It’s no secret that we’re in the middle of the worst recession since the Great Depression. 2008 through 2010 has been a really tough time for the economy as a whole but even worse for people trying to sell their homes. Because of this many sellers have had to resort to more exotic ways of selling their houses and that’s what I wanted to talk about in this article today.
I’m going to describe several different ways that you can list your house for sale that you may not have thought of before or you may not have ever heard of but these ways should help you out and give you a better chance of getting your house sold once and for all. At the very least they should give you an honest fighting chance to get your house sold!
The first way to list your house is what’s called an open listing. During an open listing the owner reserves the right to sell the property himself or herself or to retain a real estate broker. This gives you quite a bit of options as you might expect.
The next way to list the house is through what is called exclusive agency. During an exclusive agency, no other broker will be hired as long as the original broker is retained and usually the period of time during which the original broker is retained is spelled out as a specific amount of time. What’s neat about exclusive agency is that it doesn’t exclude you as the owner from selling the property yourself without having to pay a broker.
The next way to list your house is what is referred to as an exclusive right to sell. With an exclusive right to sell, the broker gets his or her commission whenever the property is sold whether by the broker themselves or by you the owner, or by anyone else!
Finally another way to list your house for sale is through what we call a multiple listing. In a multiple listing, brokers will combine to sell properties listed with any member of the broker’s specific pool. When this happens the brokers will all then split the commission between the listing and the selling broker.
There you have several ways to list your house for sale that you may or may not have heard of before and taking advantage of the specific way that fits you, of course, will depend on your own circumstances and how much time and energy and ability you have to put into it yourself.
However you choose to list your house for sale one thing is for sure, and that is that it’s been fairly hard to sell homes within the last couple of years but hopefully that will change as the market begins to absorb some of the loan losses that have occurred and equilibrium is reached once again.