Education on listing types is essential knowledge for both the buyer and the seller. Without knowing what each is and what the benefits and drawbacks are for each, many people would miss out on sales and potentially lose money. There are four main types of listings and each one is specific to certain cases. Review the following to determine which listing method is best suited for your needs.
Exclusive Listing Agent
When you sign a contract for an exclusive listing agent, you are basically employing that specific listing agency to market and list your home. This option is designed to allow for this agency to receive a commission of the home sale, even if it was sold through another company or realtor.
The reason why this listing type is not as popular in Alaska real estate as others is due to the fact that the realtor receives a commission no matter how the house sells. In other words, they can list it quickly in the Multiple Listing Service, wait around and not be aggressive at marketing your home. On completion of the sale of your home, they make their money.
Right to Sell Exclusively
The exclusive right to sell is the most popular way to list of the four being mentioned. This is where you hire a realtor to list and market your property. They, in turn, market your property to other realtors and buyers and actively seek a sale in the Alaska real estate market. These realtors are aggressive and do not get paid until the home is sold. With that being the case, they put great time, effort and money into the sale marketing of your home. Other services you can expect from your realtor are open houses and advertising.
The Open Listing
This is another popular way to list. Often times, owners of homes will try to sell the home themselves. With the open listing option, they can also get the help of realtors that deal in the Alaska Real Estate sector. The way this works is simple; a realtor can bring the potential buyer around to see the property. If they buy the home, the realtor gets a commission. If the property does not sell to the buyer, then they do not receive any payment.
During an open listing, a realtor does not market or list the property being sold. They will just pass by and show it to their buyer as an option.
A One Time Show Listing
A One Time Show listing is definitely not as popular as some others. This way of listing is not to sound with realtors. The way a One Time Show listing works is quite similar to the way an open listing works, however, there is a contract signed. This contract basically states that if their buyer purchases this property from the seller, they will receive a commission. Ultimately, this helps with the realtor not getting the short end of the deal. Without the contract, the buyer and seller could work directly and bypass the realtor altogether.
With the four different listing types available in Alaska real estate, there are plenty of options for sellers and their price ranges. This allows for those homeowners who do not want to pay commission to a realtor the option to do so.
Learn more about the Anchorage AK Real Estate market or search Alaska Property For Sale on Ryan Tollefsen's Alaska Real Estate web site.
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