Since a list contract is a legally binding contract for a large financial investment, it is important to look for red flags before signing. To save you from a bad real estate experience, you work with a powerful and experienced real estate agent. The list agreement, especially the exclusive list agreement, includes everything included in your sale (devices, chandeliers, etc.) until real estate agents are compensated. Here are some general things that are negotiated in the list agreement: "99% of the time the list agreement is a list agreement, in which list agents are responsible for everything," Lenchek said. It depends on the market, the price of the house, etc., but 3-6 months list should be minimal, and I would say 1 year maximum. One of the most frequently asked questions by real estate agents is: "How long should my home be put up for sale?" Many sellers also wonder how long it will take for an offer to expire if the property is not sold at the end. The answer is partly up to you. It depends on the urgency you have to sell your home, the type of market in which you sell and a number of other factors. The duration of your offer, as well as a number of other aspects of your contract, is negotiable and very important.
You don`t want to sign your list contract until you`ve thought about how long the offer will last. depending on your specific needs. The most important word used here is "you": the duration of the real estate contract belongs entirely to you and should not be something you have dictated to the real estate agent. They can help you make that decision by offering a realistic timetable, but you also need to think about how long it best for your needs. Most of our region is about 3-4 months old. I`m doing four months so there won`t be an extension if we get into a contract. 2-3 years (except commercial) does not say much to the broker/agent. It also depends on the size of the property. Some large houses on large land are also an exception to a longer list agreement. Your title made me laugh, so I clicked on your post. Think you`re joking on the 3-year-old list.
What did these vendors think? "Real estate is a service sector. If you`re not ready to offer first-class service to your customers, you really shouldn`t be in business," said Lenchek. He adds that in the rare event that an owner is dissatisfied with his services, he will leave them out of contract without any problems.