?"
Yes, you can use two realtors® to sell your house. Actually, more than two. You can use how many you’d like.
It’s what is called an Open Listing. In it, the home seller pretty much says “Hey, realtors®! Whoever brings me the best offer first, wins”, which, in paper, looks great, wouldn’t you agree? Having several real estate agents searching for potential home buyers will make the whole process faster; they’re bound to find a buyer for your house faster than if you would rely on only one. Competition is great, right?
Well, not most of the times, and definitely not in this case. The problem is that most realtors® shy away from Open Listings. At least the very good ones. They ask themselves: why waste my already scarce time to find a home buyer for this property only for the seller to choose another offer? They prefer working with an Exclusive Right to Sell Listing, which guarantees them a reward for their work.
There are two scenarios that are best suited for the use of two realtors® or more to sell a house. One is if your house is very unique. So much so that even well-established real estate agents will bid for it because they have clients looking for that house and the supply of houses like yours is almost non-existent. And the other one is if you are in a hurry. Then it *might* be a good idea because you want the most real estate agents trying to sell your house you can – even if they are not particularly the most sought-after.
So, as you can see; it’s not a matter if you can use two realtors® to sell your house. Yes, you can. But *should* you? That’s up to you to answer…
Real Estate Advice:
What there is no doubt about is the fact that you need to find a real estate agent. Contact one of ours now!
And if things are still a bit blurry, check our Listings 101 article so you become an expert on all types of arrangements you can do with a realtor® selling your house.
Popular Real Estate Glossary Terms
Evaluation of a contemplated project or course of action, according to pre-establisher criteria to determine if the proposal meets the requirements of the property owner. An analysis is ...
In insurance, an estimable risk for the purpose of calculating an adequate and reasonable premium providing sufficient resources should the company need to pay a claim while maintaining ...
Abbreviation for the Latin term et alii meaning "and others". ...
Early American architecture modeled after the English Georgian architecture having two or three stories with a rectangular design and ample ornamentation often including a widow's walk. ...
(1) Written statement by a responsible individual or entity of the correctness and reliability of something. (2) Written permission to do something, such as receiving a real estate ...
The allocation method estimates the value of the property’s land by gathering information from comparable properties. The allocation method of estimating site value is ideal, however, ...
In real estate, the basis to set an adjustable rate mortgage, such as a 6-month certificate of deposit (CD) rate, cost of funds index, or prime rate. A statistical measure stated as ...
Agreement by a lender to lend money to a borrower. A loan commitment typically includes the amount of money to be lent, the interest rate, and the period of the loan. ...
People often use the term in their everyday discourse, yet many wonder what the meaning of common law genuinely implies. Common law refers to a system of jurisprudence based on court ...
Have a question or comment?
We're here to help.