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 Questions
Popular Real Estate Glossary Terms
A roof having two slopes on each side. The second slope is longer than the first part of the roof and extremely steep. ...
revising the terms of a loan such as when the borrower is experiencing severe financial difficulties. For example, a homeowner lost his job and seeks relief by requesting the lender ...
Economic principle determining the market prices of goods, services, and property. The principle states there is a pricing relationship between supply and demand for real property. Economic ...
A closed-end mortgage is a mortgage in which the collateralized property cannot be used as security for another loan. See also open-end mortgage for a better understanding of the ...
federal law protecting someone in active service from bank foreclosure of their property that was bought before entering the armed services. ...
People say time is money. The old-age cliche applies more than ever in our case as we define what the Time Value of Money (TVM) means. You’ll find the term time value for money ...
Substituting one party for another in an action giving that party full rights or claims. Foe example, an insurance company pays the insured for a fire loss caused to the home by a third ...
Process of the borrower giving the lender security to obtain the loan. ...
Nationwide group of independent real estate brokers who cooperate together and share information regarding clients who are seeking to relocate from one area of the country to another. The ...
Have a question or comment?
We're here to help.